Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    19115 Colima Rd Rowland Heights, CA 91748

    Sponsored
    For Sale
    $966,000

    Prime Medical Office Condo, Rowland Heights, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional investment opportunity presents a +/- 1,750 square foot commercial condo unit located at 19115 Colima Road #B06 in Rowland Heights, California, zip code 91748, within Los Angeles County. Currently undergoing an entitlement process for conversion to Medical Condos with separate Assessor's Parcel Numbers (APNs), this property is ideally suited for medical office use. The asking price is $966,000. Situated in the highly desirable Rowland Heights Medical Plaza, this unit boasts a prime location and infrastructure specifically designed for medical practices. The property is classified as both Office and Land, offering significant potential for customization and development. This is a blank canvas ready for your vision, allowing you to create the perfect medical office space. Don't miss this chance to own a piece of this thriving medical community. The property's location offers excellent accessibility and visibility, making it an attractive proposition for any medical professional seeking to establish or expand their practice. The current entitlement process ensures a streamlined path to ownership and immediate occupancy upon completion. This is a rare opportunity to acquire a well-located, versatile commercial condo in a high-demand area.

    Property Features for 19115 Colima Rd

    General Information

    Property type
    Land

    HighLights

    • 1,750 SF commercial condo unit at 19115 Colima Road #B06, Rowland Heights, CA 91748 (Los Angeles County).
    • Entitlement process underway for conversion to medical condos with separate APNs, ideal for medical office use.
    • Asking price: $966,000.
    • Located in Rowland Heights Medical Plaza, offering excellent accessibility and visibility.
    • Classified as Office and Land, allowing for customization and development.
    Property Profile Location Intelligence

    Current Use by Public Records

    terrace view Hospital Dr Wu Hospital Cherlin Angela P ... Doctor Wu Jack Xipu ... Internist SJ Byeon Medical ... Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rowland Heights
    County
    Los Angeles
    State
    California
    Longitude
    -117.8863033
    Latitude
    33.9877506

    Nearby Similar for Sale

    • $100,000

      Profitable Fitness Business Opportunity

      Well-established fitness business for sale in Rowland Heights, CA.
      18558 Gale Ave, Rowland Heights, CA 91748
      View Details
    • Contact for pricing
      129,500 SF

      Premier Rowland Heights Shopping Center

      High-performing shopping center with diverse tenants and upside potential.
      18888 Labin Ct, Rowland Heights, CA 91748
      View Details
    • $290,000

      Turnkey Hot Pot Restaurant Opportunity

      Restaurant in Rowland Heights' Seasons Place Shopping Center for sale.
      18588 Gale Ave, Rowland Heights, CA 91748
      View Details
    • $299,990

      Spacious Home in Rowland Heights

      Comfortable home with upgrades in a welcoming community.
      1441 Paso Real Ave, Rowland Heights, CA 91748
      View Details
    • $1,379,000

      Rowland Heights Income Property

      Four-unit income property in Rowland Heights neighborhood.
      2010 Ln Cueva Dr, Rowland Heights, CA 91748
      View Details
    • $300,000

      Profitable Restaurant in Diamond Plaza

      Established restaurant for sale in high-traffic Rowland Heights location.
      1370 Fullerton Rd, Rowland Heights, CA 91748
      View Details
    • $180,000

      Spacious Mobile Home Fixer-Upper

      Large mobile home with carport, ideal for renovation.
      1441 Paso Real Ave, Rowland Heights, CA 91748
      View Details
    • Contact for pricing
      46,700 SF

      Industrial Building in City of Industry

      High-image industrial building with convenient freeway access.
      17760 Rowland St, Rowland Heights, CA 91748
      View Details
    • $100,000

      Restaurant and Bar Opportunity

      Restaurant and bar with full kitchen and liquor license.
      2430 Fullerton Dr, Rowland Heights, CA 91748
      View Details
    • $318,880

      Rowland Heights Specialty Property

      Specialty property available for purchase in Rowland Heights, CA.
      1560 S Otterbein Ave, Rowland Heights, CA 91748
      View Details
    • $5,800,000
      22,638 SF

      Rowland Heights Retail Investment Opportunity

      22,638 SF retail property with 95% occupancy in Rowland Heights.
      18958 Daisetta St, Rowland Heights, CA 91748
      View Details
    • $9,800,000
      25,600 SF

      Venti Clock Tower: Rowland Heights Retail Center

      High-Yield Retail Investment, 12 Tenants
      1725 Nogales St, Rowland Heights, CA 91748
      View Details

    FAQs

    What type of property is this?
    Land - Prime Medical Office Condo, Rowland Heights, CA
    Where is this land located?
    The property is located at 19115 Colima Rd Rowland Heights, CA.
    What is the asking price?
    The asking price for this property is $966,000.
    What are key features of this property?
    This property features: 1,750 SF commercial condo unit at 19115 Colima Road #B06, Rowland Heights, CA 91748 (Los Angeles County).; Entitlement process underway for conversion to medical condos with separate APNs, ideal for medical office use.; Asking price: $966,000.
    Request Owner's contact information
    19115 Colima Rd Rowland Heights, CA 91748
    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.
    19115 Colima Rd
    Rowland Heights, CA 91748
    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.

    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
    19115 Colima Rd Rowland Heights, CA 91748
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.