Rancho Buena Vista Office
For Sale
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122 Civic Center Dr, Vista, CA 92084
Second floor office condo in Rancho Buena Vista for sale.
Property Size3,000 SF
Price / SF$283.33
Days on Market1146
Property Features for 122 Civic Center Dr
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Tenancy
Multi
Listing Agency:
Lee & Associates - San Diego
Listed By:
Rick Chatham · License #02101796
(858) 713-9333
Source:
Crexi
Added: Aug 19, 2023
Changed: Oct 4
Last Checked: Oct 5 at 3:22PM
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 Lee & Associates - San Diego
Investment Insights
Based on property information with market context.
This 3,000 square foot second-floor office condo, divisible into two suites of 2,000 and 1,000 square feet, is located in Rancho Buena Vista within a 14,508 square foot two-story multi-tenant office building. The property features current tenants in place, providing an income stream pending buyer move-in. Abundant parking is available. The location benefits from high traffic counts on Civic Center Drive, with 31,400 cars per day. It is situated across the street from the new $50 million Vista City Hall and adjacent to Wildwood Park and the Vista Conservancy Nature Trail, overlooking Rancho Buena Vista Adobe & Gardens. Please note that access is via walk-up, with no elevator access.
Key Highlights
- High traffic location on Civic Center Drive (31,400 cars per day)
- Divisible to two suites (2,000 SF & 1,000 SF)
- Current tenants in place providing income stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,417
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,340
$1.4M
Cap Rate 7%
$991,671
$991.7K
Cap Rate 9%
$771,300
$771.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$108.0K $36.00/SF
− Vacancy
−$15.4K −$5.15/SF
EGI
$92.6K $30.85/SF
− OpEx
−$23.1K −$7.71/SF
NOI
$69.4K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,340
Cap Rate 7%
$991,671
Cap Rate 9%
$771,300
Alternative Uses
Best Use
Office B
$991.7K
$867.7K – $1.16M
NOI $69,417 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,215 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,845
Businesses Nearby
Explore this area
Business Placement
Demographics for 92084, CA
49,941
Population
15,712
Households
3.2
Avg Household Size
37
Median Age
27%
College-Educated
83%
High-School Grad
28.3 sq mi
ZIP Area
1,765
Density / Sq Mi
$97,410
Median Household Income
$42,000
Median Earnings
$1,936
Median Rent
$745,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Second floor office condo in Rancho Buena Vista for sale.
Where is this office units located?
The property is located at 122 Civic Center Dr Vista, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High traffic location on Civic Center Drive (31,400 cars per day); Divisible to two suites (2,000 SF & 1,000 SF); Current tenants in place providing income stream
