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Property profile & analytics
OFF-MARKET
Estimated value
$17,130,000
Strip malls
659 Palomar St Chula Vista, CA 91911-6974
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6711036
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
57,541 SF
Lot
5.48 ac (238,708 SF)
Zoning code
COMMERCIAL
APN
641-122-14-00
UPID
US09-6711036
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
-
Starbucks Cafe & Coffee Shop
-
Ralphs Pharmacy Pharmacy
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.43M
CAP Approach
CAP
$15.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.13M
Owner & transaction history
Levon Investments LLC · 6 yrs held
Levon Investments LLC
since 2020
Last sale
$21.2M
4 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
$10,430,000
CAP Approach
CAP Return
Estimation
6%
$17,325,000
6.5%
$15,990,000
7%
$14,850,000
Blend value · Realmo final
$17.13M
Range $15.42M – $18.84M · ±10% · vs last sale $21.15M (Mar 12 2020)
Last sale anchor
$21.15M
Mar 12 2020
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
$298 / 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
$160,558
Tax year 2024
Assessed value
$10,946,695
Assessed 2024
Previous assessed
$10,946,695
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$4,176,195
Assessed improvement
$6,770,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
NONE
Units
1
Total area
57,541 SF
Lot
5.48 ac (238,708 SF)
Zoning code
COMMERCIAL
APN
641-122-14-00
UPID
US09-6711036
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
2001
Heating
NONE
Units
1
Lot
5.48 ac
Current owner
From public records · entity-resolved
Levon Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
200 E CARRILLO ST STE #200, SANTA BARBARA, CA 93101-2144
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
—
Levon Investments LLC
San Diego Assn Of Governments
Quit Claim Deed
related
—
May 1, 2017
—
Levon Investments LLC
—
Grant Deed
related
$50,000,000 · Bank Of America
Feb 2, 2010
$21,150,000
Levon Investments LLC
Levine Investments LP
Grant Deed
—
—
—
Levon Investments LLC
—
Deed Of Trust
related
—
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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