New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,640,000
Warehouses
1751 4th Ave, Chula Vista, CA 91911-5756
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6882087
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
16,800 SF
Lot
1.11 ac (48,351 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
629-060-73-00
UPID
US09-6882087
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
-
allwheels Auto Repair Shop Vehicle Inspection Center
-
Hawthorne Cat Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.69M
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.64M
Owner & transaction history
Ness Pacific Properties LLC · 5 yrs held
Ness Pacific Properties LLC
since 2021
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Chula Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+13.3%
Office building
$4.7M
+13.1%
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
$4,540,000
ML approach
$4,690,000
CAP Approach
CAP Return
Estimation
6%
$3,460,000
6.5%
$3,190,000
7%
$2,965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,165,000
Current use
RETAIL STORES
$4,720,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$4,710,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±10% · vs last sale $3.70M (Mar 16 2021)
Last sale anchor
$3.70M
Mar 16 2021
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
$217 / 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
$47,285
Tax year 2024
Assessed value
$3,926,469
Assessed 2024
Previous assessed
$3,926,469
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,016,295
Assessed improvement
$1,910,174
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
NONE
Units
1
Total area
16,800 SF
Lot
1.11 ac (48,351 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
629-060-73-00
UPID
US09-6882087
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Chula Vista, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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 Current
Est. value
$4.2M
RETAIL STORES
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
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
1983
Heating
NONE
Units
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Ness Pacific Properties LLC
Entity
Mailing address
16945 CAMINO SAN BERNARDO, SAN DIEGO, CA 92127-2405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 16, 2021
$3,700,000
Ness Pacific Properties LLC
Lance Masi
Grant Deed
$2,960,000 · Commerce Bank
Oct 30, 2020
—
Masi,lance Trust
Lance Masi
Quit Claim Deed
related
—
Dec 13, 2007
$900,000
Lance Masi
Doty Family Trust
Grant Deed
—
Nov 23, 2004
—
Lance Masi
Foster S E & P M Trust
Grant Deed
$1,025,000 · Bank Of America
Sep 10, 2004
—
Hermosa Associates LLC
Hermosa Associates
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1751 4th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
