Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    468 3rd Ave Chula Vista, CA 91910-4613

    • Medical offices
    • 1,570 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2023
    $900,000
    Value Estimations
    $1,080,000
    Show details
    Cap Rate Potential
    2.1%
    Medical offices
    Location Intelligence
    Property ID
    US09-9473879
    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.

    Current Use by Public Records

    • The Law Office of Giovanna Gallo / Attorney / Bankruptcy Attorney
    • Shibuya Karen DDS / Dentist
    • Kint Burton DDS / Dentist
    • Dr. Yoshindo Shibuya, DDS / Dentist
    • Purdie Joe E DDS / Dentist

    Property Details for 468 3rd Ave

    Year built
    1969
    Lot size
    0.19 lot acres
    Property size
    1,570 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    568-450-32-00
    APU
    5684503200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $859,000
      Market price range: $461k - $860k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.078
    Latitude
    32.6354
    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
    $12,210
    $550,000
    $350,000
    $900,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,915,000
      36,326 SF

      342 4th Ave

      MEDICAL BUILDING • 36,326 SF
      342 4th Ave, Chula Vista, CA 91910
      View Details
    • Value Estimation
      $810,000
      9,146 SF

      498 4th Ave

      MEDICAL BUILDING • 9,146 SF
      498 4th Ave, Chula Vista, CA 91910
      View Details
    • Value Estimation
      $855,000
      2,310 SF

      226 Church Ave

      MEDICAL BUILDING • 2,310 SF
      226 Church Ave, Chula Vista, CA 91910-2703
      View Details
    • Value Estimation
      $525,000
      2,099 SF

      219 Landis Ave

      MEDICAL BUILDING • 2,099 SF
      219 Landis Ave, Chula Vista, CA 91910-2608
      View Details
    • Value Estimation
      $455,000
      0.22 Acres

      721 3rd Ave

      MEDICAL BUILDING • 0.22 Acres
      721 3rd Ave, Chula Vista, CA 91910-5803
      View Details
    • Value Estimation
      $500,000
      1,680 SF

      453 4th Ave

      MEDICAL BUILDING • 1,680 SF
      453 4th Ave, Chula Vista, CA 91910-4405
      View Details

    Similar Nearby for Sale

    • $539,000
      1,186 SF

      Upgraded Condo with Modern Finishes

      Modern 3-bedroom, 2-bath condo with upgrades and resort-style amenities.
      566 Telegraph Canyon Rd, Chula Vista, CA 91910
      View Details
    • $675,000
      1,394 SF

      Chula Vista Townhome with Upgrades

      Spacious 3-bedroom townhome with updated kitchen and community amenities.
      1567 Apache Dr, Chula Vista, CA 91910
      View Details
    • $949,000

      Commercial Land in Bonita Glen

      Approximately 0.56 acre commercial land for sale.
      280 Bonita Glen Dr, Chula Vista, CA 91910
      View Details
    • $2,500,000

      Broadway Car Lot and Shop

      Commercial property on Broadway in Chula Vista, ready for sale.
      71 Broadway, Chula Vista, CA 91910
      View Details
    • $1,600,000

      Land For Sale

      Land available for sale.
      691 G St, Chula Vista, CA 91910
      View Details
    • $1,699,000
      0.20 Acres

      Four-Unit Property with Expansion Potential

      Four units with potential for four more, near Bayfront.
      520 Glover Ave, Chula Vista, CA 91910
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      131,760 SF

      Gateway Chula Vista Medical Office

      Class A Medical Office Space for Lease
      333 H St, Chula Vista, CA 91910
      View Details
    • $33 SF/Yr
      978 SF

      Chula Vista Medical Office Suite

      978 SF Medical Office, Prime Location
      660 Old Telegraph Canyon Rd, Chula Vista, CA 91910
      View Details
    • $93 SF/Yr
      14,420 SF

      Chula Vista Executive Office Suites

      Prime Chula Vista office space, flexible options.
      333 H St, Chula Vista, CA 91910
      View Details
    • $33 SF/Yr
      2,448 SF

      Office Condo with Flexible Layout

      Office condo featuring an open layout and ample natural light.
      1061 Tierra Del Rey, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      2,003 SF

      Renovated Office Space Available

      Newly renovated office space with flexible floor plans for rent.
      303 H St, Chula Vista, CA 91910
      View Details
    • $27 SF/Yr
      1,900 SF

      Chula Vista Office Space for Lease

      Prime Chula Vista Office, Two Suites Available
      629 3Rd Ave, 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.
    468 3rd Ave
    Chula Vista, CA 91910-4613
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.