Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1851 University Dr Vista, CA 92083-7774

    • Community centers
    • 17,556 SF
    • 1.76 lot acres
    OFF-MARKET
    Value Estimations
    $3,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9662125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • UPS Access Point location / Courier Service / Postal Service
    • Michaels / Home Decor Store / Department Store
    • Michaels Custom Framing / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 1851 University Dr

    Year built
    1996
    Lot size
    1.76 lot acres
    Property size
    17,556 SF
    Zone code
    COMMERCIAL
    Property type
    Community centers
    APN
    183-431-30-00
    APU
    1834313000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,171,000
      Market price range: $807k - $3.68M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.217
    Latitude
    33.1699
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $64,789
    $2,210,000
    $3,390,000
    $5,600,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,390,000
      6,796 SF

      1711 University Dr

      MINI-MALL • 6,796 SF
      1711 University Dr, Vista, CA 92083-7794
      View Details
    • Value Estimation
      $2,305,000
      9,999 SF

      1751 University Dr

      MINI-MALL • 9,999 SF
      1751 University Dr, Vista, CA 92083-7775
      View Details
    • Value Estimation
      $6,475,000
      25,286 SF

      735 Shadowridge Dr, Unit 85

      MINI-MALL • 25,286 SF
      735 Shadowridge Dr, Vista, CA 92083-7997
      View Details
    • Value Estimation
      $1,585,000
      8,080 SF

      1841 University Dr

      MINI-MALL • 8,080 SF
      1841 University Dr, Vista, CA 92083-7793
      View Details
    • Value Estimation
      $11,205,000
      27,200 SF

      1831 University Dr

      MINI-MALL • 27,200 SF
      1831 University Dr, Vista, CA 92083-7774
      View Details
    • Value Estimation
      $9,445,000
      38,060 SF

      1990 University Dr

      MINI-MALL • 38,060 SF
      1990 University Dr, Vista, CA 92083-7773
      View Details

    Similar Nearby for Sale

    • $2,100,000
      1,055 SF

      Vista 76 Gas Station Investment

      High-return NNN gas station, strong tenant.
      485 Melrose Dr, Vista, CA 92083
      View Details
    • Contact for pricing

      High-Traffic Commercial Land Available

      Commercial land with high visibility and traffic in Vista, CA.
      West Dr, Vista, CA 92083
      View Details
    • Contact for pricing

      Vista Contractor Storage Yards Available

      Centrally located, fenced, and secured outdoor storage yards available now.
      North Ave, Vista, CA 92083
      View Details
    • $85,000

      Home in 55+ Community

      Home in a 55+ community with many amenities.
      718 Sycamore Ave, Vista, CA 92083
      View Details
    • $2,750,000
      1.29 Acres

      Downtown Vista Multifamily Land

      Prime Vista development land, 36 units permitted.
      1304 Santa Fe Ave, Vista, CA 92083
      View Details
    • Contact for pricing
      26,535 SF

      Vista Medical Office Plaza

      Class B Medical Office, 26,535 SF
      2095 Vista Way, Vista, CA 92083
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,652 SF

      Retail Space in Vista Village

      Retail spaces available for lease in Vista, California.
      35 Main St, Vista, CA 92083
      View Details
    • Contact for pricing

      Retail Space Near Interstate 78

      Neighborhood shopping center anchored by Smart & Final Extra!
      1839 West Vista Way, Vista, CA 92083
      View Details
    • Contact for pricing
      1,704 SF

      Retail Space in Vista Village

      Retail spaces available for lease in Vista, California.
      20 Main St, Vista, CA 92083
      View Details
    • $0.15 SF/Yr
      22,277 SF

      Retail Space with Monument Signage

      Retail property featuring monument signage and planned facade renovation.
      1031-33 S Santa Fe Ave, Vista, CA 92083
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Vista Village

      Retail spaces available for lease in Vista, California.
      307 Vista Village Dr, Vista, CA 92083
      View Details
    • Contact for pricing
      92,000 SF

      Freestanding Anchor Building For Lease

      92,000 SF freestanding building with redevelopment potential.
      650 Sycamore Ave, Vista, CA 92083
      View Details

    Property Visit Statistics

    • Visits by month
      23.8k
    • Visitors by month
      42.1k
    • Avg Time on site
      20 min
    Request Owner's contact information
    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.
    1851 University Dr
    Vista, CA 92083-7774
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!