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Property profile & analytics
OFF-MARKET
Warehouses
1340 Melrose Dr Vista, CA 92083-2916
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9662078
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
2021
Total area
6,730 SF
Lot
3.32 ac (144,619 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
161-071-23-00
UPID
US09-9662078
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
U-Stor-It Self Storage - Vista Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1340 N Melrose Drive Owner LLC · 1 yrs held
1340 N Melrose Drive Owner LLC
since 2025
Last sale
$24.4M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vista submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$387,281
Tax year 2024
Assessed value
$35,373,600
Assessed 2024
Previous assessed
$35,373,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$14,565,600
Assessed improvement
$20,808,000
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
2021
Heating
NONE
Units
1
Total area
6,730 SF
Lot
3.32 ac (144,619 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
161-071-23-00
UPID
US09-9662078
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Vista, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Vista, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vista. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Units
1
Lot
3.32 ac
Current owner
From public records · entity-resolved
1340 N Melrose Drive Owner LLC
Entity
Mailing address
3501 JAMBOREE RD STE #4200, NEWPORT BEACH, CA 92660-2958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
—
1340 N Melrose Drive Owner LLC
—
Deed
related
$19,600,000 · Us Bank NA
Jan 29, 2025
$24,430,000
1340 N Melrose Drive Owner LLC
Bsp Ss Melrose LLC
Grant Deed
—
Dec 15, 2021
$34,000,000
Bsp Ss Melrose LLC
U Stor It Vista LLC
Grant Deed
$20,900,000 · Bank Of The West
Jan 9, 2020
$8,400,000
U Stor It Vista LLC
D And R Property Management LLC
Grant Deed
$12,616,000 · Tcf National Bank
Jan 17, 2014
—
D & R Property Management LLC
Henline Douglas E 1997 Trust
Quit Claim Deed
related
—
Aug 28, 2002
—
Henline,tr
Melrose Business Center LP
Grant Deed
related
—
—
—
Henline Douglas E 1997 Trust
—
Deed Of Trust
related
$2,900,000 · California Bank & Trust
—
—
Henline,tr
—
Deed Of Trust
related
$2,528,000 · California Bank & Trust
—
—
Henline,tr
—
Deed Of Trust
related
$962,000 · Cdc Small Business Finance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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