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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
1251 3rd Ave, Chula Vista, CA 91911-3259
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9016422
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
4,480 SF
Lot
0.18 ac (7,847 SF)
Zoning code
COMMERCIAL
APN
619-221-50-00
UPID
US09-9016422
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Elect Insurance Center Insurance Agency
-
Private Stock Barbershop Barber Shop
-
Hands That Heal Us Association / Organization
-
Martha Alvarez Insurance Insurance Agency
-
Montano Multi-Services Immigration & Naturalization Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$695k
Owner & transaction history
Michel A Ghobril · 2 yrs held
Michel A Ghobril
since 2024
Last sale
$697,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Chula Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chula Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chula Vista submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$695,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,110,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $697k (Apr 18 2024)
Last sale anchor
$697k
Apr 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$155 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,053
Tax year 2024
Assessed value
$837,664
Assessed 2024
Previous assessed
$837,664
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$308,865
Assessed improvement
$528,799
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
NONE
Units
1
Total area
4,480 SF
Lot
0.18 ac (7,847 SF)
Zoning code
COMMERCIAL
APN
619-221-50-00
UPID
US09-9016422
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Chula Vista, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Chula Vista, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chula Vista. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Michel A Ghobril
Individual
Free & Clear · 2 yrs held
Mailing address
147 N SAN MARINO AVE APT C, SAN GABRIEL, CA 91775-2959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Michel A Ghobril
Michel Ghobril
Intrafamily Transfer
related
—
Dec 1, 2014
—
Long,perry D Trust
Long,perry
Quit Claim Deed
related
—
Oct 18, 2013
$697,000
Michel Ghobril
Perry Long
Grant Deed
$350,000 · Wells Fargo Bank NA
May 9, 2011
—
Perry Long
Long P D & C J 1999 Trust
Quit Claim Deed
related
—
Jul 17, 2003
$600,000
Long,tr
Craycroft,tr
Grant Deed
$420,000 · San Diego County Cu
Nov 26, 1991
$450,000
Craycroft Trust
Seal,karen L
Grant Deed
—
Jul 15, 1988
$440,000
Samuel M Ciccati
Arpple
Trustees Deed
—
Jul 15, 1988
$220,000
Arpple INC
Strauss Matthew
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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