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    • Brokers

    Pyung Kim, La Crescenta, CA

    License ID: 01892011
    New Star Realty & Investment
    Years of Experience
    5
    Association
    Pasadena Foothills Association Of Realtors

    Contact details

    Phone:
    (626) 461-6922
    Office Address:
    425 W Le Roy Ave, Arcadia, CA, 91007

    Performance

    Listings
    13
    Total transactions
    9
    Total transactions amount
    $2M
    Price range
    $148k - 333k
    Average price
    $222k

    Listings

    For Sale (13)

    View map
    • $50,000

      Lucerne Valley 10-Acre Parcel

      10 acres near roads, highways, shopping, and entertainment.
      Mountain View Rd, Lucerne Valley, CA 92356
      View Details
    • $89,900

      Phelan Manufactured Home in Park

      Affordable 2-bed, 2-bath home in a 55+ Phelan park.
      10200 Johnson Rd, Phelan, CA 92371
      View Details
    • $195,000

      Land For Sale

      Land available for purchase.
      Camellia Rd, Adelanto, CA 92301
      View Details
    • $80,000

      Lucerne Valley 10-Acre Land Parcel

      Two adjacent 5-acre parcels in Lucerne Valley, California.
      Camp Rock Rd, Lucerne Valley, CA 92356
      View Details
    • $350,000

      Lucerne Valley Income-Generating Jujube Farm

      46-acre farm with 1,500 mature jujube trees.
      12500 Locust Ave, Lucerne Valley, CA 92356
      View Details
    • $200,000

      Lucerne Valley 40-Acre Land

      Two adjacent parcels totaling 40 acres in Lucerne Valley.
      Spinal Rd, Lucerne Valley, CA 92356
      View Details
    • $750,000

      80 Acres in Lucerne Valley

      80-acre parcel with Rural Living zoning in Lucerne Valley.
      33535 Rabbit Springs Rd, Lucerne Valley, CA 92356
      View Details
    • $70,000

      Lucerne Valley Vacant Land

      9.68 acres of vacant land in Lucerne Valley.
      Meridian Rd, Lucerne Valley, CA 92356
      View Details
    • Contact for pricing

      Affordable Desert Land Parcel

      10 acres of vacant desert land near Barstow, California.
      Freemont, Hinkley, CA 92347
      View Details
    • $200,000

      Lucerne Valley Land For Sale

      Land with potential in a prime Lucerne Valley location.
      32926 Sunrise Rd, Lucerne Valley, CA 92356
      View Details
    • $80,000

      Lucerne Valley Vacant Land Parcel

      8.49-acre vacant land parcel at high-visibility corner.
      Ca 18, Lucerne Valley, CA 92356
      View Details
    • $70,000

      Newberry Springs 10-Acre Property

      10-acre property in Newberry Springs with private well.
      33448 Fremont Rd, Newberry Springs, CA 92365
      View Details
    • $58,000

      Lucerne Valley Desert Land Parcel

      10 acre desert land parcel in Lucerne Valley, California.
      Sunrise Rd, Lucerne Valley, CA 92356
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Pyung Kim, La Crescenta, CA
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    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.

    Alternative use

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

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    Pyung Kim, La Crescenta, CA
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