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Property profile & analytics
FOR LEASE
Medical Office Space
450 4Th Ave Chula Vista, CA 91910
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7196253
For Lease
$11,550,000
450 4Th Ave, Chula Vista, CA 91910
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Total area
39,146 SF
Lot
0.88 ac (38,332 SF)
Zoning code
COMMERCIAL
APN
568-371-10-00
UPID
US09-7196253
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
-
Detsch Steven G DDS Dental Office
-
Leidos QTC Health Services Medical Clinic Medical Group
-
Wong Hoi Sze DDS Dental Office
-
Chula Vista Medical Arts Center Medical Clinic
-
The Neuron Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.55M
CAP Approach
CAP
$9.25M
Comparable Approach
Comparable
$15.97M
Blend (final)
Blend
$11.55M
Owner & transaction history
Ag Cw Chula Vista Mob Owner LLC · 2 yrs held
Ag Cw Chula Vista Mob Owner LLC
since 2024
Last sale
$11.6M
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
Method
Estimation
Statistic approach
$11,550,000
ML approach
$11,550,000
CAP Approach
CAP Return
Estimation
6%
$10,015,000
6.5%
$9,245,000
7%
$8,585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,725,000
Current use
AUTO REPAIR, GARAGE
$14,945,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$14,805,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$11.55M
Range $10.40M – $12.71M · ±10% · vs last sale $11.55M (Jun 26 2024)
Last sale anchor
$11.55M
Jun 26 2024
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
$295 / 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
$135,846
Tax year 2024
Assessed value
$11,615,000
Assessed 2024
Previous assessed
$11,615,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,750,000
Assessed improvement
$7,865,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1985
Heating
NONE
Units
1
Total area
39,146 SF
Lot
0.88 ac (38,332 SF)
Zoning code
COMMERCIAL
APN
568-371-10-00
UPID
US09-7196253
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
MEDICAL BUILDING Current
Est. value
$15.7M
AUTO REPAIR, GARAGE
Est. value
$14.9M
RETAIL STORES
Est. value
$14.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1985
Heating
NONE
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Ag Cw Chula Vista Mob Owner LLC
Entity
Mailing address
30021 TOMAS BLVD #130, SAN JUAN CAPISTRANO, CA 92694
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$11,550,000
Ag Cw Chula Vista Mob Owner LLC
Th II San Diego 450 4th LP
Grant Deed
$150,000,000 · Capital One Bank NA
Apr 11, 2024
—
Th II San Diego 480 4th LP
Centro De Saolud De La Comuidad De
Lease
—
Apr 11, 2024
$10,500,000
Th II San Diego 450 4th LP
Welltower Om Group LLC
Grant Deed
—
May 17, 2019
—
Epc Sparti LLC
Chp Bay Medical Ca Mob Owner L
Quit Claim Deed
—
May 25, 2004
—
Bay Medical Plaza Investment
Chula Vista Medical LLC
Grant Deed
related
—
Jul 1, 1998
$3,750,000
Chula Vista Medical LLC
Bank Of America
Grant Deed
$3,850,000 · National Realty Funding LLC
Jul 16, 1996
$4,652,712
Bankamerica Nat'l Trust Ttee
Record Trustor
Trustees Deed
—
—
—
Chp Bay Medical Ca Mob Owner L
—
Deed Of Trust
$120,000,000 · Key Bank NA
—
—
Chula Vista Medical LLC
—
Deed Of Trust
related
$3,900,000 · Dm Park Lpj
—
—
Chula Vista Medical LLC
—
Deed Of Trust
related
$4,600,000 · City National Bank
—
—
Chula Vista Medical LLC
—
Deed Of Trust
related
$4,900,000 · Pnc 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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