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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Retail space
2205 Melrose Dr Vista, CA 92081-6704
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6996807
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Total area
4,544 SF
Lot
0.48 ac (21,066 SF)
Zoning code
COMMERCIAL
APN
219-010-87-00
UPID
US09-6996807
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
-
Starbucks Cafe & Coffee Shop
-
Alohana Acai Bowls - Vista Restaurant
-
Hungry Bear Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
7272 Chapman LLC · 11 yrs held
7272 Chapman LLC
since 2015
7 recorded transactions
Zoning & alternative use
COMMERCIAL · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,335,000
Current use
WAREHOUSE, STORAGE
$1,290,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$229 / SF
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
$43,257
Tax year 2024
Assessed value
$3,210,817
Assessed 2024
Previous assessed
$3,210,817
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,284,327
Assessed improvement
$1,926,490
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Heating
NONE
Units
1
Total area
4,544 SF
Lot
0.48 ac (21,066 SF)
Zoning code
COMMERCIAL
APN
219-010-87-00
UPID
US09-6996807
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Vista, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
7272 Chapman LLC
Entity
Mailing address
3197 AIRPORT LOOP DR STE A, COSTA MESA, CA 92626-3424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
7272 Chapman LLC
—
Deed
related
$3,200,000 · American Family Insurance
Jan 7, 2015
$7,700,000
7272 Chapman LLC
Tmack Melrose LLC
Grant Deed
$2,700,000 · Tmack Melrose LLC
Oct 10, 2012
—
Tmack Melrose LLC
—
Deed Of Trust
related
$1,640,767 · Herrick Family Trust (pt)
Sep 27, 2012
—
Tmack Melrose LLC
—
Deed Of Trust
related
$3,450,000 · Torrey Pines Bank
Jan 23, 2009
—
Tmack Melrose LLC
—
Trustees Deed
related
$3,935,000 · Temecula Valley Bank NA
Jul 31, 2007
—
Tmack Melrose LLC
Liberty Family Ptshp
Grant Deed
$2,100,000 · California Bank & Trust
—
—
7272 Chapman LLC
—
Deed Of Trust
related
$3,500,000 · Miscellaneous Ins Co
—
—
Tmack Melrose LLC
—
Deed Of Trust
related
$900,000 · Temecula Valley Bank NA
—
—
Tmack Melrose LLC
—
Deed Of Trust
related
$707,200 · Temecula Valley Bank NA
—
—
Tmack Melrose LLC
—
Deed Of Trust
related
$1,100,000 · Temecula Valley Bank NA
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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