Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    285 Bay Blvd Chula Vista, CA 91910-2047
    Back to Search
    Property profile & analytics

    285 Bay Blvd, Chula Vista, CA 91910-2047

    View on Map
    • Bowling alleys
    • 9,600 SF
    • 1.29 lot acres
    Off-Market
    Property ID
    US09-7030413
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Seven Mile Casino / Hotel & Motel / Resort
    • Martingale / Restaurant
    • Sammy's Restaurant & Bar / Restaurant

    Property Details for 285 Bay Blvd

    Year built
    1989
    Lot size
    1.29 lot acres
    Zone code
    COMMERCIAL
    Property type
    Bowling alleys
    APN
    567-021-36-00
    APU
    5670213600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 21, 2026 — Stone Chula Vista Holdings LLC — Deed · related $5.7M · Enterprise Bank & Trust
    Sep 16, 2022 — Stones South Bay Corp Stone Chula Vista Holdings LLC Lease $2M · Comerica Bank
    Nov 18, 2020 — Stone Chula Vista Holdings LLC — Deed · related $5.2M · Calprivate Bk
    Aug 26, 2019 — Stones South Bay Corp — Deed · related —
    Nov 21, 2017 — Stone Chula Vista Holdings LLC Vc Bay Properties LLC Grant Deed $5.2M · San Diego Private Bank
    Apr 13, 2017 — Stones South Bay Corp — Grant Deed · related $8M · Comerica Bk
    Jun 20, 2012 $2,870,000 Vc Bay Properties LLC Bay Boulevard Associates LLC Grant Deed —
    Dec 7, 1999 $1,462,000 Bay Boulevard Associates LLC Bay Boulevard Development Grant Deed · related $1.2M · Scripps Bank
    — — Stones South Bay Corp — Loan Modification · related —
    — — Bay Boulevrd Associates LLC — Deed Of Trust · related $539k · Higgs Fletcher & Mack LLP
    — — Bay Boulevard Assoc LLC — Deed Of Trust · related $687k · Us Bank NA
    — — Bay Boulevard Assoc LLC — Deed Of Trust · related $859k · Us Bank NA
    — — Bay Boulevard Associates LLC — Deed Of Trust · related $708k · Cdc Small Business Finance Co
    — — Bay Boulevard Associates LLC — Deed Of Trust · related $840k · Security Business Bank Of San
    — — Stones South Bay Corp — Loan Modification · related —
    — — Stone Chula Vista Holdings LLC — Loan Modification · related $5.2M · Calprivate Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $795,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $827,000
      Market price range: $447k - $2.45M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $1,275,000
      Current use
      RETAIL STORES
      $1,230,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.1
    Latitude
    32.6366
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $45,268
    $1,847,139
    $1,800,167
    $3,647,306
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.09 Acres

      111 2nd Ave

      BOWLING ALLEY
      111 2nd Ave, Chula Vista, CA 91910-1126
      View Details
    • Value Estimation by Request
      128.93 Acres

      1470 H St

      GOLF COURSE
      1470 H St, Chula Vista, CA 91910-6844
      View Details
    • Value Estimation
      $1,510,000
      7,130 SF

      226 3rd Ave

      THEATER (MOVIE)
      226 3rd Ave, Chula Vista, CA 91910-2711
      View Details
    • Value Estimation by Request
      0.13 Acres

      Ladera Pso

      RECREATIONAL, ENTERTAINMENT
      Ladera Pso, Chula Vista, CA 91910
      View Details
    • Value Estimation
      $1,575,000
      55,820 SF

      1025 Tierra Del Rey

      THEATER (MOVIE)
      1025 Tierra Del Rey, Chula Vista, CA 91910-7821
      View Details
    • Value Estimation by Request
      0.29 Acres

      357 G St

      THEATER (MOVIE)
      357 G St, Chula Vista, CA 91910-4513
      View Details

    Similar Nearby for Sale

    • $1,688,888

      Mixed-Use Redevelopment Opportunity

      Mixed-use property with redevelopment potential near 3rd Avenue Promenade.
      402 Church Ave, Chula Vista, CA 91910
      View Details
    • $1,099,000

      Renovated Chula Vista Income Property

      Two updated units, immediate income, flexible terms in Chula Vista.
      721 Del Mar Ave, Chula Vista, CA 91910
      View Details
    • $1,688,888

      Mixed-Use Redevelopment Opportunity

      Prime mixed-use property with redevelopment potential near 3rd Avenue Promenade.
      402 Church Ave, Chula Vista, CA 91910
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Event Hall in Downtown Chula

      Spacious event hall in the heart of Downtown Chula Vista.
      281 3Rd Ave, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      963 SF

      Chula Vista Office Space

      Office space available for lease in Chula Vista, CA.
      3450 Bonita Rd, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      1,017 SF

      Chula Vista Flex/Industrial Space

      Flex/Industrial space available for lease in Chula Vista.
      320 Trousdale Dr, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      1,984 SF

      Regional Center Retail Opportunity

      Open-air regional center with redevelopment plans and strong tenant mix.
      555 Broadway, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      1,888 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      344 E H St, Chula Vista, CA 91910
      View Details
    • Contact for pricing

      1.6 Acre Secured Storage Yard

      1.6 acre storage yard with immediate highway access.
      67 Brisbane St, Chula Vista, CA 91910
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    285 Bay Blvd
    Chula Vista, CA 91910-2047
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    285 Bay Blvd, Chula Vista, CA, 91910
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!