Flex Space with 7
869 Anchorage Pl, Chula Vista, CA 91914
For Sale
$1,150,000
Flexible condominium workspace combines private offices, storage, and two bathrooms in a commercial center setting.
Property Size2,425 SF
Days on Market48
Property Features for 869 Anchorage Pl
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Building Details
Building Size
Year Built
Units
Listing Agency:
Compass
Listed By:
Jorge Alvarez · License #02047054
(619) 836-2784
Source:
Elliman
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 6 at 8:44AM
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 Compass
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Investment Insights
Based on property information with market context.
This 2006 flex condominium is configured for office and storage use, with 7 office spaces, 2 bathrooms, and dedicated storage. The layout can support separate work areas with attached storage or be adapted toward a more open storage arrangement, subject to applicable requirements.
The property is located at 869 Anchorage Pl in Chula Vista’s Eastlake Business District, within Venture Commerce Center. Shopping, dining, and recreational facilities are nearby, while the 125 freeway and Otay Mesa Border Crossing provide regional access. The property’s Walk Score is 56, Bike Score is 44, and Transit Score is 21.
The property is located at 869 Anchorage Pl in Chula Vista’s Eastlake Business District, within Venture Commerce Center. Shopping, dining, and recreational facilities are nearby, while the 125 freeway and Otay Mesa Border Crossing provide regional access. The property’s Walk Score is 56, Bike Score is 44, and Transit Score is 21.
Key Highlights
- 7 office spaces with 2 bathrooms and storage
- Flex condominium layout supports office and storage configurations
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,951
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,020
$679.0K
Cap Rate 7%
$485,014
$485.0K
Cap Rate 9%
$377,233
$377.2K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$56.2K $23.16/SF
− Vacancy
−$3.9K −$1.62/SF
EGI
$52.2K $21.54/SF
− OpEx
−$18.3K −$7.54/SF
NOI
$34.0K $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%
$679,020
Cap Rate 7%
$485,014
Cap Rate 9%
$377,233
Alternative Uses
Best Use
Flex RnD
$485.0K
$424.4K – $565.9K
NOI $33,951 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$352.3K
$308.3K – $411.1K
NOI $24,664 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$773.4K
$676.7K – $902.3K
NOI $54,139 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,894
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
$960,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in San Diego County, CA
Properties on Market for Flex space in San Diego County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible condominium workspace combines private offices, storage, and two bathrooms in a commercial center setting.
Where is this flex space located?
The property is located at 869 Anchorage Pl Chula Vista, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7 office spaces with 2 bathrooms and storage; Flex condominium layout supports office and storage configurations; Built in 2006
