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    Property profile & analytics

    247 Bobier Dr Vista, CA 92084-3026

    • Assisted living facilities
    • 56,500 SF
    • 5.02 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2023
    $25,806,000
    Value Estimations
    $22,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9673707
    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

    • IRVING AARON BLOOM / Geriatric Care Provider
    • Astor / Nursing Home
    • Santa Fe Post Acute / Nursing Home
    • Neil Salvador Catudio / Physician
    • Kartik K. Kailesk Patel / Physician

    Property Details for 247 Bobier Dr

    Year built
    1990
    Lot size
    5.02 lot acres
    Property size
    56,500 SF
    Zone code
    RESTRICTED COMMERCIAL
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    173-320-26-00
    APU
    1733202600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,215,000
      Market price range: $13.5M - $22.2M
      AI Estimate
      $17,170,000
      Market price range: $2.54M - $18.5M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $17,235,000
      Current use
      RESTAURANT
      $37,045,000
      Change: +115% Conversion: Difficult
      MEDICAL BUILDING
      $26,815,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $21,570,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $18,215,000
      Change: +6% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $16,125,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.242
    Latitude
    33.2204
    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
    $340,850
    $8,000,000
    $14,500,000
    $22,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $15,755,000
      89,926 SF

      1080 Arcadia Ave

      HOMES (RETIRED, NURSING) • 89,926 SF
      1080 Arcadia Ave, Vista, CA 92084-3214
      View Details
    • Value Estimation
      $1,760,000
      6,027 SF

      1178 Evergreen Ln

      HOMES (RETIRED, NURSING) • 6,027 SF
      1178 Evergreen Ln, Vista, CA 92084-1015
      View Details
    • Value Estimation
      $1,135,000
      5,171 SF

      1266 Pleiades Dr

      HOMES (RETIRED, NURSING) • 5,171 SF
      1266 Pleiades Dr, Vista, CA 92084-6531
      View Details
    • Value Estimation by Request
      3,884 SF

      687 Riviera Ct

      HOMES (RETIRED, NURSING) • 3,884 SF
      687 Riviera Ct, Vista, CA 92084-2600
      View Details
    • Value Estimation
      $635,000
      2,402 SF

      138 Bellerive Dr

      HOMES (RETIRED, NURSING) • 2,402 SF
      138 Bellerive Dr, Vista, CA 92084-5712
      View Details
    • Value Estimation
      $785,000
      3,310 SF

      146 Sun Villa Ct

      HOMES (RETIRED, NURSING) • 3,310 SF
      146 Sun Villa Ct, Vista, CA 92084-5851
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,600 SF

      Vista Multifamily Development Opportunity

      40-unit potential, prime Vista location.
      102 Buna Pl, Vista, CA 92084
      View Details
    • $1,870,000
      127,630.00 Acres

      Vista Land with Development Potential

      Two contiguous parcels totaling approximately 2.93 acres in Vista, CA.
      2360 Lone Oak Ln, Vista, CA 92084
      View Details
    • $329,000
      1.18 Acres

      Vista Land Parcel For Sale

      1.18 acre land parcel ready for development in Vista.
      1649 San Luis Rey Ave, Vista, CA 92084
      View Details
    • $775,000
      4,360 SF

      Vista Storage Facility For Sale

      Well-maintained storage facility in high-demand commercial area, Vista, CA.
      1204 Monique Ct, Vista, CA 92084
      View Details
    • $1,250,000
      2,300 SF

      Vista Retail Center: Prime Location

      Fully Leased Retail Building, High Visibility
      759 Vista Way, Vista, CA 92084
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease with 5728 square feet.
      1040 E Vista Way, Vista, CA 92084
      View Details
    • Contact for pricing

      Retail Space in Vista, CA

      Retail/restaurant space available in multi-tenant retail strip.
      1465 East Vista Way, Vista, CA 92084
      View Details
    • Contact for pricing
      5,200 SF

      Vista Office Space Available

      Multi-tenant building with office space for rent.
      1025 Service Pl, Vista, CA 92084
      View Details
    • $1.08 SF/Yr
      1,138 SF

      Vista Office Space Available

      Office space featuring private offices, reception, and conference room.
      510 Civic Center Dr, Vista, CA 92084
      View Details
    • $19 SF/Yr
      13,228 SF

      Vista Office Space: 864 SF Available

      Prime Vista Office, Freeway Access, 2 Restrooms
      707 Civic Center Dr, Vista, CA 92084
      View Details
    • $1.25 SF/Yr
      1,000 SF

      Medical/Professional Office Suites Available

      Medical/professional office suites for lease with flexible layouts.
      840-856 Townsite Dr, Vista, CA 92084
      View Details

    Property Visit Statistics

    • Visits by month
      72.0k
    • Visitors by month
      37.5k
    • Avg Time on site
      18 min
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    247 Bobier Dr
    Vista, CA 92084-3026
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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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