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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2231 La Mirada Dr Vista, CA 92081-8828

    • Manufacturing properties
    • 4,811 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2020
    $1,600,000
    Value Estimations
    $1,655,000
    Show details
    Cap Rate Potential
    2.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-9668867
    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

    • Manufacturing properties

    Property Details for 2231 La Mirada Dr

    Year built
    1993
    Lot size
    0.93 lot acres
    Property size
    4,811 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    219-531-02-00
    APU
    2195310200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,065,000
      ML approach
      $2,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,797,000
      Market price range: $891k - $1.80M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,250,000
      Current use
      MEDICAL BUILDING
      $2,285,000
      Change: +82% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,835,000
      Change: +47% Conversion: Easy
      RETAIL STORES
      $1,415,000
      Change: +13% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,365,000
      Change: +9% Conversion: Easy
      OFFICE BUILDING
      $1,080,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.232
    Latitude
    33.1527
    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
    $19,551
    $756,000
    $794,000
    $1,550,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,220,000
      29,475 SF

      2425 La Mirada Dr

      MANUFACTURING (LIGHT) • 29,475 SF
      2425 La Mirada Dr, Vista, CA 92081-8429
      View Details
    • Value Estimation
      $5,955,000
      56,259 SF

      2685 Melrose Dr

      MANUFACTURING (LIGHT) • 56,259 SF
      2685 Melrose Dr, Vista, CA 92081-8783
      View Details
    • Value Estimation
      $1,855,000
      9,999 SF

      1335 Park Ctr Dr

      MANUFACTURING (LIGHT) • 9,999 SF
      1335 Park Ctr Dr, Vista, CA 92081-8357
      View Details
    • Value Estimation
      $15,750,000
      90,400 SF

      1205 Park Ctr Dr

      MANUFACTURING (LIGHT) • 90,400 SF
      1205 Park Ctr Dr, Vista, CA 92081-8313
      View Details
    • Value Estimation
      $3,420,000
      32,390 SF

      2630 Progress St

      MANUFACTURING (LIGHT) • 32,390 SF
      2630 Progress St, Vista, CA 92081-8412
      View Details
    • Value Estimation
      $1,305,000
      12,036 SF

      2475 Coral St

      MANUFACTURING (LIGHT) • 12,036 SF
      2475 Coral St, Vista, CA 92081-8434
      View Details

    Similar Nearby for Sale

    • $10,000,000
      33,804 SF

      Vista Headquarters/Manufacturing Facility For Sale

      33,804 SF headquarters/manufacturing facility on 1.76 acres.
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    • Contact for pricing
      37,766 SF

      Vista Industrial Flex Space - 37,766 SF

      Prime Vista industrial building, vacant, owner-user opportunity.
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    • $6,632,000
      29,475 SF

      Freestanding Manufacturing/Distribution Building For Sale

      29,475 SF freestanding building with fenced yard in Vista.
      2425 La Mirada Dr, Vista, CA 92081
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    • $2,272,500
      6,060 SF

      Single Tenant Vista Warehouse

      6,060 SF single tenant building with fenced parking.
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    • $4,415,000
      14,973 SF

      Vista Flex/Industrial Space Available

      Flex/Industrial property with 14,973 square feet available for sale.
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      15,472 SF

      Vista Flex Space Available

      Flex space available in Vista, CA, August 1, 2025.
      2320 Cousteau Ct, Vista, CA 92081
      View Details

    Similar Nearby for Lease

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      Vista Business Park Office Space

      Modern San Diego County office/industrial suites.
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      View Details
    • Contact for pricing
      68,935 SF

      Vista Manufacturing Facility - 68,935 SF

      Large industrial space, ideal for manufacturing. Prime Vista location.
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      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
    • $1.55 SF/Yr
      4,200 SF

      Climate Controlled Industrial Suite

      4,200 SF industrial suite with climate control and easy access.
      2449 Cades Way, Vista, CA 92081
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    • $1.60 SF/Yr
      2,651 SF

      Warehouse Space Near Carlsbad Border

      Warehouse space with EV charging, convenient Carlsbad/Vista location.
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      View Details
    • Contact for pricing
      37,445 SF

      Functional Industrial Space Available

      Industrial property with office space and concrete truck aprons.
      2765 Progress St, Vista, CA 92081
      View Details
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    Vista, CA 92081-8828
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    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
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