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

    612 Paseo Del Rey Chula Vista, CA 91910-6557

    • Data centers and call centers
    • 6,920 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9470048
    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

    • Montessori Hills Academy / High School / Daycare Center

    Property Details for 612 Paseo Del Rey

    Year built
    1987
    Lot size
    1.10 lot acres
    Property size
    6,920 SF
    Zone code
    COMMERCIAL
    Property type
    Data centers and call centers
    APN
    640-070-13-00
    APU
    6400701300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $556,000
      Market price range: $462k - $1.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.032
    Latitude
    32.6269
    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
    $19,397
    $658,704
    $988,062
    $1,646,766
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,520 SF

      501 C St

      RADIO OR TV STATION • 2,520 SF
      501 C St, Chula Vista, CA 91910-1406
      View Details
    • Value Estimation
      $590,000
      3,666 SF

      790 Otay Lks Rd

      RADIO OR TV STATION • 3,666 SF
      790 Otay Lks Rd, Chula Vista, CA 91910-6916
      View Details
    • Value Estimation
      $5,200,000
      7,185 SF

      399 H St

      RADIO OR TV STATION • 7,185 SF
      399 H St, Chula Vista, CA 91910-5501
      View Details
    • Value Estimation by Request
      0.20 Acres

      444 H St

      RADIO OR TV STATION • 0.20 Acres
      444 H St, Chula Vista, CA 91910-4328
      View Details
    • Value Estimation by Request
      0.18 Acres

      352 H St

      RADIO OR TV STATION • 0.18 Acres
      352 H St, Chula Vista, CA 91910-5511
      View Details
    • Value Estimation by Request
      6,720 SF

      501 H St

      RADIO OR TV STATION • 6,720 SF
      501 H St, Chula Vista, CA 91910-4301
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      3,938 SF

      Chula Vista Office Space

      Executive office suite in Chula Vista's downtown district.
      237 Church Ave, Chula Vista, CA 91910
      View Details
    • $3,000,000
      8,352 SF

      Retail Property in Chula Vista

      Retail property available for sale in Chula Vista, CA.
      70 J St, Chula Vista, CA 91910
      View Details
    • $109,900

      Loft Home in 55+ Community

      400 sqft loft home in a desirable 55+ community.
      708 H St, Chula Vista, CA 91910
      View Details
    • $850,000

      Duplex Near Chula Vista Bayfront

      Duplex with garages, near downtown Chula Vista and bayfront.
      776 Oaklawn Ave, Chula Vista, CA 91910
      View Details
    • $3,500,000
      323 SF

      323 Acres Near Paradise, CA

      323 acres of land near Paradise, Butte County, CA.
      323 Ac Lago Vis Way, Paradise, CA 91910
      View Details
    • $1,999,000

      Renovated Chula Vista Multifamily Property

      Centrally located, renovated 5-unit property with commercial/residential potential.
      390 Del Mar Ave, Chula Vista, CA 91910
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • 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
    • $2 SF/Yr
      963 SF

      Chula Vista Office Space

      Office space available for lease in Chula Vista, CA.
      3450 Bonita Rd, 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
    • $300 /Mo

      Office Space Near Downtown District

      Centrally located office space near Chula Vista Downtown District.
      229 F 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.
    612 Paseo Del Rey
    Chula Vista, CA 91910-6557
    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.