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Property profile & analytics
OFF-MARKET
Warehouses
2620 Commerce Way Vista, CA 92081-8438
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9680770
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
9,999 SF
Lot
9.41 ac (409,899 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
219-024-26-00
UPID
US09-9680770
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
-
Burger Construction General Contractor
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
Commerce Way Owner LLC · 4 yrs held
Commerce Way Owner LLC
since 2021
Last sale
$58.8M
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
$678,472
Tax year 2024
Assessed value
$61,123,500
Assessed 2024
Previous assessed
$61,123,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$21,328,200
Assessed improvement
$39,795,300
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Units
1
Total area
9,999 SF
Lot
9.41 ac (409,899 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
219-024-26-00
UPID
US09-9680770
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
1999
Heating
NONE
Units
1
Lot
9.41 ac
Current owner
From public records · entity-resolved
Commerce Way Owner LLC
Entity
Mailing address
30 HUDSON YARDS FL #75, NEW YORK, NY 10001-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 14, 2025
—
Commerce Way Owner II LLC
—
Deed
related
—
Dec 17, 2021
—
Commerce Way Owner II LLC
—
Deed
related
$42,450,000 · Invesco Cmi Investments Cb Seller LLC
Nov 10, 2021
$58,750,000
Commerce Way Owner LLC
Westcore Cg Commerce LLC
Grant Deed
—
Feb 3, 2020
—
Westcore Cg Commerce LLC
—
Deed
related
—
Jan 8, 2020
$26,400,000
Westcore Cg Commerce LLC
Gre Commerce Way LP
Grant Deed
—
Dec 22, 2010
—
Gre Commerce Way LP
—
Deed Of Trust
related
$45,000,000 · Bank Of America
Jul 8, 2005
—
Whitaker Family Trust
Vch No 1
Grant Deed
$11,700,000 · Unum Life Insurance Co
Oct 19, 1998
—
Vch No 1 LP
—
Grant Deed
related
$8,200,000 · Wells Fargo Bank
Sep 8, 1995
$2,470,000
Whammy INC
Larwin Rosedale Properties
Trustees Deed
—
—
—
Hamann Trust
—
Deed Of Trust
related
$492,534 · Grossmont Bank
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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