735 Shadowridge DrVista, CA 92083

Property Details for 735 Shadowridge Dr

Year built

1987

Lot size

2.69 AC

Property size (Sq ft)

25,286 SF

Zone code

COMMERCIAL

Property type

Community centers

APN

217-023-66-00

APU

2170236600

Description

Village Plaza at Shadowridge, located at 735 Shadowridge Dr, Vista, CA 92083, presents a compelling investment opportunity in a thriving retail and office market. This multi-tenant property boasts a total of 26,600 square feet, currently featuring 1,458 square feet of vacant space, ideal for expansion or new tenants. The property's C-2 zoning allows for a variety of commercial uses. Its convenient location, just two blocks from the 78 Freeway, ensures excellent accessibility for both employees and customers. The surrounding area demonstrates strong demographics, with a population of 93,340 and an average household income of $105,999 within a three-mile radius, indicating a robust consumer base and potential for high occupancy rates. The property is situated near Watson Way, providing additional visibility and convenient access. This retail/office center offers a unique blend of established businesses and potential for growth, making it an attractive investment for those seeking a well-located and versatile commercial property in the vibrant Vista, California market. The existing infrastructure and strong local demographics provide a solid foundation for future success. The available vacant space presents an immediate opportunity to increase revenue and customize the property to meet specific tenant needs.

• CAP approach

  CAP return

  Valuation

  6%

  $6,485,700

  6.5%

  $5,986,800

  7%

  $5,559,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,327,520

  Geo Method

  $9,255,910

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,742,200

  Mixed-Use / Specialty

  $5,938,220

  Hospitality / Lodging

  $4,321,220

  Office

  $5,874,570

  Institutional / Educational

  $6,163,620

  Residential Income

  $7,211,430

  Multifamily

  $8,800,000

  Automotive / Energy

  $5,283,100

  Parking / Income-Based Land

  $1,850,040

  Restaurant / Food Service

  $3,030,380

  Healthcare / Senior Housing

  $6,117,460

Location Insight

City

Vista

County

San Diego

State

California

Latitude

33.1656

Longitude

-117.221

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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