Auto Body Shop
New
For Sale
$2,500,000
951 Broadway, Chula Vista, CA 91911
An existing automotive business occupies a substantial building with a separate lot.
Property Size6,750 SF
Lot Size0.59 Acres
Price / SF$370.37
Days on Market7
Property Features for 951 Broadway
General Information
Standard status
Active
Size
6,750 SF
Lot size
0.59 Acres
Property subtype
Commercial
Building Details
Building Size
6,750 SF
Year Built
1972
Buildings
1
Units
1
Listing Agency:
Chang Properties, Inc.
Listed By:
Suk Chang · License #01216406
(818) 957-8989
Source:
Elliman
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 4 at 11:58AM
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 Chang Properties, Inc.
Investment Insights
Based on property information with market context.
This 6,750-square-foot property is currently occupied by a tenant operating an auto body shop. The site includes a 25,700-square-foot lot, and the building dates to 1972.
At 951 Broadway in Chula Vista, the property has a walk score of 79, a bike score of 53, and a transit score of 56.
At 951 Broadway in Chula Vista, the property has a walk score of 79, a bike score of 53, and a transit score of 56.
Key Highlights
- 6,750‑square‑foot building
- 25,700‑square‑foot lot
- Current tenant operates an auto body shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,393
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,987,860
$2.0M
Cap Rate 7%
$1,419,900
$1.4M
Cap Rate 9%
$1,104,367
$1.1M
Market Conditions
NOI Build-Up for 6,750 SF
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.
Gross rent
$148.2K $21.96/SF
− Vacancy
−$6.2K −$0.92/SF
EGI
$142.0K $21.04/SF
− OpEx
−$42.6K −$6.31/SF
NOI
$99.4K $14.72/SF
Area
Chula Vista, CA
Vacancy
4.21%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,987,860
Cap Rate 7%
$1,419,900
Cap Rate 9%
$1,104,367
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,393 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$980.7K
$858.2K – $1.14M
NOI $68,652 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,697 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91911, CA
85,442
Population
27,533
Households
3.1
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
12.7 sq mi
ZIP Area
6,728
Density / Sq Mi
$79,334
Median Household Income
$39,003
Median Earnings
$1,931
Median Rent
$602,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- R&L Performance — 887 Palomar St, Chula Vista, CA 91911
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- Western Towing — 1187 walnut ave, chula vista, ca 91911
- ATF Motor Sports — 790 Palomar St # G, Chula Vista, CA 91911
- Ai Drive 360 — 669 Palomar St, Chula Vista, CA 91911
Frequently Asked Questions
What type of property is this?
Auto shop - An existing automotive business occupies a substantial building with a separate lot.
Where is this auto shop located?
The property is located at 951 Broadway Chula Vista, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6,750‑square‑foot building; 25,700‑square‑foot lot; Current tenant operates an auto body shop
