Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 SE Corner 3rd Ave Chula Vista, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1.24 AC commercial land for ground lease in Chula Vista.

    Type:LAND
    Lot size:
    1.24 Acres
    Added:
    Apr 10, 2024
    Days on Market:
    748
    Last Refresh:
    Apr 5 at 11:19 pm

    Property Features for 0 SE Corner 3rd Ave

    General Information

    Standard status
    Active
    Lot size
    1.24 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 0 SE Corner 3rd Ave Contact us

    We can help!

    Listing Contact
    Scott Duhs

    Listing agent Scott Duhs

    Listing office Duhs Commercial

    Listing date Apr 10, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Duhs Commercial

    Overview

    Chula Vista Commercial Land Lease

    This commercial land is available for ground lease. The gross land area is 1.24 acres. The property is located along 3rd Avenue, directly in front of UEI Vocational College, in the heart of Chula Vista's commercial area. It is a highly visible pad location with abundant reciprocal onsite parking. The site is adjacent to a major 4-way signalized intersection, providing excellent ingress and egress and transit access. The property has CC zoning, which allows for mixed-use commercial and residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.085
    Latitude
    32.6501

    Nearby Similar for Lease

    • $5,400/Mo

      Industrial Space with Office & Showroom

      Versatile commercial space with warehouse, office, and showroom areas.
      3521 Main Street Unit 504, Chula Vista, CA 91911
      View Details
    • $1,495/Mo

      Chula Vista Executive Office Suite

      Executive office suite in Chula Vista's downtown district for lease.
      237 Church Ave, Chula Vista, CA 91910
      View Details
    • Sponsored
      Contact for pricing

      Gateway Chula Vista

      333 H St, Unit 5000, Chula Vista, CA 91910
      View Details
    • $21 SF/Yr

      Industrial Park with Flexible Spaces

      Industrial park offering various suite sizes and uses.
      750 Design Ct, Chula Vista, CA
      View Details
    • $2 SF/Yr

      Chula Vista Office Space

      Office space available for lease in Chula Vista.
      1261 3rd Ave, Chula Vista, CA
      View Details
    • Contact for pricing

      Retail Space in Chula Vista

      356,340 SF community center at Broadway and Naples Street.
      1130 Broadway, Chula Vista, CA 91911
      View Details
    • Contact for pricing

      Chula Vista Office Space Available

      9,000 square foot office space for rent.
      344 F St, Chula Vista, CA 91910
      View Details
    • Contact for pricing

      Medical/Office Building for Lease

      Medical/office building with amenity space available for lease.
      1785 Millenia Ave, Chula Vista, CA
      View Details
    • Contact for pricing

      East Palomar Street Retail Opportunity

      Retail space available near master-planned communities in Chula Vista, CA.
      605 East Palomar Street, Chula Vista, CA 91911
      View Details
    • $1.70 SF/Yr

      Industrial Space in Chula Vista

      Industrial property available for lease in Chula Vista, CA.
      675-679 Anita St, Chula Vista, CA
      View Details
    • $1.35 SF/Yr

      Chula Vista Warehouse Space

      8,301 SF warehouse space available for lease in Chula Vista.
      630 Bay Boulevard, Chula Vista, CA
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available from 1,431 SF to 3,076 SF.
      876-882 Broadway, Chula Vista, CA 91911
      View Details

    FAQs

    What type of property is this?
    Land - 1.24 AC commercial land for ground lease in Chula Vista.
    Where is this land located?
    The property is located at 0 SE Corner 3rd Ave Chula Vista, CA.
    What are key features of this property?
    This property features: 1.24 AC gross land area available for ground lease; Located on busy 3rd Avenue in the heart of Chula Vista's commercial area; Highly visible pad location directly in front of UEI Vocational College
    (858) 245-7217 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Duhs
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!