Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    720 3rd Ave Chula Vista, CA 91910-5804
    Back to Search
    Property profile & analytics

    720 3rd Ave, Chula Vista, CA 91910-5804

    View on Map
    • Grocery and convenience stores
    • 61,478 SF
    • 5.88 lot acres
    Off-Market
    Last Sale Nov 14, 2022
    Property ID
    US09-9465235
    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.
    Value Estimations
    $13,510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Albertsons Floral / (Bike/Boat/Book/etc) Store / Florist
    • Budget Blinds / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Volta Charging Station / Electric Vehicle Charging Station

    Property Details for 720 3rd Ave

    Year built
    1996
    Lot size
    5.88 lot acres
    Zone code
    COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    573-320-45-00
    APU
    5733204500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 14, 2022 — Safeway Realty LLC Aci Real Estate Spe 144 LLC Special Warranty Deed —
    Aug 4, 2020 — Aci Real Estate Spe 144 LLC Albertsons Stores Sub LLC Quit Claim Deed —
    Feb 27, 2018 — Albertsons Stores Sub LLC — Deed · related $130.5M · Credit Suisse Lending LLC
    Dec 20, 2017 — Albertsons Stores Sub LLC Abs Ca-o LLC Quit Claim Deed —
    Apr 12, 2013 — Abs Ca-o LLC Asp Realty INC Warranty Deed —
    Jul 19, 2006 — Asp Realty INC American Stores Properties LLC Grant Deed —
    Dec 23, 1993 $4,000,000 American Stores Properties INC First United Met Grant Deed —
    — — Abs Ca-o LLC — Deed Of Trust · related $1,145M · * Other Institutional Lenders
    — — Methodist Church Chula Vis First — Deed Of Trust · related $600k · American Stores

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,090,000
      6.5%
      $13,925,000
      7%
      $12,930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,881,000
      Market price range: $3.43M - $12.6M

    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
    32.6265
    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
    $200,555
    $6,640,053
    $10,497,324
    $17,137,377
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,155,000
      45,000 SF

      780 Otay Lks Rd

      GROCERY, SUPERMARKET
      780 Otay Lks Rd, Chula Vista, CA 91910-6916
      View Details
    • Value Estimation
      $4,240,000
      16,017 SF

      691 3rd Ave

      GROCERY, SUPERMARKET
      691 3rd Ave, Chula Vista, CA 91910-5703
      View Details
    • Value Estimation
      $5,645,000
      15,000 SF

      621 I St

      GROCERY, SUPERMARKET
      621 I St, Chula Vista, CA 91910-5110
      View Details
    • Value Estimation
      $3,435,000
      25,899 SF

      690 3rd Ave

      GROCERY, SUPERMARKET
      690 3rd Ave, Chula Vista, CA 91910-5704
      View Details
    • Value Estimation by Request
      40,317 SF

      360 H St

      GROCERY, SUPERMARKET
      360 H St, Chula Vista, CA 91910-7483
      View Details
    • Value Estimation
      $1,265,000
      5,580 SF

      402 Church Ave

      RETAIL STORES (PERSONAL SERVICES)
      402 Church Ave, Chula Vista, CA 91910-4632
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,352 SF

      Retail Property in Chula Vista

      Retail property available for sale in Chula Vista, CA.
      70 J St, Chula Vista, CA 91910
      View Details
    • $1,688,888

      Mixed-Use Redevelopment Opportunity

      Mixed-use property with redevelopment potential near 3rd Avenue Promenade.
      402 Church Ave, Chula Vista, CA 91910
      View Details
    • $1,688,888

      Mixed-Use Redevelopment Opportunity

      Prime mixed-use property with redevelopment potential near 3rd Avenue Promenade.
      402 Church Ave, Chula Vista, CA 91910
      View Details
    • Contact for pricing

      Commercial Land in Bonita Glen

      Commercial land suitable for mixed-use or multi-residential development.
      280 Bonita Glen Dr, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      1,670 SF

      Chula Vista Triplex with Upside

      Three-unit property in north Chula Vista with income potential.
      210-212 Del Mar Ave, Chula Vista, CA 91910
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,888 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      344 E H St, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      2,907 SF

      Retail Space Available For Rent

      In-line retail space available in Chula Vista, California.
      390-394 E H St, Chula Vista, CA 91910
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for lease in Chula Vista, CA.
      3041 Bonita Rd, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      943 SF

      Retail Space For Rent

      In-line retail space available for lease.
      374 E H St, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      9,600 SF

      Retail Space Available For Rent

      9,600 SF retail space for rent in Chula Vista.
      740 Otay Lakes Rd, Chula Vista, CA 91910
      View Details
    • Contact for pricing
      1,220 SF

      Retail Space on Broadway

      1,220 SF retail unit with high traffic.
      730 Broadway, Chula Vista, CA 91910
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    720 3rd Ave
    Chula Vista, CA 91910-5804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 3rd Ave, Chula Vista, CA, 91910
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!