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

    308 Vis Vlg Dr, Unit 26 Vista, CA 92083-4999

    • Retail space
    • 1,728 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    8.5%
    Retail space
    Location Intelligence
    Property ID
    US09-9970920
    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

    • Alpha Tax L&F Services / Income Tax Help Association / Tax Preparation Service

    Property Details for 308 Vis Vlg Dr

    Year built
    1953
    Lot size
    0.17 lot acres
    Property size
    1,728 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    164-311-10-00
    APU
    1643111000

    Description

    Exceptional developer opportunity in Vista, California. This 7,557 square foot mixed-use property, located at 308 Vista Village, sits on a 0.16-acre lot and is zoned Downtown Vista Specific Plan – West Gateway. The current zoning allows for a maximum density of 40 dwelling units per acre, potentially yielding up to 6 units. However, pursuant to the City of Vista Development Code 18.90 Residential Density Bonus Ordinance, a density bonus may be available. A project with at least five dwelling units could qualify for a density bonus of up to 35 percent, potentially increasing the allowable unit count to nine. Eligibility for the density bonus is contingent upon meeting specific requirements regarding low-income housing units as outlined in Development Code 18.90. This property presents a unique chance to create a substantial residential development in a desirable Vista location. Further details regarding density bonus requirements and low-income housing stipulations can be found in the City of Vista Development Code 18.90. The property is offered at $999,999.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $450,000
      6.5%
      $420,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $410,000
      Market price range: $246k - $700k
      AI Estimate
      $200,000
      Market price range: $95.1k - $359k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $485,000
      Current use
      WAREHOUSE, STORAGE
      $490,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $390,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.248
    Latitude
    33.1999
    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
    $4,569
    $89,239
    $267,722
    $356,961
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      13,448 SF

      1011 Santa Fe Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,448 SF
      1011 Santa Fe Ave, Vista, CA 92083-6917
      View Details
    • Value Estimation
      $555,000
      46,653 SF

      1234 Santa Fe Ave

      RETAIL STORES (PERSONAL SERVICES) • 46,653 SF
      1234 Santa Fe Ave, Vista, CA 92083-3206
      View Details
    • Value Estimation
      $495,000
      6,332 SF

      1811 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,332 SF
      1811 University Dr, Vista, CA 92083-7774
      View Details
    • Value Estimation
      $540,000
      8,818 SF

      985 Civic Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,818 SF
      985 Civic Ctr Dr, Vista, CA 92083-5247
      View Details
    • Value Estimation by Request
      1,962 SF

      511 Santa Fe Ave

      STORE, RETAIL OUTLET • 1,962 SF
      511 Santa Fe Ave, Vista, CA 92083-5937
      View Details
    • Value Estimation
      $410,000
      1,800 SF

      1930 Santa Fe Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      1930 Santa Fe Ave, Vista, CA 92083-7729
      View Details

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      Vista Contractor Storage Yards Available

      Centrally located, fenced, and secured outdoor storage yards available now.
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    Similar Nearby for Lease

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      7,588 SF

      Vista Retail Spaces Available

      Prime Vista retail spaces, 2,000-3,375 sq ft.
      0 County Sq, Vista, CA 92083
      View Details
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      6,000 SF

      Retail Space in Vista Village

      Retail spaces available for lease in Vista, California.
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      1,957 SF

      Retail Space in Vista Village

      Retail space available for lease in Vista, California.
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      3,950 SF

      Retail Space Near 78 Freeway

      Retail space with easy access and convenient parking.
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    • $1.75 SF/Yr
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      Visible Corner Retail Space Available

      Retail space with monument signage and planned facade renovation.
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      Retail Space in Vista Village

      Retail spaces available for lease in Vista, California.
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      View Details
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    Vista, CA 92083-4999
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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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