Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    815 3Rd Ave Chula Vista, CA 91911

    Sponsored
    For Sale
    $4,250,000

    Commercial Sale - Chula Vista, CA

    Property size:
    26,094 SF
    Days on Market:
    7
    Last Refresh:
    Jan 19 at 11:06 am

    Property Features for 815 3Rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL- C-1 Corridor District Chu...
    APN
    5734605400
    Size
    26,094 SF

    Building Details

    Year built
    1973
    Architectural style
    Other

    We can help!

    Listing Contact
    Minerva Garcia

    Coldwell Banker West (619) 737-2126 [email protected]

    Listing agent Minerva Garcia (619) 271-9500 License #01301915

    Listing date Jan 13, 2026

    MLS# PTP2600389 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Chula Vista Commercial Redevelopment Opportunity

    Located in the Downtown Chula Vista submarket of San Diego County, the multi-tenant commercial property at 815 Third Avenue presents a value-add or redevelopment opportunity. Situated along Third Avenue, a primary commercial corridor and the city's historic and economic center, the property features a mix of small office and service-oriented tenants. The existing tenancy profile provides near-term income with potential for repositioning through lease-up, rent optimization, re-tenanting, or redevelopment, subject to buyer due diligence and municipal approvals. Existing tenants occupy the property on a month-to-month basis, allowing a new owner to implement leasing, re-tenanting, renovation, or redevelopment plans without long-term lease encumbrances. The property is zoned COMMERCIAL- C-1 Corridor District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cooper Andrew PHD Psychologist Tax Medic Tax Preparation Service Abigail and Antonio’s Auto ... Medical Lawyer Chula Vista Psychological ... Psychologist Dr. Don Miller Psychologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.072285
    Latitude
    32.623516

    Nearby Similar for Sale

    • $1,385,000
      3,391 SF

      Chula Vista Multi-Unit Property

      Multi-unit property ideal for rental income or multi-generational living.
      1116 2Nd Ave, Chula Vista, CA 91911
      View Details
    • New
      $1,899,000
      3,350 SF

      New Construction Investment Opportunity

      New 4-unit property in Chula Vista's dynamic neighborhood.
      586 Roosevelt St, Chula Vista, CA 91910
      View Details
    • $949,000
      1,250 SF

      Chula Vista Multifamily Investment

      Well-maintained duplex near Gaylord Pacific Resort. FHA & VA approved!
      835 Colorado Ave, Chula Vista, CA 91911
      View Details
    • $1,699,000
      0.20 Acres

      Four-Unit Property with Expansion Potential

      Four units with potential for four more, near Bayfront.
      520 Glover Ave, Chula Vista, CA 91910
      View Details
    • $700,000
      130,983 SF

      Chula Vista Flex Space

      Flex space in Eastlake Business Park, Chula Vista.
      861 Harold Pl, Chula Vista, CA 91914
      View Details
    • $945,000
      1,560 SF

      Upgraded Duplex in Prime Location

      Remodeled Chula Vista duplex with private yards and income potential.
      145 Glenhaven Way, Chula Vista, CA 91911
      View Details
    • $3,749,000
      10,151 SF

      Chula Vista Warehouse Opportunity

      Warehouse in a desirable Chula Vista location, newer building.
      2434 Fenton St, Chula Vista, CA 91914
      View Details
    • Contact for pricing

      Chula Vista Executive Offices

      Executive offices in a vibrant Eastlake, Chula Vista location.
      809 Bowsprit Rd, Chula Vista, CA 91914
      View Details
    • $2,300,000
      5,765 SF

      Chula Vista Church/Specialty Property

      Three contiguous industrial/flex units used as a house of worship.
      861 Harold Pl, Chula Vista, CA 91914
      View Details
    • $1,350,000
      4,077 SF

      Chula Vista Triplex Opportunity

      Triplex suitable for investment or multi-generational living.
      478 Moss St, Chula Vista, CA 91911
      View Details
    • $175,000
      768 SF

      Remodeled Home in Senior Community

      High-end, fully remodeled one-bedroom home in a premier senior community.
      1925 Otay Lakes Rd, Chula Vista, CA 91913
      View Details
    • $789,900
      1,828 SF

      Large Corner Townhouse in Otay Ranch

      Spacious 4-bedroom townhouse in a desirable Otay Ranch community.
      1390 Santa Victoria Rd, Chula Vista, CA 91913
      View Details

    FAQs

    What type of property is this?
    Office space - Multi-tenant commercial property in Downtown Chula Vista's historic center.
    Where is this office space located?
    The property is located at 815 3Rd Ave Chula Vista, CA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Prime location on Third Avenue, the historic and economic center of Downtown Chula Vista.; - Value-add or redevelopment opportunity with potential for increased income.; - Month-to-month tenant leases provide flexibility for immediate implementation of new plans.
    (619) 271-9500
    Request Owner's contact information
    815 3Rd Ave Chula Vista, CA 91911
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    815 3Rd Ave
    Chula Vista, CA 91911
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    815 3Rd Ave Chula Vista, CA 91911
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Minerva Garcia
    Real Estate License ID: 01301915
    (619) 271-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.