New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Warehouses
609 Anita St, Chula Vista, CA 91911-4619
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6895473
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
11,400 SF
Lot
1.24 ac (54,014 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
622-111-05-00
UPID
US09-6895473
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
-
Veterans Business Transformation Group, Inc Industrial Manufacturer Construction Company
-
Amicitia Inc. Employment Agency
-
Victoria Tax Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$3.32M
Owner & transaction history
Magpie Property Holdings LLC · 4 yrs held
Magpie Property Holdings LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Chula Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+62.1%
Auto repair, garage
$4.4M
+54.0%
Retail stores
$3.2M
+13.3%
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
$3,680,000
ML approach
$3,695,000
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,825,000
Current use
MEDICAL BUILDING
$4,580,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,350,000
Change: +54% · Conversion: Easy
RETAIL STORES
$3,200,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$3,195,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.00M (Nov 2 2021)
Last sale anchor
$3.00M
Nov 2 2021
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
$291 / 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
$36,828
Tax year 2024
Assessed value
$3,121,200
Assessed 2024
Previous assessed
$3,121,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,392,920
Assessed improvement
$728,280
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
NONE
Units
1
Total area
11,400 SF
Lot
1.24 ac (54,014 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
622-111-05-00
UPID
US09-6895473
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Chula Vista, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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
WAREHOUSE, STORAGE Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1969
Heating
NONE
Units
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Magpie Property Holdings LLC
Entity
Mailing address
609 ANITA ST, CHULA VISTA, CA 91911-4619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
—
Magpie Property Holdings LLC
—
Deed
related
$1,217,000 · Cdc Small Business Finance Corp
Nov 2, 2021
$3,000,000
Magpie Property Holdings LLC
Action Cleaning Corporation
Grant Deed
$1,500,000 · Zb NA
Aug 13, 2020
—
North City Residential LLC
—
Deed
related
—
Jun 26, 2017
—
Action Cleaning Corp
—
Deed
related
$300,000 · Weldon Family Trust (pt)
Mar 16, 2012
$595,000
Action Cleaning Corp
Neighborhood Natl Bk NA
Trustees Deed
related
—
Mar 21, 2007
$1,140,000
Anita Street Associates LLC
Devine,janet W
Grant Deed
$578,500 · Neighborhood National Bank
—
—
Janet W Devine
—
Deed Of Trust
related
$750,000 · Zions First National Bank
—
—
Anita Street Associates LLC
—
Deed Of Trust
related
$477,000 · Cdc Small Business Finance Co
—
—
Janet Devine
—
Deed Of Trust
related
$560,000 · Home Bank Of California
—
—
Action Cleaning Corp
—
Deed Of Trust
related
$300,000 · Weldon Family Trust (pt)
—
—
North City Residential LLC
—
Deed Of Trust
related
—
—
—
Thomas H Devine
—
Deed Of Trust
related
$575,000 · First Fidelity Thrift & Loan
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 609 Anita St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
