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Property profile & analytics
OFF-MARKET
Estimated value
$15,215,000
Community centers
624 Palomar St 42 Chula Vista, CA 91911-2624
Entity Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8787842
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1995
Total area
61,651 SF
Lot
1.46 ac (63,597 SF)
Zoning code
COMMERCIAL
APN
622-031-06-00
UPID
US09-8787842
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
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Freeway Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.22M
Owner & transaction history
Cypress Creek Co L P <dba Ptc In · 31 yrs held
Cypress Creek Co L P <dba Ptc In
since 1994
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
by Request
CAP Approach
CAP Return
Estimation
6%
$18,560,000
6.5%
$17,135,000
7%
$15,910,000
Blend value · Realmo final
$15.22M
Range $13.69M – $16.74M · ±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
$247 / 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
$90,711
Tax year 2024
Assessed value
$7,755,082
Assessed 2024
Previous assessed
$7,755,082
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$992,222
Assessed improvement
$6,762,860
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1995
Heating
NONE
Units
1
Total area
61,651 SF
Lot
1.46 ac (63,597 SF)
Zoning code
COMMERCIAL
APN
622-031-06-00
UPID
US09-8787842
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.
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Cypress Creek Co L P <dba Ptc In
Entity
Free & Clear · 31 yrs held
Mailing address
8095 OTHELLO AVE, SAN DIEGO, CA 92111-3713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 1994
$373,188
Cypress Creek Co L P <dba Ptc In
—
Grant Deed
related
—
Oct 15, 1993
$425,000
Cypress Creek Co LP
Chula Vista Cong
Grant Deed
—
Jul 8, 1993
$104,084
Juan L Mercado
Uribe,daniel
Trustees Deed
related
—
May 28, 1993
$518,500
Cypress Creek Co LP
Iwashita Trust
Trustees Deed
—
May 28, 1993
$3,369,500
Cypress Creek Co LP
Iwashita Trust
Trustees Deed
—
Apr 30, 1993
$50,000
Cypress Creek Co
Green,curtis E &
Grant Deed
—
Apr 7, 1993
$59,500
Ptc Investments Co
Mora,esequiel P
Grant Deed
—
Mar 31, 1993
$130,000
Cypress Creek Co
Hernandez,raymon
Grant Deed
—
Jan 10, 1990
—
Rodney Henderson
Henderson Marily
Quit Claim Deed
related
$120,000
Jan 10, 1990
$150,000
Henderson Rodney
Vasquez Alfredo
Trustees Deed
—
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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