Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1601 Melrose Dr Vista, CA 92081

    Sponsored
    For Lease
    Contact for pricing

    Prime Vista retail space, multiple suites available.

    Lot size:
    136,672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    Melrose Village Plaza, located at 1601 S Melrose Dr in Vista, CA 92081, presents a significant retail opportunity in San Diego County. This established center offers a total of 136,672 square feet of commercial space, divided into eight suites. The property sits on a generous 12-acre lot, providing ample parking and visibility. Currently, there are 23,269 square feet of vacant space available for lease, offering flexibility for businesses of various sizes. Individual suites range from a minimum of 1,020 square feet to a maximum contiguous space of 7,285 square feet, catering to a diverse range of tenants. The property's location in Vista, California, provides excellent access to a thriving community and strong consumer base. This is an ideal opportunity for businesses seeking high-traffic retail space in a well-established center. The property is classified as retail commercial with multiple tenancies. Interested parties are encouraged to inquire about lease terms and available spaces. The property's address is easily accessible and benefits from high visibility along S Melrose Dr. This is a rare opportunity to secure prime retail space in a desirable San Diego County location.

    Property Features for 1601 Melrose Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    136,672 SF

    Unit(s) available at that property

    Space
    Suite 18
    Size
    2,800 SF
    Space
    Suite 25
    Size
    1,218 SF
    Space
    Suite 26
    Size
    1,020 SF
    Space
    Suite 32
    Size
    6,824 SF
    Space
    Suite 42
    Size
    1,440 SF
    Space
    Suite 43
    Size
    1,282 SF
    Space
    Available 21
    Size
    7,285 SF
    Space
    Suite 10
    Size
    1,400 SF

    HighLights

    • 136,672 SF retail center on a 12‑acre lot in Vista, CA, with 23,269 SF of available space.
    • Located two miles south of CA‑78 Freeway, offering high visibility and traffic counts.
    • Serves affluent communities of Vista, Oceanside, and Carlsbad.
    • Anchored by Albertsons, CVS Pharmacy, and Dollar Tree, with average household incomes of $140,255 (1‑mile radius) and $135,167 (3‑mile radius).
    Property Profile Location Intelligence

    Current Use by Public Records

    EVgo Charging Station Electric Vehicle Charging Station Starbucks Coffee Shop Albertsons Bakery Bakery Redbox Movie Rental Kiosk KeyMe Locksmiths Key Duplication Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.2474028
    Latitude
    33.1659525

    Nearby Similar for Lease

    • Contact for pricing
      719 SF

      Vista Retail Space Available

      723 SF retail space ideal for coffee or drive-thru.
      1805 Hacienda Dr, Vista, CA 92081
      View Details
    • $350 /Mo
      17,577 SF

      Vista Office and Meeting Space

      Office and meeting space for lease in Vista, CA.
      450 S Melrose Dr Vis, Vista, CA 92081
      View Details
    • Contact for pricing
      24,000 SF

      Flex Space with Labs and Warehouse

      Flex space featuring labs, warehouse, and renovated restrooms.
      1396 Poinsettia Ave, Vista, CA 92081
      View Details
    • $18 SF/Yr
      2,240 SF

      Santa Fe Ave. Industrial Units

      Flexible Spaces, Prime Location
      2502 Santa Fe Ave, Vista, CA 92084
      View Details
    • $1.25 SF/Yr
      103,000 SF

      Vista Commerce Center Industrial Space

      103,000 SF industrial space in Vista, CA for lease.
      2633 Progress St, Vista, CA 92081
      View Details
    • $1.95 SF/Yr
      1,240 SF

      Vista Flex Space For Lease

      Flex space units available for lease in Vista, California.
      2588 Progress St, Vista, CA 92081
      View Details
    • $28 SF/Yr
      12,133 SF

      Vista Medical Office Space

      Prime Vista location, 3 suites available.
      161 Thunder Dr, Vista, CA 92083
      View Details
    • Contact for pricing
      50,090 SF

      Vista Warehouse with Dock Loading

      52,090 SF warehouse with dock and grade-level loading.
      2611 Island View Way, Vista, CA 92081
      View Details
    • Contact for pricing
      37,766 SF

      Vista Industrial Property: 37,766 SF

      Prime Vista manufacturing/flex space. Ideal for diverse industrial uses.
      2651 La Mirada Dr, Vista, CA 92081
      View Details
    • Contact for pricing

      Commercial Building Ready For Rent

      Commercial building with high traffic exposure, suitable for various businesses.
      626 Civic Center Dr, Vista, CA 92084
      View Details
    • $1.65 SF/Yr
      71,834 SF

      Vista Flex Space Available Soon

      Flex space with office improvements available December 1, 2024.
      980 Park Center Dr, Vista, CA 92081
      View Details
    • $790,000

      Professional Office Building on Large Lot

      Small office building near Vista Village with high visibility.
      950 Vista Village Dr, Vista, CA 92084
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Vista retail space, multiple suites available.
    Where is this retail property located?
    The property is located at 1601 Melrose Dr Vista, CA.
    What are key features of this property?
    This property features: 136,672 SF retail center on a 12-acre lot in Vista, CA, with 23,269 SF of available space.; Located two miles south of CA-78 Freeway, offering high visibility and traffic counts.; Serves affluent communities of Vista, Oceanside, and Carlsbad.
    Request Owner's contact information
    1601 Melrose Dr Vista, CA 92081
    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.
    1601 Melrose Dr
    Vista, CA 92081
    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
    1601 Melrose Dr Vista, CA 92081
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.