Technical
Financial
Distress signals
Property profile

821 Main St Chula Vista, CA 91911

FOR SALE
Industrial land
Property ID
US09-7836860
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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821 Main St, Chula Vista, CA 91911 For Sale
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821 Main St, Chula Vista, CA 91911
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Property summary

AI-generated overview

This exceptional 13.3-acre industrial land parcel in Chula Vista, California, presents a unique investment opportunity. Located at 821 Main St, Chula Vista, CA 91911 (APN: 644-050-13, 644-050-14), the property is zoned I-L (Limited Industrial Zone), allowing for diverse development options. The site is fully entitled and boasts a CEQA IS/MND approval, streamlining the development process. A proposed plan includes a 135,000 gross square foot, multi-story, tiered self-storage project on approximately 6.2 acres, leaving the remaining acreage suitable for industrial, industrial yard, parking, or other commercial uses. The initial design envisioned a larger 290,000 square foot self-storage facility plus 120 RV spaces. The current proposal, however, offers a significantly reduced project budget. This prime location is adjacent to over 17 residential projects in various stages of planning and approval, comprising over 10,000 single and multi-family units, indicating strong future demand. The seller may consider selling a portion of the land separately for self-storage development. This presents a compelling opportunity for developers seeking a fully entitled site with significant potential in a rapidly growing area.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Zoning code INDUSTRIAL (M ZONE)
APN 644-050-13-00
UPID US09-7836860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

821 Main St Chula Vista, CA 91911
Chula Vista metro Census 13317 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.78M

Owner & transaction history

since 2021
Last sale
$3.8M
6 recorded transactions
2021
Price N/A
2021
$3.8M
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

INDUSTRIAL (M ZONE) · Chula Vista, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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