Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    288 Distribution St San Marcos, CA 92078-4358

    • Manufacturing properties
    • 24,225 SF
    • 1.31 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2021
    $6,200,000
    Value Estimations
    $6,735,000
    Show details
    Cap Rate Potential
    2.9%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-9746163
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 288 Distribution St

    Year built
    1986
    Lot size
    1.31 lot acres
    Property size
    24,225 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    220-201-21-00
    APU
    2202012100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $8,855,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,620,000
      6.5%
      $4,265,000
      7%
      $3,960,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,440,000
      Current use
      OFFICE BUILDING
      $10,660,000
      Change: +66% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,250,000
      Change: +44% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $7,625,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.152
    Latitude
    33.1362
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $71,430
    $2,705,040
    $3,745,440
    $6,450,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,175,000
      17,823 SF

      1321 Linda Vis Dr

      MANUFACTURING (LIGHT) • 17,823 SF
      1321 Linda Vis Dr, San Marcos, CA 92078-3804
      View Details
    • Value Estimation
      $1,830,000
      16,806 SF

      1165 Linda Vis Dr

      MANUFACTURING (LIGHT) • 16,806 SF
      1165 Linda Vis Dr, San Marcos, CA 92078-3821
      View Details
    • Value Estimation
      $1,845,000
      10,553 SF

      288 Navajo St

      MANUFACTURING (LIGHT) • 10,553 SF
      288 Navajo St, San Marcos, CA 92078-2423
      View Details
    • Value Estimation
      $1,825,000
      16,339 SF

      215 Pacific St

      MANUFACTURING (LIGHT) • 16,339 SF
      215 Pacific St, San Marcos, CA 92078-2459
      View Details
    • Value Estimation
      $905,000
      7,466 SF

      263 Venture St

      MANUFACTURING (LIGHT) • 7,466 SF
      263 Venture St, San Marcos, CA 92078-3300
      View Details
    • Value Estimation
      $1,635,000
      10,773 SF

      1970 Diamond St

      MANUFACTURING (LIGHT) • 10,773 SF
      1970 Diamond St, San Marcos, CA 92078-5123
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,316 SF

      Freestanding Industrial Building Available

      11,316 SF freestanding industrial building for sale or lease.
      435 E Carmel St, San Marcos, CA 92078
      View Details
    • Contact for pricing
      3,120 SF

      Industrial Flex Condo For Sale

      Industrial flex condo with improved office space in San Marcos.
      1195 Linda Vista Dr, San Marcos, CA 92078
      View Details
    • $2,168,430
      6,571 SF

      San Marcos Industrial Building For Sale

      Prime San Marcos location, multi-use potential.
      1255 Stone Dr, San Marcos, San Marcos, CA 92078
      View Details
    • Contact for pricing
      6,138 SF

      San Marcos Industrial Building For Sale

      6,138 SF industrial building with highway access in San Marcos.
      228 Venture St, San Marcos, CA 92078
      View Details
    • $2,168,430

      San Marcos Industrial Building For Sale

      Industrial building in central San Marcos with highway access.
      1255 Stone Dr, San Marcos, CA 92078
      View Details
    • $2,593,800
      7,860 SF

      San Marcos Industrial Building For Sale

      Recently renovated industrial building with drive-through access in San Marcos.
      1265 Stone Dr, San Marcos, CA 92078
      View Details

    Similar Nearby for Lease

    • $1.65 SF/Yr
      2,880 SF

      San Marcos Warehouse Space Available

      Warehouse space with highway access and ample parking.
      1251-1267 Linda Vista Dr, San Marcos, CA 92078
      View Details
    • $1.85 SF/Yr
      5,383 SF

      San Marcos Industrial/Flex Space Available

      Industrial/flex space in high-demand San Marcos submarket, excellent demographics.
      1619 S Rancho Santa Fe Rd, San Marcos, CA 92078
      View Details
    • $1.35 SF/Yr

      San Marcos Industrial Building For Lease

      9,720 SF industrial building near Cal State San Marcos.
      295 Trade St, San Marcos, CA 92078
      View Details
    • $1.75 SF/Yr
      1,575 SF

      San Marcos Flex/Industrial Space

      3,600 SF flex/industrial space available for lease.
      1782 La Costa Meadows Dr, San Marcos, CA 92078
      View Details
    • $1.65 SF/Yr
      1,200 SF

      San Marcos Warehouse Space Available

      Warehouse space featuring reception/office area and restroom.
      1269-1295 Linda Vista Dr, San Marcos, CA 92078
      View Details
    • Contact for pricing
      3,000 SF

      San Marcos Industrial Space Available

      Industrial space with yard available for lease in San Marcos.
      330 S Pacific St, San Marcos, CA 92078
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    288 Distribution St
    San Marcos, CA 92078-4358
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!