Add Listing
    For Sale
    • 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

    1688 S Melrose Drive Vista, CA 92081

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    Contact for pricing

    Business Opportunity - Vista, CA

    Added:
    Oct 4, 2010
    Days on Market:
    5685
    Last Refresh:
    Apr 27 at 10:06 pm

    Property Features for 1688 S Melrose Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Seda Hovsepian

    Listing agent Seda Hovsepian

    Listing office Allison James Estates & Homes 402 W Broadway #400, Carlsbad, CA

    Listing date Oct 4, 2010

    MLS# 100058923 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Business Opportunity in Vista

    This is a full sit-down and take-out restaurant, currently serving Mediterranean cuisine, that presents a business opportunity in Vista, California. The restaurant can be converted to other types of food service. A new lease will be negotiated with the landlord. The sale is contingent upon the buyer's qualification with the shopping center's management company.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Connie's Restaurant Wasabi Japanese Cuisine Restaurant Vista Barber Company Barber Shop Fashion Tailor Shop (Bike/Boat/Book/etc) Store Facets58 Jewelers (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Holy Smoke BBQ Specials — 1237 Green Oak Rd, Vista, CA 92081

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.244382
    Latitude
    33.163879

    Nearby Similar for Sale

    • $700,000
      4,360 SF

      Vista Storage Facility For Sale

      Well-maintained storage facility in high-demand commercial area, Vista, CA.
      1204 Monique Court, Vista, CA 92084
      View Details
    • $2,895,000
      5,890 SF

      New Multifamily Property in Vista

      New construction four-unit multifamily property with income potential in Vista.
      490 Lado De Loma Dr #1-4, Vista, CA 92083
      View Details
    • $1,200,000
      2,400 SF

      Vista Triplex with Expansion Potential

      Value-add triplex opportunity with approved plans and ADU potential.
      615 Truly Ter, Vista, CA 92084
      View Details
    • $869,000
      1,808 SF

      Vista Duplex: Investment Opportunity

      Duplex in Vista with updated unit and tenant-occupied unit.
      627-629 N Citrus Ave., Vista, CA 92084
      View Details
    • $700,000

      Well-Maintained Storage Facility For Sale

      Turnkey storage facility in high-demand commercial area, fantastic investment.
      1204 Monique Ct, Vista, CA 92084
      View Details
    • $869,000
      1,808 SF

      Vista Duplex: Investment or Owner-Occupancy

      Duplex in downtown Vista with investment or owner-occupant potential.
      627 N Citrus Ave., Vista, CA 92084
      View Details
    • $3,444,000
      2,343 SF

      Renovated Jack in the Box Investment

      Newly renovated Jack in the Box with long-term NNN lease.
      1004 S Santa Fe Ave, Vista, CA 92084
      View Details
    • $2,895,000

      New Multifamily Property in Vista

      Turnkey 4-unit multifamily property built in 2025 with income potential.
      490 Lado De Loma Dr #1-4, Vista, CA 92083
      View Details
    • $3,250,000
      3,528 SF

      Retail Building For Sale

      Retail property with 3,528 square feet available for purchase.
      1260 E Vista Way Bldg 4, Vista, CA 92084
      View Details
    • $4,300,000
      4,000 SF

      Retail Property in Vista, CA

      Retail property available for sale in Vista, California.
      1310 E Vista Way, Vista, CA 92084
      View Details
    • $1,500,000
      60,000 SF

      Greenhouse Facility in Vista, California

      60,000 SF greenhouse on 2.36 acres in Vista.
      501 Osborne Street, Vista, CA 92084
      View Details
    • $1,275,000

      Vista Fourplex Investment Opportunity

      Fourplex with income and growth potential in Vista, California.
      1223 Monique Ct, Vista, CA 92084
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant for sale, convert to other cuisine types.
    Where is this restaurant located?
    The property is located at 1688 S Melrose Drive Vista, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Fully equipped restaurant setup included in sale.; Existing Mediterranean restaurant, ready for immediate operation.; Potential to convert to other types of cuisine.
    (760) 448-5600
    We can help!
    Listing Contact
    Seda Hovsepian
    Learn More
    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.
    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!