Listing Agency: Commercial Asset Advisors Show Phone

Listed By: Mike Conger · License #01381193 Show Phone

Source: Moodyscre

Added: Apr 28, 2025 Changed: Oct 25 Last Checked: Oct 28 at 9:33AM

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Investment Insights

Based on property information with market context.

This industrial flex condo includes flex space improvements with a grade-level roll-up door for convenient loading and access. Fiber optics internet service is available onsite, supporting businesses that rely on reliable connectivity.

The property is located at 861 Harold Pl in Chula Vista, CA 91914. Zoning is described as “flexing,” allowing for many business uses.

Electrical service is noted as 225 amps, 208/120V, 3P, 4W power (verify). The offering is presented as an industrial condo suitable for a range of flexible commercial applications consistent with the stated zoning flexibility.

Key Highlights

• Industrial condo/flex space featuring a grade‑level roll‑up door
• Fiber optics internet available
• Flexing zoning allows for many business uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,811

Cap Rate

3.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$816,220 $816.2K

Cap Rate 7%

$583,014 $583.0K

Cap Rate 9%

$453,456 $453.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,915 SF

Gross rent

$67.5K $23.16/SF

− Vacancy

−$4.7K −$1.62/SF

EGI

$62.8K $21.54/SF

− OpEx

−$22.0K −$7.54/SF

NOI

$40.8K $14.00/SF

Area

Chula Vista, CA

Vacancy

7.00%

Lease Rate

$23.16 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$816,220

Cap Rate 7%

$583,014

Cap Rate 9%

$453,456

Alternative Uses

Best Use

Flex RnD

$583.0K

$510.1K – $680.2K (±1% cap)

NOI $40,811 @ 7.0% cap · market cap 3.73%

Second Best

Industrial

$423.5K

$370.6K – $494.1K (±1% cap)

NOI $29,648 @ 7.0% cap · market cap 2.71%

Theoretical Best

Office A

$929.7K

$813.5K – $1.08M (±1% cap)

NOI $65,079 @ 7.0% cap · market cap 5.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

My Dentist Dental Office Bruce Yanofsky Clinical ... Physician Healing Massage at Gerken ... Alternative Medicine Practice The Camp Transformation Center Gym & Fitness Center San Diego Strength ... Gym & Fitness Center

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Big Box & Wholesale Store Restaurant Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

2,042

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 91914, CA

17,522

Population

4,948

Households

3.5

Avg Household Size

39

Median Age

48%

College-Educated

94%

High-School Grad

6.6 sq mi

ZIP Area

2,655

Density / Sq Mi

$164,398

Median Household Income

$71,944

Median Earnings

$3,076

Median Rent

$960,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex space with a grade-level roll-up door and fiber optics internet availability, offering adaptable use potential.

Where is this flex space located?

The property is located at 861 Harold Pl Chula Vista, CA.

What is the asking price?

The asking price for this property is $1,093,125.

What are key features of this property?

This property features: Industrial condo/flex space featuring a grade‑level roll‑up door; Fiber optics internet available; Flexing zoning allows for many business uses