Vista Commercial Condo For
For Sale
$328,000
2598 Fortune Way B, Vista, CA 92081
Industrial commercial condo in Vista, near San Diego and Orange County.
Property Size725 SF
Price / SF$452.41
Days on Market219
Property Features for 2598 Fortune Way B
General Information
Standard status
Active
Size
725 SF
Listing Agency:
Mark 1 Real Estate, Inc.
Listed By:
Teri Heuer · License #01202023
(951) 640-2923
Source:
Myfabuloushome
Added: Mar 10
Changed: Sep 13
Last Checked: Oct 7 at 1:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark 1 Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in Fortune Way Business Park in Vista, California, this industrial commercial condo offers convenient access to both San Diego and South Orange County. The building includes a front door entrance and a roll-up door that provides access to the warehouse area. The warehouse provides storage space on both levels, but it is not suitable for vehicle storage. The main entry area features a reception area, a break room, and a bathroom. An office space situated between the entry and the warehouse can accommodate a couple of desks or function as a small showroom. The grounds are well-maintained by the owner association. The business park is located at the end of a cul-de-sac. This unit is a half unit that doesn’t extend from front to back. Long-term tenants currently occupy the property; please do not disturb them.
Key Highlights
- Convenient location near San Diego and South Orange County
- Two entrances: front door and roll‑up door to warehouse
- Includes reception area, break room, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,944
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,880
$298.9K
Cap Rate 7%
$213,486
$213.5K
Cap Rate 9%
$166,044
$166.0K
Market Conditions
NOI Build-Up for 725 SF
Gross rent
$26.8K $36.96/SF
− Vacancy
−$3.8K −$5.25/SF
EGI
$23.0K $31.71/SF
− OpEx
−$8.0K −$11.10/SF
NOI
$14.9K $20.61/SF
Area
San Diego County, CA
Vacancy
14.20%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,880
Cap Rate 7%
$213,486
Cap Rate 9%
$166,044
Alternative Uses
Best Use
Flex RnD
$213.5K
$186.8K – $249.1K
NOI $14,944 @ 7.0% cap · market cap 4.56%
Second Best
Industrial
$118.5K
$103.7K – $138.3K
NOI $8,295 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$332.2K
$290.7K – $387.5K
NOI $23,252 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92081, CA
28,745
Population
11,075
Households
2.6
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
8.9 sq mi
ZIP Area
3,230
Density / Sq Mi
$102,663
Median Household Income
$53,871
Median Earnings
$2,393
Median Rent
$774,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial commercial condo in Vista, near San Diego and Orange County.
Where is this flex space located?
The property is located at 2598 Fortune Way B Vista, CA.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: Convenient location near San Diego and South Orange County; Two entrances: front door and roll‑up door to warehouse; Includes reception area, break room, and bathroom
