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Property profile & analytics
FOR LEASE
Manufacturing properties
780 Bay Blvd, Chula Vista, CA 91910
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8786258
For Lease
1 / 2
$17,190,000
780 Bay Blvd, Chula Vista, CA 91910
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
99,630 SF
Lot
5.44 ac (236,966 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
571-170-17-00
UPID
US09-8786258
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
-
San Ysidro Health Project Luna Community Health Centre Health Care Facility
-
Pima Medical Institute - Chula Vista College Community College
-
South County Economic Development Council Social Service Agency
-
San Diego Industrial Drone Consortium Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.19M
Owner & transaction history
Protea Five LLC · 5 yrs held
Protea Five LLC
since 2021
Last sale
$17.6M
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Chula Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$27.9M
+10.7%
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
$17,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,890,000
6.5%
$15,590,000
7%
$14,475,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$25,215,000
Current use
OFFICE BUILDING
$27,920,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$17.19M
Range $15.47M – $18.91M · ±10% · vs last sale $17.60M (May 27 2021)
Last sale anchor
$17.60M
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
$173 / 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
$195,869
Tax year 2024
Assessed value
$18,677,260
Assessed 2024
Previous assessed
$18,677,260
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$7,428,456
Assessed improvement
$11,248,804
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1986
Heating
NONE
Units
1
Total area
99,630 SF
Lot
5.44 ac (236,966 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
571-170-17-00
UPID
US09-8786258
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
INDUSTRIAL (GENERAL) Current
Est. value
$25.2M
OFFICE BUILDING
Est. value
$27.9M
INDUSTRIAL (GENERAL) Current
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
1986
Heating
NONE
Units
1
Lot
5.44 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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
$17,600,000
Protea Five LLC
780 Bay Blvd LLC
Grant Deed
—
Feb 22, 2005
—
Foster Investment Corp
Ratner Dev
Quit Claim Deed
related
—
Jan 26, 2005
—
780 Bay Blvd LLC
Foster Investment Corp
Quit Claim Deed
related
—
—
—
Foster Propertie
—
Deed Of Trust
related
$7,728,745 · Principal Mutual Life Ins
—
—
780 Bay Blvd LLC
—
Deed Of Trust
related
$8,700,000 · Miscellaneous Ins Co
—
—
780 Bay Blvd LLC
—
Deed Of Trust
related
$8,000,000 · Allstate Life Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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