Vista Commercial Condo For
2598 Fortune Way Unit B Vista, CA 92081
2598 Fortune Way Unit B, Vista, CA, 92081
$328,000
For Sale
$328,000
Industrial commercial condo in Vista's Fortune Way Business Park.
Property Size725 SF
Price / SF$452.41
Days on Market2582
Property Features for 2598 Fortune Way Unit B
General Information
- Standard status
- Active
- Size
- 725 SF
- Property subtype
- Industrial
Listing Agency
Mark 1 Real Estate, Inc.
(714) 752-5718
Listed by
Teri Heuer · License #01202023
Source
Xome
Added: Jun 24, 2019 Checked: Jul 17 at 2:23 am
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 the Fortune Way Business Park in Vista, California, this industrial commercial condo offers convenient access to both San Diego and South Orange County. The property features two entrances: a front door and a roll-up door that leads to the warehouse area. The warehouse includes storage space on both levels, but it is not designed to accommodate a vehicle. The main entry area comprises 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, similar to the other end unit in the complex, is a half unit and does not extend from front to back like the other units. The property has long-term tenants.
Key Highlights
- Convenient location in Vista, CA, near San Diego and South Orange County.
- Industrial commercial condo in Fortune Way Business Park.
- Two entrances: front door and roll‑up door to warehouse.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $36.00 |
| − Vacancy | −$3.7k | −$5.15 |
| EGI | $22.4k | $30.85 |
| − OpEx | −$5.6k | −$7.71 |
| NOI | $16.8k | $23.14 |
725 SF · lease $36.00/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$239.7K
$209.7K – $279.6K
NOI $16,776 @ 7.0% cap · market cap 5.11%
Second Best
Warehouse
$143.9K
$125.9K – $167.9K
NOI $10,072 @ 7.0% cap · market cap 3.07%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Genius Power & Magic
Marketing & Advertising
Aspect Machining
Industrial Manufacturer
Blue Sky Energy
Production Facility
Cability Inc.
Corporate Office
Anytyme Plumbing, Heating ...
Plumbing Service
Similar For Sale Nearby
Similar Off Market Nearby
- Compass Collective — 2595 Fortune Way, Vista, CA 92081
- Cymer LLC Warehouse — 1 Viper Way Suite A, Vista, CA 92081
- Prep FBA — 2465 Coral St, Vista, CA 92081
FAQs
What type of property is this?
Warehouse - Industrial commercial condo in Vista's Fortune Way Business Park.
Where is this warehouse located?
The property is located at 2598 Fortune Way Unit 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 in Vista, CA, near San Diego and South Orange County.; Industrial commercial condo in Fortune Way Business Park.; Two entrances: front door and roll‑up door to warehouse.
