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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    920 Rancheros Dr San Marcos, CA 92069-3037

    • Manufacturing properties
    • 18,270 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2025
    $5,096,000
    Value Estimations
    $3,935,000
    Show details
    Cap Rate Potential
    5.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-9729948
    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

    • Jones Vintage Parts, Inc. / Auto Parts Store / Car Repair And Maintenance Service
    • Ogden Flooring Center / Flooring Contractor / Granite Supplier

    Property Details for 920 Rancheros Dr

    Year built
    1980
    Lot size
    1.10 lot acres
    Property size
    18,270 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    226-692-01-00
    APU
    2266920100

    Description

    This exceptional San Marcos property, located at 920 Rancheros Dr, offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The building totals 10,049 square feet and is situated in San Diego County, California, zip code 92069. Currently, there are multiple tenancies available, with a significant amount of vacant space totaling 5,788 square feet. Two contiguous spaces are immediately available, each ranging from 2,886 to 2,902 square feet, perfect for smaller businesses or expanding operations. The property's classification as both office and industrial space provides flexibility for businesses requiring a combination of administrative and storage/production areas. The location in San Marcos offers convenient access to major transportation routes, making it an attractive option for companies needing efficient logistics. This is a rare opportunity to secure high-quality, versatile commercial space in a desirable San Diego County location. The minimum divisible space is 2,886 square feet, ensuring suitability for a range of business needs. Don't miss this chance to establish your business in this well-positioned and adaptable property. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,895,000
      ML approach
      $3,895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,485,000
      6.5%
      $3,215,000
      7%
      $2,985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,417,000
      Market price range: $2.42M - $5.23M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,605,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,750,000
      Change: +59% Conversion: Difficult
      RETAIL STORES
      $5,550,000
      Change: +54% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.136
    Latitude
    33.1379
    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
    $15,726
    $463,455
    $955,894
    $1,419,349
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation
      $2,405,000
      22,501 SF

      175 Bosstick Blvd

      MANUFACTURING (LIGHT) • 22,501 SF
      175 Bosstick Blvd, San Marcos, CA 92069-5938
      View Details
    • Value Estimation
      $5,195,000
      52,490 SF

      970 Los Vallecitos Blvd, Unit 80

      MANUFACTURING (LIGHT) • 52,490 SF
      970 Los Vallecitos Blvd, San Marcos, CA 92069-1473
      View Details
    • Value Estimation
      $4,165,000
      36,000 SF

      125 Vallecitos De Oro

      MANUFACTURING (LIGHT) • 36,000 SF
      125 Vallecitos De Oro, San Marcos, CA 92069-1423
      View Details
    • Value Estimation
      $1,805,000
      9,999 SF

      133 Mata Way, Unit 55

      MANUFACTURING (LIGHT) • 9,999 SF
      133 Mata Way, San Marcos, CA 92069-2937
      View Details
    • Value Estimation by Request
      51,082 SF

      175 Norman Strasse Rd

      Distribution properties • 51,082 SF
      175 Norman Strasse Rd, San Marcos, CA 92069
      View Details

    Similar Nearby for Sale

    • $2,590,000
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      San Marcos Industrial Property Available

      Industrial property in San Marcos, part of the Innovate78 Corridor.
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      Industrial warehouse in San Marcos with convenient freeway access.
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

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    • $19 SF/Yr
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      San Marcos Industrial Manufacturing Building

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    • Contact for pricing
      3,440 SF

      Renovated Flex Space Available

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      San Marcos Industrial Space Available

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    • $1,000 /Mo
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      Industrial Space with Flexible Zoning

      Renovated industrial space with office, showroom, and freeway access.
      968 E Rancheros Dr, San Marcos, CA 92069
      View Details
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    San Marcos, CA 92069-3037
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    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
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