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Property profile & analytics
OFF-MARKET
Estimated value
$26,070,000
Medical Office Space
1400 Palomar St Chula Vista, CA 91913-1800
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9482380
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
67,372 SF
Lot
4.67 ac (203,425 SF)
Zoning code
COMMERCIAL
APN
642-560-01-00
UPID
US09-9482380
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
-
Sharp Rees-Stealy Medical Center: Villaume Lourdes G MD Physician
-
Sharp Rees-Stealy Otay Ranch Medical Clinic
-
Sharp Rees-Stealy Otay Ranch Physical Therapy Medical Clinic
-
Sharp Rees-Stealy Otay Ranch Laboratory Medical Clinic
-
Sharp Rees-Stealy Otay Ranch Optical Shop Eye Care Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.91M
Comparable Approach
Comparable
$25.41M
Blend (final)
Blend
$26.07M
Owner & transaction history
Sharp Healthcare · 6 yrs held
Sharp Healthcare
since 2019
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,235,000
6.5%
$15,910,000
7%
$14,775,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$27,065,000
Current use
AUTO REPAIR, GARAGE
$25,720,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$22,645,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$26.07M
Range $23.46M – $28.68M · ±10%
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
$387 / 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
$49,076
Tax year 2024
Assessed value
$38,612,215
Assessed 2024
Previous assessed
$38,612,215
+0.0% YoY
Effective rate
0.13%
On assessed value
Assessed land
$9,864,978
Assessed improvement
$28,747,237
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Units
1
Total area
67,372 SF
Lot
4.67 ac (203,425 SF)
Zoning code
COMMERCIAL
APN
642-560-01-00
UPID
US09-9482380
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
MEDICAL BUILDING Current
Est. value
$27.1M
AUTO REPAIR, GARAGE
Est. value
$25.7M
RETAIL STORES
Est. value
$22.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2001
Heating
NONE
Units
1
Lot
4.67 ac
Current owner
From public records · entity-resolved
Sharp Healthcare
Individual
Mailing address
8695 SPECTRUM CTR BLVD, SAN DIEGO, CA 92123-1489
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
—
Sharp Healthcare
Sharp Otay Mob LLC
Quit Claim Deed
related
—
Nov 18, 2015
$22,499,500
Sharp Otay Mob LLC
Nhp Of Pmb Chula Vista LLC
Grant Deed
$15,226,626 · Us Bank NA Series 2006-c7 (ce)
Oct 31, 2008
$5,267,500
Nhp Of Pmb Chula Vista LLC
Pmb Chula Vista LLC
Grant Deed
$16,000,000 · Bank Of America
Dec 30, 2003
—
Pmb Chula Vista LLC
Jl Rush LLC
Quit Claim Deed
related
—
—
—
Pmb Chula Vista LLC
—
Deed Of Trust
related
$16,000,000 · Key Bank NA
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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