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Property profile & analytics
FOR LEASE
Retail space
102 S Myrtle Ave Monrovia, CA 91016
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8220746
For Lease
1 / 7
$39 SF/Yr
102 S Myrtle Ave, Monrovia, CA 91016
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
TILT-UP CONCRETE
Total area
7,948 SF
Lot
0.24 ac (10,505 SF)
Zoning code
MOCD*
APN
8516-005-036
UPID
US09-8220746
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
-
Starbucks Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.89M
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$4.06M
Owner & transaction history
Monrovia Town Center LLC · 3 yrs held
Monrovia Town Center LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
MOCD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+69.9%
Neighborhood: shopping center
$4.8M
+58.8%
Auto repair, garage
$3.7M
+20.7%
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 Monrovia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monrovia 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
$3,895,000
ML approach
$3,890,000
CAP Approach
CAP Return
Estimation
6%
$2,930,000
6.5%
$2,705,000
7%
$2,510,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,045,000
Current use
RESTAURANT
$5,175,000
Change: +70% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,835,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,675,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$3,615,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$3,565,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,455,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.06M
Range $3.65M – $4.47M · ±10% · vs last sale $4.23M (Nov 18 2022)
Last sale anchor
$4.23M
Nov 18 2022
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
$511 / 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
$45,864
Tax year 2024
Assessed value
$3,238,500
Assessed 2024
Previous assessed
$3,238,500
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,734,000
Assessed improvement
$1,504,500
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
7,948 SF
Lot
0.24 ac (10,505 SF)
Zoning code
MOCD*
APN
8516-005-036
UPID
US09-8220746
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCD* · Monrovia, CA
Zoning MOCD* · permitted uses
MOCD* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monrovia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
RESTAURANT
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Monrovia Town Center LLC
Entity
Mailing address
2398 BATEMAN AVE, DUARTE, CA 91010-3312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
Monrovia Town Center LLC
—
Deed
related
$425,000 · E Central Cu
Dec 20, 2022
—
Monrovia Town Center LLC
—
Deed
related
$2,125,000 · E Central Cu
Nov 18, 2022
$4,225,000
Monrovia Town Center LLC
Mbb Property LLC
Grant Deed
—
Jun 8, 2022
—
Mbb Property LLC
—
Deed
related
$1,512,000 · Woori America Bank
Jun 30, 2005
$3,700,000
Mbb Property LLC
Todd E Mills
Grant Deed
$1,675,000 · Jpmorgan Chase Bank NA
Jun 7, 2005
—
Cooper Family Trust
Cooper,francine T
Quit Claim Deed
related
—
Apr 25, 2003
—
Mills,tr
Mills,todd E & Trish H
Quit Claim Deed
related
$1,421,000 · First Federal Bank Ca
Dec 9, 2002
—
Tolkin,tr
Tolkin,jonathan A & Virginia M
Quit Claim Deed
related
—
May 9, 2001
—
Todd E Mills
Mills,t E
Quit Claim Deed
related
$1,150,000 · Preferred Bank
Jan 11, 1999
—
Todd E Mills
Security Tr,
Grant Deed
related
—
Jan 29, 1998
—
Security Trust Co
Wells Fargo Bank
Grant Deed
$480,000 · United National Bank
—
—
Security Trust Co
—
Deed Of Trust
related
$285,000 · Individual
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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