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    Property profile & analytics

    1088 Del Mar Ave Chula Vista, CA 91911-2171

    • Apartment buildings
    • 4,504 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8786736
    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

    • Pinche casa wsg / Apartment Building

    Property Details for 1088 Del Mar Ave

    Year built
    1985
    Lot size
    0.20 lot acres
    Property size
    4,504 SF
    Zone code
    R-3:RESTRICTED MULTIPLE
    Property type
    Apartment buildings
    APN
    619-060-22-00
    APU
    6190602200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,110,000
      7%
      $1,030,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,185,000
      Current use
      RETAIL STORES
      $1,265,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $1,260,000
      Change: +7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,115,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.068
    Latitude
    32.6145
    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
    $14,757
    $771,984
    $486,778
    $1,258,762
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $635,000
      1.57 Acres

      580 L St

      APARTMENT HOUSE (5+ UNITS) • 1.57 Acres
      580 L St, Chula Vista, CA 91911-1119
      View Details
    • Value Estimation
      $2,535,000
      19,776 SF

      325 Oxford St

      APARTMENT HOUSE (5+ UNITS) • 19,776 SF
      325 Oxford St, Chula Vista, CA 91911-3157
      View Details
    • Value Estimation
      $12,835,000
      98,332 SF

      555 Oxford St

      APARTMENT HOUSE (5+ UNITS) • 98,332 SF
      555 Oxford St, Chula Vista, CA 91911-2708
      View Details
    • Value Estimation
      $1,115,000
      8,050 SF

      1052 Del Mar Ave

      APARTMENT HOUSE (5+ UNITS) • 8,050 SF
      1052 Del Mar Ave, Chula Vista, CA 91911-2139
      View Details
    • Value Estimation
      $4,950,000
      39,108 SF

      1665 Brandywine Ave

      APARTMENT HOUSE (5+ UNITS) • 39,108 SF
      1665 Brandywine Ave, Chula Vista, CA 91911-6060
      View Details
    • Value Estimation
      $1,825,000
      9,999 SF

      982 Broadway, Unit 86

      APARTMENT HOUSE (5+ UNITS) • 9,999 SF
      982 Broadway, Chula Vista, CA 91911-1958
      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
    • $565,000

      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
    • $945,000
      1,560 SF

      Upgraded Duplex in Prime Location

      Remodeled Chula Vista duplex with private yards and income potential.
      145 Glenhaven Way, Chula Vista, CA 91911
      View Details
    • $164,900

      Chula Vista Mobile Home Opportunity

      3-bedroom, 1-bathroom mobile home in a convenient Chula Vista location.
      1100 Industrial Ave, 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
    • $899,000
      1,250 SF

      Chula Vista Multifamily Investment

      Well-maintained duplex near Gaylord Pacific Resort & Convention Center.
      835 Colorado Ave, 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
    • Contact for pricing
      26,129 SF

      Broadway Pointe Retail Center

      Chula Vista retail space available.
      1177 Broadway, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      118,000 SF

      Chula Vista Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      3rd Ave & Moss St, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      3,307 SF

      Chula Vista Warehouse Space

      3,307 SF warehouse space available for lease.
      656 Marsat Ct, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Space in Chula Vista

      Industrial property available for lease in Chula Vista, CA.
      675-679 Anita St, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      3,000 SF

      New Retail Space Available

      Newly constructed retail space for lease in Chula Vista.
      880 Broadway, Chula Vista, CA 91911
      View Details
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    Chula Vista, CA 91911-2171
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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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