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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1081 Broadway Chula Vista, CA 91911-1868

    • Apartment buildings
    • 1,669 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Mar 11, 2021
    $810,000
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    3.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-9018871
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1081 Broadway

    Year built
    1954
    Lot size
    0.15 lot acres
    Property size
    1,669 SF
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    618-152-05-00
    APU
    6181520500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $552,000
      Market price range: $351k - $552k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $670,000
      AUTO REPAIR, GARAGE
      $635,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.081
    Latitude
    32.6111
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,878
    $424,483
    $928,557
    $1,353,040
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.38 Acres

      1105 4th Ave

      APARTMENT HOUSE (5+ UNITS) • 3.38 Acres
      1105 4th Ave, Chula Vista, CA 91911-2833
      View Details
    • Value Estimation by Request
      1.05 Acres

      285 K St, Unit 95

      APARTMENT HOUSE (5+ UNITS) • 1.05 Acres
      285 K St, Chula Vista, CA 91911-1336
      View Details
    • Value Estimation by Request
      0.55 Acres

      585 Oxford St

      APARTMENT HOUSE (5+ UNITS) • 0.55 Acres
      585 Oxford St, Chula Vista, CA 91911-2711
      View Details
    • Value Estimation
      $3,965,000
      31,294 SF

      1145 4th Ave

      APARTMENT HOUSE (5+ UNITS) • 31,294 SF
      1145 4th Ave, Chula Vista, CA 91911-2819
      View Details
    • Value Estimation
      $8,535,000
      68,628 SF

      986 5th Ave

      APARTMENT HOUSE (5+ UNITS) • 68,628 SF
      986 5th Ave, Chula Vista, CA 91911-1736
      View Details
    • Value Estimation
      $9,600,000
      66,976 SF

      578 Anita St, Unit 90

      APARTMENT HOUSE (5+ UNITS) • 66,976 SF
      578 Anita St, Chula Vista, CA 91911-4705
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Chula Vista Multifamily Investment

      Seven-unit apartment building in South Chula Vista with income potential.
      441 Tremont St, Chula Vista, CA 91911
      View Details
    • $499,900
      920 SF

      Condo with Remodeled Kitchen

      Condo featuring two bathrooms, remodeled kitchen, and community amenities.
      1677 Melrose Ave, Chula Vista, CA 91911
      View Details
    • $570,000

      Inviting 3-Bedroom Corner Unit

      Functional 3-bedroom corner unit with private laundry and community amenities.
      237 Rancho Dr, Chula Vista, CA 91911
      View Details
    • $2,200,000

      Turnkey 6-Unit Apartment Building

      Completely renovated 6-unit apartment building with immediate cash flow potential.
      317 Tremont St, Chula Vista, CA 91911
      View Details
    • $1,350,000
      4,077 SF

      Chula Vista Triplex Investment Opportunity

      Triplex with three separate residences, ideal for investment or multi-generational living.
      478 Moss St, Chula Vista, CA 91911
      View Details
    • $1,800,000
      0.99 Acres

      Development Opportunity in Chula Vista

      0.99-acre property with duplexes and development potential in Chula Vista.
      234-248 Date St, Chula Vista, CA 91911
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,273 SF

      Main & Maxwell Retail Opportunity

      Chula Vista, CA: Prime Retail Land
      750 Main St, Chula Vista, CA 91911
      View Details
    • $3,285 /Mo
      1,228 SF

      Upgraded Townhome with Modern Features

      Move-in ready, upgraded 3-bedroom townhome with modern kitchen and amenities.
      263 Rancho Dr, Chula Vista, CA 91911
      View Details
    • $16 SF/Yr
      177,320 SF

      Otay Valley Warehouse Space Available

      Chula Vista industrial warehouse for lease.
      739 Design Ct, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      1,000 SF

      Industrial Business Park Suites Available

      Industrial park with suites available near international border crossings.
      744 Design Ct, Chula Vista, CA 91911
      View Details
    • $2 SF/Yr
      1,932 SF

      Chula Vista Office Space

      Office space available for lease in Chula Vista.
      855 3Rd Ave, Chula Vista, CA 91911
      View Details
    • $1.45 SF/Yr
      2,550 SF

      Chula Vista Warehouse Space

      2550 square foot warehouse available for rent in Chula Vista.
      664 Marsat Ct, Chula Vista, CA 91911
      View Details
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    1081 Broadway
    Chula Vista, CA 91911-1868
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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