New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Turn key restaurants
2244 Otay Lks Rd, Chula Vista, CA 91915-1000
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7113403
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Total area
2,970 SF
Lot
0.7 ac (30,492 SF)
Zoning code
COMMERCIAL
APN
595-322-08-00
UPID
US09-7113403
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.45M
Blend (final)
Blend
$2.75M
Owner & transaction history
2244 Otay Lakes Road Property LLC · 5 yrs held
2244 Otay Lakes Road Property LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Chula Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+37.4%
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
$2,085,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,945,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,675,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $3.04M (Apr 30 2021)
Last sale anchor
$3.04M
Apr 30 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
$924 / 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
$37,317
Tax year 2024
Assessed value
$2,833,069
Assessed 2024
Previous assessed
$2,833,069
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,802,864
Assessed improvement
$1,030,205
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 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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Heating
NONE
Units
1
Total area
2,970 SF
Lot
0.7 ac (30,492 SF)
Zoning code
COMMERCIAL
APN
595-322-08-00
UPID
US09-7113403
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
RESTAURANT Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
NONE
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
2244 Otay Lakes Road Property LLC
Entity
Mailing address
3 GLENLAKE PKWY #5, ATLANTA, GA 30328-3584
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
—
2244 Otay Lakes Road Property LLC
Mario Lam Sheung Woo
Quit Claim Deed
related
—
Jul 3, 2019
—
Woo,mario L S & Susie S Y Trust
—
Deed
related
$2,200,000 · Balboa Thrift & Ln
Mar 21, 2018
—
Woo,mario L S & Susie S Y Trust
—
Deed
related
$1,850,000 · Balboa T&l
May 24, 2010
—
Woo Mario L S & S S Y Trust
Woo,mario L S & Susie S Y
Quit Claim Deed
related
—
Apr 15, 2008
$3,043,500
Mario L S Woo
Capitas Group LLC
Grant Deed
$1,700,000 · Balboa Trust & Loan
Jul 24, 2003
—
Capitas Group LLC
Cambridge Investments LLC
Grant Deed
related
—
Jun 29, 1999
$725,000
Cambridge Restaurant Propertie
Eastlake Co LLC
Grant Deed
$543,750 · Eastlake Co LLC
—
—
Woo,mario L S & Susie S Y Trust
—
Deed Of Trust
related
$2,200,000 · Balboa Thrift & Ln
—
—
Woo,mario L S & Susie S Y Trust
—
Deed Of Trust
related
$2,200,000 · Balboa Thrift & Ln
—
—
Woo,mario L S & Susie S Y Trust
—
Deed Of Trust
related
$1,850,000 · Balboa T&l
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 2244 Otay Lks Rd?
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.
