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    Property profile & analytics

    2651 La Mirada Dr Vista, CA 92081

    • Warehouses
    • 24,637 SF
    • 1.56 lot acres
    For Sale
    View listing
    Last Sale
    Mar 02, 2022
    $7,765,000
    Value Estimations
    Cap Rate Potential
    4.3%
    Warehouses
    Location Intelligence
    Property ID
    US09-9689891
    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

    • Optylux Group Inc / Medical Supply Store

    Property Details for 2651 La Mirada Dr

    Year built
    1989
    Lot size
    1.56 lot acres
    Property size
    24,637 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Warehouses
    APN
    217-253-14-00
    APU
    2172531400

    Description

    This exceptional 37,766-square-foot industrial property, located at 2651 La Mirada Drive in Vista, California (zip code 92081), presents a significant opportunity for businesses seeking a versatile and spacious facility. Situated on a 1.56-acre lot within the North San Diego submarket, this single-tenant building offers a two-story layout with a remarkable 24-foot ceiling height. The property boasts excellent access for loading and unloading, featuring two dock-high doors and two drive-in doors. Ample parking is provided with 69 spaces available. The building is currently vacant and ready for immediate occupancy. Electrical service is robust, featuring 1,200 amps of 480/277V power. The property's zoning is designated as SPI, making it suitable for a variety of manufacturing, flex, warehouse, distribution, R&D, and lab uses. Its location in the Vista submarket of San Diego County offers convenient access to major transportation arteries and a skilled workforce. This property is an excellent choice for companies seeking a functional and strategically located industrial space in a thriving area. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,935,000
      ML approach
      $8,095,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,705,000
      6.5%
      $5,265,000
      7%
      $4,890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,949,000
      Market price range: $4.28M - $10.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.221
    Latitude
    33.1505
    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
    $93,097
    $3,121,200
    $4,957,506
    $8,078,706
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,165,000
      95,252 SF

      1300 Specialty Dr

      WAREHOUSE, STORAGE • 95,252 SF
      1300 Specialty Dr, Vista, CA 92081-8502
      View Details
    • Value Estimation
      $645,000
      14,916 SF

      2470 Coral St

      WAREHOUSE, STORAGE • 14,916 SF
      2470 Coral St, Vista, CA 92081-8430
      View Details
    • Value Estimation
      $1,395,000
      75,141 SF

      2835 La Mirada Dr

      WAREHOUSE, STORAGE • 75,141 SF
      2835 La Mirada Dr, Vista, CA 92081-8457
      View Details
    • Value Estimation
      $8,940,000
      32,512 SF

      2525 Birch St

      WAREHOUSE, STORAGE • 32,512 SF
      2525 Birch St, Vista, CA 92081-8433
      View Details
    • Value Estimation
      $5,395,000
      22,536 SF

      2641 La Mirada Dr

      WAREHOUSE, STORAGE • 22,536 SF
      2641 La Mirada Dr, Vista, CA 92081-8435
      View Details
    • Value Estimation
      $625,000
      9,622 SF

      1198 Joshua Way

      WAREHOUSE, STORAGE • 9,622 SF
      1198 Joshua Way, Vista, CA 92081-7836
      View Details

    Similar Nearby for Sale

    • $10,000,000
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      Vista Headquarters/Manufacturing Facility For Sale

      33,804 SF headquarters/manufacturing facility on 1.76 acres.
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    • $2,272,500
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    • $6,632,000
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      Freestanding Manufacturing/Distribution Building For Sale

      29,475 SF freestanding building with fenced yard in Vista.
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    • $2,000,000
      5,288 SF

      End Unit Industrial Condo

      Industrial condo with grade-level loading access in Vista, California.
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    • $2,000,000
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      Industrial Condo in Vista Business Park

      End unit industrial condo in ideal Vista Business Park location.
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      Industrial Warehouse in Vista, CA

      13,309 SF industrial warehouse available for sale.
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      View Details

    Similar Nearby for Lease

    • $1.55 SF/Yr
      4,200 SF

      Climate Controlled Industrial Suite

      4,200 SF industrial suite with climate control and easy access.
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      View Details
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      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
    • $1.39 SF/Yr
      2,400 SF

      Industrial Suite Available For Rent

      2,400 SF industrial suite available 6/1/2025.
      1230-1236 Activity Dr, Vista, CA 92081
      View Details
    • $1.95 SF/Yr
      1,240 SF

      Vista Flex Space For Lease

      Flex space units available for lease in Vista, California.
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      View Details
    • $20 SF/Yr
      1,456 SF

      Vista Warehouse Space Available

      1,551 SF warehouse space for lease in Vista, CA.
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      View Details
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    2651 La Mirada Dr
    Vista, CA 92081
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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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