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Property profile & analytics
FOR LEASE
Warehouses
630 Bay Blvd, Chula Vista, CA 91910
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8786271
For Lease
1 / 3
$1.35 SF/Yr
630 Bay Blvd, Chula Vista, CA 91910
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
45,230 SF
Lot
2.79 ac (121,532 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
571-330-19-00
UPID
US09-8786271
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
-
Frances Department Store Grocery & Convenience Store
-
West Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
TI Restaurant Design and Supply Big Box & Wholesale Store
-
FleetPride Auto Parts Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.12M
CAP Approach
CAP
$8.60M
Comparable Approach
Comparable
$13.65M
Blend (final)
Blend
$11.37M
Owner & transaction history
Protea Five LLC · 5 yrs held
Protea Five LLC
since 2021
Last sale
$10.8M
2 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Chula Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.2M
+79.1%
Auto repair, garage
$17.3M
+70.2%
Retail stores
$17.1M
+68.6%
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
$13,250,000
ML approach
$11,120,000
CAP Approach
CAP Return
Estimation
6%
$9,310,000
6.5%
$8,595,000
7%
$7,980,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,145,000
Current use
MEDICAL BUILDING
$18,170,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,265,000
Change: +70% · Conversion: Easy
RETAIL STORES
$17,105,000
Change: +69% · Conversion: Moderate
OFFICE BUILDING
$12,675,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$11.37M
Range $10.23M – $12.51M · ±10% · vs last sale $10.80M (May 27 2021)
Last sale anchor
$10.80M
May 27 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
$251 / 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
$105,906
Tax year 2024
Assessed value
$9,050,000
Assessed 2024
Previous assessed
$9,050,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,100,000
Assessed improvement
$6,950,000
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
For Lease
Year built
1988
Heating
NONE
Units
1
Total area
45,230 SF
Lot
2.79 ac (121,532 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
571-330-19-00
UPID
US09-8786271
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
$10.1M
MEDICAL BUILDING
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$17.3M
RETAIL STORES
Est. value
$17.1M
OFFICE BUILDING
Est. value
$12.7M
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
1988
Heating
NONE
Units
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Protea Five LLC
Entity
Mailing address
3262 HOLIDAY CT STE #100, LA JOLLA, CA 92037-1811
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
$10,800,000
Protea Five LLC
630 660 Bay Blvd LLC
Grant Deed
—
—
—
630/660 Bay Blvd LLC
—
Deed Of Trust
related
$5,500,000 · Great-west Life & Annuity Ins
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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