Technical
Financial
Distress signals
Property profile

1880 Auto Park Pl Chula Vista, CA 91911

FOR SALE
Commercial land
Property ID
US10-0003990
2.17 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.17-acre commercial lot in Chula Vista, California, presents a unique development opportunity. Located at 1880 Auto Park Pl, within the Chula Vista Auto Park Specific Plan Area (APN 644-041-44), this IP-zoned property boasts approved plans for a substantial 23,335-square-foot building. The plans are permit-ready, allowing for a swift construction timeline of 18 months or less. The seller offers flexibility, considering a build-to-suit arrangement, a land sale with existing plans, or a long-term ground lease. This makes it ideal for owner-users seeking a tailored solution. Approved uses are diverse, encompassing auto sales and service, rentals, parts, car washes, collision repair, lube and oil services, and even restaurants/delis. The asking price for the land is $2,850,000, translating to approximately $30 per square foot. A potential lease rate is $10,000 per month plus NNN. This prime location and versatile zoning make this property a compelling investment prospect.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.17 ac (94,525 SF)
Zoning code INDUSTRIAL (M ZONE)
APN 644-041-44-00
UPID US10-0003990

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1880 Auto Park Pl Chula Vista, CA 91911
Chula Vista metro Census 13317 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2017
5 recorded transactions
2017
$610,000
2014
Price N/A
2013
$157,000
2010
$140,000
1969
Price N/A

Zoning & alternative use

INDUSTRIAL (M ZONE) · Chula Vista, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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