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

    531 Orange Ave Chula Vista, CA 91911

    • Manufacturing properties
    • 9,715 SF
    • 0.84 lot acres
    For Sale
    View listing
    $3,295,000
    Last Sale
    Nov 17, 2023
    $2,500,000
    Value Estimations
    Cap Rate Potential
    4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-6885555
    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

    • Carquest Auto Parts / Auto Parts Store
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 531 Orange Ave

    Year built
    1972
    Lot size
    0.84 lot acres
    Property size
    9,715 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    622-043-22-00
    APU
    6220432200

    Description

    This exceptional 9,715-square-foot retail and mixed-use building is situated on a substantial 35,695-square-foot lot at 531 Orange Avenue in Chula Vista, California, zip code 91911. Currently fully vacant, this property presents a unique owner-user investment opportunity. The building is ideally positioned in a high-traffic retail corridor, boasting proximity to major retailers such as Costco and Target. Its CC-P zoning allows for flexible commercial and mixed-use residential development, offering considerable versatility for future use. The property's location on the property line maximizes site utilization. A trolley stop is conveniently located within a half-mile walking distance, enhancing accessibility. The asking price is $3,295,000, translating to a price per square foot of $339.17. Adjacent parcels offer potential for assemblage, further increasing the property's long-term value. A potential lease rate of $15,000 per month NNN is also available. This prime location and flexible zoning make this a compelling investment opportunity in a thriving San Diego County market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,470,000
      ML approach
      $2,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,645,000
      6.5%
      $1,520,000
      7%
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,356,000
      Market price range: $2.03M - $3.36M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,460,000
      Current use
      MEDICAL BUILDING
      $3,905,000
      Change: +59% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,710,000
      Change: +51% Conversion: Easy
      RETAIL STORES
      $2,730,000
      Change: +11% Conversion: Moderate
      OFFICE BUILDING
      $2,725,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.076
    Latitude
    32.6027
    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
    $29,480
    $1,475,000
    $1,025,000
    $2,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,495,000
      51,264 SF

      1685 Brandywine Ave

      HEAVY MANUFACTURING • 51,264 SF
      1685 Brandywine Ave, Chula Vista, CA 91911-6020
      View Details
    • Value Estimation
      $2,735,000
      22,262 SF

      680 Marsat Ct, Unit 96

      MANUFACTURING (LIGHT) • 22,262 SF
      680 Marsat Ct, Chula Vista, CA 91911-4686
      View Details
    • Value Estimation
      $1,865,000
      17,212 SF

      608 Marsat Ct, Unit 11

      MANUFACTURING (LIGHT) • 17,212 SF
      608 Marsat Ct, Chula Vista, CA 91911-4646
      View Details
    • Value Estimation
      $2,765,000
      10,894 SF

      1060 Colorado Ave

      MANUFACTURING (LIGHT) • 10,894 SF
      1060 Colorado Ave, Chula Vista, CA 91911-1650
      View Details
    • Value Estimation by Request
      2,100 SF

      879 Dorothy St

      MANUFACTURING (LIGHT) • 2,100 SF
      879 Dorothy St, Chula Vista, CA 91911-3947
      View Details
    • Value Estimation
      $965,000
      3,100 SF

      790 Energy Way

      MANUFACTURING (LIGHT) • 3,100 SF
      790 Energy Way, Chula Vista, CA 91911-6109
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Versatile Industrial Space Near Interstate

      3,000 SF open floor plan near I-5.
      681 Anita St, Chula Vista, CA 91911
      View Details
    • $595,000

      Fully-Equipped Junkyard Investment Opportunity

      Junkyard with $5.7M retail inventory, poised for online growth.
      777 Energy Way, Chula Vista, CA 91911
      View Details
    • Contact for pricing

      Chula Vista Commercial Space Available

      Versatile industrial property with office and showroom space in Chula Vista.
      3521 Main St, Chula Vista, CA 91911
      View Details
    • $3,295,000
      9,715 SF

      Prime Chula Vista Retail Opportunity

      9,715 SF Retail/Mixed-Use Building, $3.295M
      531 Orange Ave, Chula Vista, CA 91911
      View Details
    • $1,350,000
      4,077 SF

      Chula Vista Triplex Investment Opportunity

      Triplex with three separate residences, ideal for investment or multi-generational living.
      478 Moss St, Chula Vista, CA 91911
      View Details
    • $120,000
      500 SF

      Turn-Key Restaurant Asset Sale

      Restaurant asset sale in a busy commercial area.
      1067 Broadway Suit 102, Chula Vista, CA 91911
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      328,465 SF

      Chula Vista Industrial Space Available

      Prime San Diego County Distribution Center
      1669-1690 Brandywine Ave, Chula Vista, CA 91911
      View Details
    • $1.70 SF/Yr
      4,800 SF

      Industrial Space in Chula Vista

      Industrial property available for lease in Chula Vista, CA.
      675-679 Anita St, Chula Vista, CA 91911
      View Details
    • $1.45 SF/Yr
      3,307 SF

      Chula Vista Warehouse Space

      3,307 SF warehouse space available for lease.
      656 Marsat Ct, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      26,105 SF

      Chula Vista Warehouse Space

      26,105 SF warehouse space available for lease.
      2855 Faivre St, Chula Vista, CA 91911
      View Details
    • $16 SF/Yr
      177,320 SF

      Otay Valley Warehouse Space Available

      Chula Vista industrial warehouse for lease.
      739 Design Ct, Chula Vista, CA 91911
      View Details
    • Contact for pricing
      1,000 SF

      Industrial Business Park Suites Available

      Industrial park with suites available near international border crossings.
      744 Design Ct, Chula Vista, CA 91911
      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.
    531 Orange Ave
    Chula Vista, CA 91911
    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.