Freestanding Office
New
For Sale
$1,600,000
845 Otay Lakes Road, Chula Vista, CA 91913
Eastern Chula Vista property across from Southwestern College with on-site parking and R-1 zoning.
Property Size3,200 SF
Price / SF$500
Days on Market5
Property Features for 845 Otay Lakes Road
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
42
Property subtype
Office
Zoning
R-1
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
CBRE | San Diego
(858) 546-4626
Listed By:
Joe Yetter · License #00947371
(858) 546-4626
Source:
Cbre
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 5 at 8:39AM
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 CBRE | San Diego
Investment Insights
Based on property information with market context.
This freestanding office building is located in Eastern Chula Vista and includes on-site parking of approximately 42 spaces. The property has access to Otay Lakes Road and is identified as being in an R-1 Zone. Potential uses stated for the property include church, school, and nursing home applications.
The building sits across from Southwestern College, which has a total enrollment of approximately 16,000. Shared parking rights are required by the neighboring Church, an important consideration for evaluating the property's parking arrangement and access.
The building sits across from Southwestern College, which has a total enrollment of approximately 16,000. Shared parking rights are required by the neighboring Church, an important consideration for evaluating the property's parking arrangement and access.
Key Highlights
- Freestanding office building in Eastern Chula Vista
- Across from Southwestern College, with total enrollment of approximately 16,000
- R‑1 Zone designation
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.3k | $26.04 |
| − Vacancy | −$11.8k | −$3.70 |
| EGI | $71.5k | $22.34 |
| − OpEx | −$17.9k | −$5.59 |
| NOI | $53.6k | $16.76 |
3,200 SF · lease $26.04/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$766.0K
$670.3K – $893.7K
NOI $53,622 @ 7.0% cap · market cap 3.35%
Second Best
Healthcare Medical
$701.7K
$614.0K – $818.7K
NOI $49,120 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.02M
$893.0K – $1.19M
NOI $71,442 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 91913, CA
55,923
Population
17,880
Households
3.1
Avg Household Size
34
Median Age
40%
College-Educated
92%
High-School Grad
9.1 sq mi
ZIP Area
6,145
Density / Sq Mi
$129,412
Median Household Income
$56,058
Median Earnings
$2,863
Median Rent
$750,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Eastern Chula Vista property across from Southwestern College with on-site parking and R-1 zoning.
Where is this office building located?
The property is located at 845 Otay Lakes Road Chula Vista, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding office building in Eastern Chula Vista; Across from Southwestern College, with total enrollment of approximately 16,000; R‑1 Zone designation
