Freestanding Office
For Sale
Contact for pricing
845 Otay Lakes Rd, Chula Vista, CA 91913
R-1-zoned property with on-site parking and access from Otay Lakes Road.
Property Size3,200 SF
Price / SF$500
Days on Market82
Property Features for 845 Otay Lakes Rd
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
42
Property subtype
OFFICE
Zoning
R-1
Site & Location
Neighborhood
Southwestern College
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
CBRE | San Diego
(858) 546-4600
Listed By:
Joe Yetter · License #CA 00947371
(858) 775-3214
Source:
Moodyscre
Added: Aug 12
Changed: Oct 25
Last Checked: Nov 1 at 8:58AM
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
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Investment Insights
Based on property information with market context.
This freestanding office building contains 3,200 square feet and is positioned on Otay Lakes Road in Eastern Chula Vista. The property is zoned R-1, with potential uses identified as including a church, school, or nursing home.
The building is across from Southwestern College, which has total enrollment of approximately 16,000. On-site parking includes approximately 42 spaces. Access is provided from Otay Lakes Road, with shared parking rights required by the neighboring Church.
The building is across from Southwestern College, which has total enrollment of approximately 16,000. On-site parking includes approximately 42 spaces. Access is provided from Otay Lakes Road, with shared parking rights required by the neighboring Church.
Key Highlights
- 3,200‑square‑foot freestanding office building
- R‑1 zoning with potential church, school, and nursing home uses identified
- Approximately 42 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,622
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,440
$1.1M
Cap Rate 7%
$766,029
$766.0K
Cap Rate 9%
$595,800
$595.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$83.3K $26.04/SF
− Vacancy
−$11.8K −$3.70/SF
EGI
$71.5K $22.34/SF
− OpEx
−$17.9K −$5.59/SF
NOI
$53.6K $16.76/SF
Area
Chula Vista, CA
Vacancy
14.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,440
Cap Rate 7%
$766,029
Cap Rate 9%
$595,800
Alternative Uses
Best Use
Office B
$766.0K
$670.3K – $893.7K
NOI $53,622 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - R-1-zoned property with on-site parking and access from Otay Lakes Road.
Where is this office building located?
The property is located at 845 Otay Lakes Rd 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: 3,200‑square‑foot freestanding office building; R‑1 zoning with potential church, school, and nursing home uses identified; Approximately 42 on‑site parking spaces
