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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
624 3rd Ave Chula Vista, CA 91910-5704
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6578108
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
2,224 SF
Lot
0.35 ac (15,200 SF)
Zoning code
COMMERCIAL
APN
573-160-29-00
UPID
US09-6578108
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
-
Kum S. Hong D.D.S. Inc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$525k
Owner & transaction history
Hong,kum S & Norma D Trust · 5 yrs held
Hong,kum S & Norma D Trust
since 2020
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
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$850,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$840,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$236 / 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
$8,159
Tax year 2024
Assessed value
$693,446
Assessed 2024
Previous assessed
$693,446
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$390,064
Assessed improvement
$303,382
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
Off-Market
Year built
1974
Heating
NONE
Units
1
Total area
2,224 SF
Lot
0.35 ac (15,200 SF)
Zoning code
COMMERCIAL
APN
573-160-29-00
UPID
US09-6578108
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
AUTO REPAIR, GARAGE
Est. value
$850,000
RETAIL STORES
Est. value
$840,000
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
1974
Heating
NONE
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Hong,kum S & Norma D Trust
Trust
Mailing address
624 3RD AVE, CHULA VISTA, CA 91910-5704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
—
Hong,kum S & Norma D Trust
—
Deed Of Trust
related
$770,000 · Fidelity Bridge Loans LLC
Sep 21, 2020
—
Hong,kum S & Norma D Trust
Kum S Hong
Quit Claim Deed
related
—
Jul 23, 2019
—
Kum S Hong
—
Deed
related
$110,000 · Gbc Int'l Bk
Jun 10, 2019
—
Kum S Hong
—
Deed
related
$350,000 · Fidelity Bancorp
Dec 23, 2013
—
Kum S Hong
Hong Kum S & Norma D Trust
Quit Claim Deed
related
$250,000 · Gbc International Bank
Dec 13, 2005
—
Hong Kum S & Norma D Trust
Hong,kum S & Norma D
Quit Claim Deed
related
—
Mar 27, 2001
—
Kum S Hong
Hong,kum S
Quit Claim Deed
related
—
Jul 29, 1991
$400,000
Neumeister,david
Neumister,david
Trustees Deed
related
—
—
—
Kum S Hong
—
Deed Of Trust
related
$350,000 · Fidelity Bancorp
—
—
Kum S Hong
—
Deed Of Trust
related
$345,000 · Wells Fargo Bank
—
—
Kum S Hong
—
Deed Of Trust
related
$350,000 · Bank Of The West
—
—
Kum S Hong
—
Deed Of Trust
related
$420,000 · First National Bank
—
—
Kum S Hong
—
Deed Of Trust
related
$110,000 · Gbc Int'l Bk
—
—
Kum S Hong
—
Deed Of Trust
related
$375,000 · Home Bank Of California
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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