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Property profile & analytics
OFF-MARKET
Retail space
281 3rd Ave 83 Chula Vista, CA 91910-2721
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9468313
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
5,000 SF
Lot
0.11 ac (4,969 SF)
Zoning code
COMMERCIAL
APN
568-161-11-00
UPID
US09-9468313
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
-
Speranza Dance Company Training Center
-
Illusion Hall Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
281 Third Avenue LLC · 3 yrs held
281 Third Avenue LLC
since 2023
Last sale
$295,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,377
Tax year 2024
Assessed value
$1,530,000
Assessed 2024
Previous assessed
$1,530,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$510,000
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
1935
Heating
NONE
Units
1
Total area
5,000 SF
Lot
0.11 ac (4,969 SF)
Zoning code
COMMERCIAL
APN
568-161-11-00
UPID
US09-9468313
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.
Building & site characteristics
From public records
Year built
1935
Heating
NONE
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
281 Third Avenue LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10411 ARTEMIS CT, SPRING VALLEY, CA 91977-7143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 14, 2023
—
The Shamoun Family Trust
—
Deed
related
$1,100,000 · Cbc FCU
Jun 29, 2023
—
The Shamoun Family Trust
—
Deed
related
$1,100,000 · Cbc FCU
Jun 21, 2023
—
281 Third Avenue LLC
Sabri P Shamoun
Intrafamily Transfer
related
—
Sep 26, 2022
—
Sabri P Shamoun
Sabri P Shamoun
Intrafamily Transfer
related
$1,100,000 · Cbc FCU
Dec 31, 2018
—
Shamoun Family Trust
Sabri & Mary Shamoun Family LP
Quit Claim Deed
related
—
Dec 31, 2012
—
Sabri & Mary Shamoun Family LP
Shamoun Family Trust
Quit Claim Deed
related
—
Feb 16, 2000
$295,000
Shamoun Trust
George,munther T & Susan E
Grant Deed
$206,500 · Pacific Trust Bank
Dec 19, 1996
$268,500
Munther T George
Standlees Cake & Party Shop In
Grant Deed
$174,525 · Home Investment & Loan
—
—
Cake P Standlees
—
Deed Of Trust
related
$170,500 · Bank Of Commerce
—
—
Sabri P Shamoun
—
Deed Of Trust
related
$700,000 · Community First National Bank
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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