637 3rd Ave Chula Vista, CA 91910-5707
Property profile & analytics
637 3rd Ave Chula Vista, CA 91910-5707
- Retail space
- 15,886 SF
- 0.82 lot acres
Property ID
US09-6799625
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.
Location Intelligence
Current Use by Public Records
- Mariajose Vinas, Finance of America Mortgage LLC / Loan Service / Bank
- Car Crash Counselors, APC / Law Firm
- Finance of America Mortgage LLC / Loan Service / Bank
- Xewt / Television Studio / Media Distribution
- Law Office of Edward Orendain / Law Firm
Property Details for 637 3rd Ave
- Year built
- 1990
- Lot size
- 0.82 lot acres
- Property size
- 15,886 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 573-170-28-00
- APU
- 5731702800
Description
This exceptional 31,923-square-foot executive office building in Chula Vista, California, presents a compelling owner-user and investor opportunity. Located at 637 3rd Avenue, this two-story, 1989-built property sits on a 0.82-acre lot and boasts 11 office suites ranging from 937 to 2,472 square feet—ideal for the Chula Vista market. The building currently has 51% occupancy and offers a strong potential for increased rental income due to upcoming lease rollovers. Its prime location near downtown Chula Vista, Scripps & Sharp hospitals, and with easy access to the 5 and 805 freeways, ensures high visibility and tenant demand. The property's parking ratio is 4.25 spaces per 1,000 square feet. The asking price is $5,400,000, translating to $169.16 per square foot. This property is situated in a rapidly revitalizing area, poised to benefit significantly from the upcoming Bayfront project. The building's size and suite configurations make it an attractive option for both owner-users seeking to establish a significant presence and investors looking for a value-add opportunity with potential for substantial returns. The potential for 51% owner-user occupancy by the end of 2024 may qualify a buyer for an SBA loan. This is a rare chance to acquire a well-positioned asset in a thriving Southern California market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,350,000
- ML approach
- $5,350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,900,000
- 6.5%
- $3,600,000
- 7%
- $3,340,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,845,000
Market price range: $3.53M - $9.15M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,010,000 Current use
- MEDICAL BUILDING
- $6,380,000 Change: +6% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,065,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -117.075
- Latitude
- 32.6297
- 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
$33,378
$1,549,601
$1,301,997
$2,851,598
-
$0.00
$0.00
$0.00
