950 Boardwalk - Park Place North 1,515 SF Office/Medical Condo Unit Offered at $435,000 in San Marcos, CA 92078

Owner may carry financing with minimum 25% down payment. Professional office condominium in Park Place North, centrally located in the active W San Marcos Blvd commercial corridor. Suite 202 offers approximately 1,515 SF on the second floor of an elevator-served three-story building constructed in 2006. The project contains 18 units. The suite is positioned just steps from the elevator, common restrooms and stairway.

The interior includes a spacious reception/lobby area, five private offices, a large conference room, a break room with sink, and an additional flex or administrative workspace. The layout is ideal for professional, legal, financial, consulting, insurance, real estate, healthcare-related or administrative office use.

The property is near Costco, Restaurant Row, Creekside Marketplace, restaurants, entertainment, financial services, healthcare providers and numerous professional businesses. Convenient access to SR-78 provides strong regional connectivity to Oceanside, Vista, Escondido, I-5 and I-15.

A 2021 traffic analysis reported approximately 36,900 average daily vehicles on W San Marcos Blvd between Via Vera Cruz and Bent Ave, the measured segment nearest the property. The surrounding 92078 ZIP code has a median household income of approximately $120,268 and an estimated average household income of approximately $154,495, supporting a strong local customer base and demand for professional services.

The location also benefits from proximity to Palomar College and Cal State San Marcos, which together contribute tens of thousands of students, faculty and employees to the local economy. Nearby SPRINTER rail and BREEZE bus service provide additional transportation options throughout North County.

San Marcos continues to attract major investment, including the announced approximately $1.2 billion Scripps San Marcos Medical Center, expected to create about 1,700 jobs. Nearby Restaurant Row redevelopment plans include 202 residential condominiums, approximately 10,400 SF of commercial space and a 1.5-acre park. Ongoing growth around North City and the university area further expands the surrounding employment, residential and commercial base. San Marcos also supports approximately 4,290 businesses, nearly 42,000 local jobs and more than $1.7 billion in annual retail sales, reflecting the depth of the surrounding commercial economy.

Suite 202 offers a practical, well-located opportunity for an owner-user or investor seeking office space in one of North County's most active commercial corridors.

Owner may carry financing with minimum 25% down payment. 950 Boardwalk, Suite 202 is a professional office condominium in Park Place North, located just north of West San Marcos Boulevard near Via Vera Cruz in one of San Marcos’ most established commercial corridors. The property is offered at $435,000 and contains approximately 1,515 square feet of office space on the second floor of a three-story elevator-served building constructed in 2006.

The suite is positioned only a few steps from the elevator, common restrooms and stairway. Its current layout includes a large reception and lobby area, five private offices, a spacious conference room, a break room with a sink and an additional flexible work or administrative area adjoining the rear office. The existing configuration is suitable for legal, accounting, financial, insurance, real estate, consulting, design, healthcare-related, administrative and other professional office uses.

Park Place North contains 18 commercial condominium units within an approximately 38,514-square-foot building situated on approximately 1.55 acres. Public records identify Suite 202 as a 1,515-square-foot commercial office condominium constructed in 2006. The property is identified as Commercial Mixed Use, with office as the current land use. APN: 219-331-44-11.

The location places the suite near a broad concentration of retail, dining, entertainment, healthcare and professional services. Nearby destinations include Costco, Costco Business Center, Creekside Marketplace, Restaurant Row, a major cinema complex, restaurants, banks, medical providers and numerous service-oriented businesses. State Route 78 is close by and provides the primary east-west connection through North County, linking San Marcos with Oceanside, Vista and Escondido and providing access toward Interstate 5 and Interstate 15.

West San Marcos Boulevard carries substantial daily traffic. A 2021 traffic analysis reported approximately 36,900 average daily vehicles on West San Marcos Boulevard between Via Vera Cruz and Bent Avenue, the measured roadway segment nearest the property. The same analysis reported approximately 40,600 vehicles per day between Bent Avenue and Grand Avenue and approximately 54,500 vehicles per day on the segment approaching the State Route 78 eastbound ramps. These traffic volumes reflect the corridor’s role as a principal commercial and transportation route through San Marcos.

The surrounding 92078 ZIP code contains an estimated 53,605 residents and 18,522 households, with approximately 3,210 residents per square mile. Median household income is approximately $120,268, and estimated average household income is approximately $154,495. Per-capita income is approximately $54,529. Approximately 49.2% of residents age 25 and older hold a bachelor’s degree or higher. These figures indicate a comparatively affluent and highly educated surrounding population with the purchasing power and professional-service demand that support office users in financial services, law, insurance, real estate, healthcare, consulting and related fields.

The City of San Marcos has an estimated population of approximately 94,908 and a population density of roughly 3,894 residents per square mile. Citywide median household income is approximately $109,377, and 43.8% of adults age 25 and older hold at least a bachelor’s degree. San Marcos reports approximately 4,290 businesses, nearly 42,000 local jobs and an economy exceeding $6 billion annually. Reported economic activity includes approximately $1.70 billion in annual retail sales, about $381 million in accommodation and food-service sales and approximately $599 million in healthcare and social-assistance receipts or revenue.

The property also benefits from San Marcos’ concentration of higher-education activity. Palomar College’s main San Marcos campus reported enrollment of more than 19,580 students for the fall 2025 semester. California State University San Marcos serves more than 17,000 students on a 306-acre campus. Together, the two institutions contribute more than 36,000 students, in addition to faculty, staff, vendors and visitors, to the local economy. Their presence supports workforce development, professional employment, housing demand, retail activity, dining and recurring demand for business and professional services.

Public transportation is available through the North County Transit District’s SPRINTER rail and BREEZE bus systems. The SPRINTER is a 22-mile east-west rail line connecting Oceanside, Vista, San Marcos and Escondido through 15 stations. The Palomar College Transit Center is served by the SPRINTER and BREEZE Routes 304, 305, 347 and 445. Route 347 connects Palomar College and Cal State San Marcos and generally operates every 30 minutes on weekdays. These transit connections supplement automobile access through West San Marcos Boulevard and State Route 78.

The immediate area continues to receive major residential, commercial, institutional and healthcare investment. The approved Restaurant Row redevelopment along West San Marcos Boulevard between South Las Posas Road and Via Vera Cruz is planned to include 202 residential condominium units, approximately 10,400 square feet of commercial space, an approximately 1.5-acre park and related street improvements. The project will add residents, commercial space and public improvements within the same corridor as the property.

Additional development is occurring around North City and the Cal State San Marcos area. San Marcos has also announced the approximately $1.2 billion Scripps San Marcos Medical Center, a major healthcare project expected to create about 1,700 jobs. This investment is expected to expand the city’s healthcare employment base and increase demand for supporting professional, administrative, financial, legal, insurance, real estate and service businesses.

At the stated rent of $3,051 per month, estimated annual gross rental income is $36,612. Estimated annual net operating income is approximately $23,925, which equates to an estimated 5.50% capitalization rate at the $435,000 asking price. This provides investors with a straightforward income profile while preserving the longer-term option for owner occupancy.

For an owner-user, Suite 202 provides a completed private-office layout in a central North County location with immediate access to retail, restaurants, services and regional transportation. For an investor, the suite offers a conventional office configuration that can serve a wide range of professional tenants. The combination of 1,515 square feet, five private offices, a conference room, reception area, break room, elevator access, strong surrounding demographics, high corridor traffic, nearby colleges, public transit and continuing local development makes 950 Boardwalk, Suite 202 a well-positioned commercial office ownership opportunity in San Marcos.