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Property profile & analytics
OFF-MARKET
Estimated value
$10,220,000
Medical Office Space
765 3rd Ave Chula Vista, CA 91910-5841
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9462856
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Total area
42,247 SF
Lot
1.22 ac (53,143 SF)
Zoning code
COMMERCIAL
APN
573-371-24-00
UPID
US09-9462856
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
-
Michael H. Feer, LCSW Foster Care Service Social Service Agency
-
Barron's Enterprises LLC Immigration & Naturalization Service
-
SHEENA AMIN SHAH Physician
-
Ankur Bindal, MD Physician
-
Alicia Burke, DNP, PMHNP Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.02M
CAP Approach
CAP
$9.98M
Comparable Approach
Comparable
$12.40M
Blend (final)
Blend
$10.22M
Owner & transaction history
Aroga Real Estate LLC · 5 yrs held
Aroga Real Estate LLC
since 2021
Last sale
$8.5M
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
$12,450,000
ML approach
$12,015,000
CAP Approach
CAP Return
Estimation
6%
$10,810,000
6.5%
$9,975,000
7%
$9,265,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$16,970,000
Current use
AUTO REPAIR, GARAGE
$16,130,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$15,975,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.22M
Range $9.20M – $11.24M · ±10% · vs last sale $8.50M (Mar 18 2021)
Last sale anchor
$8.50M
Mar 18 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
$242 / 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
$105,556
Tax year 2024
Assessed value
$9,020,268
Assessed 2024
Previous assessed
$9,020,268
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,653,020
Assessed improvement
$6,367,248
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Heating
NONE
Units
1
Total area
42,247 SF
Lot
1.22 ac (53,143 SF)
Zoning code
COMMERCIAL
APN
573-371-24-00
UPID
US09-9462856
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$16.1M
RETAIL STORES
Est. value
$16.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1990
Heating
NONE
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Aroga Real Estate LLC
Entity
Mailing address
15144 BAROLO CT, SAN DIEGO, CA 92127-5006
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
$8,500,000
Aroga Real Estate LLC
Olvera Plaza LLC
Grant Deed
$4,250,000 · Jpmorgan Chase Bank NA
Mar 18, 2021
—
Aroga Real Estate LLC
—
Deed
related
$3,442,000 · California Statewide Certified Developme
Dec 24, 2019
—
Olvera Plaza LLC
—
Deed
related
$5,000,000 · Northeast Bank
Mar 21, 2013
—
Olvera Plaza LLC
Jose Luis Olvera
Grant Deed
$7,410,000 · Logix FCU
Sep 17, 2012
—
Jose L Olvera
Third Avenue Plaza LLC
Grant Deed
$9,400,000 · Third Avenue Plaza LLC
Jun 22, 1998
—
Third Avenue Plaza LLC
Third Ave Plaza Etal,
Quit Claim Deed
related
—
—
—
Third Avenue Plaza LLC
—
Deed Of Trust
related
$567,545 · Mgm
—
—
Ave Plaza Third
—
Deed Of Trust
related
$4,194,954 · Bank Of America
—
—
Third Avenue Plaza LLC
—
Deed Of Trust
related
$4,900,000 · National Realty Finance LLC
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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