Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1135 Westminster Ave Ste M Alhambra, CA 91803-1252

    • Warehouses
    • 2,730 SF
    • 2.62 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2024
    $627,500
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence
    Property ID
    US09-9234140
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taslef Inc / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Nashor Group / Corporate Office
    • Cilicon / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Little Jasmine / Food Processing Plant / Factory
    • METALIFE INC / Marketing & Advertising / IT Consulting Firm

    Property Details for 1135 Westminster Ave Ste M

    Year built
    2008
    Construction
    TILT-UP CONCRETE
    Lot size
    2.62 lot acres
    Property size
    2,730 SF
    Zone code
    ALMPD*
    Property type
    Warehouses
    APN
    5342-034-029
    APU
    5342034029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $630,000
      ML approach
      $630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $476,000
      Market price range: $144k - $547k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $800,000
      Current use
      OFFICE BUILDING
      $910,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $845,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alhambra
    County
    Los Angeles
    State
    California
    Longitude
    -118.157
    Latitude
    34.0803
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,915
    $540,745
    $253,094
    $793,839
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,885,000
      52,159 SF

      951 Meridian Ave

      WAREHOUSE, STORAGE • 52,159 SF
      951 Meridian Ave, Alhambra, CA 91803-1249
      View Details
    • Value Estimation
      $1,480,000
      10,866 SF

      1078 Westminster Ave

      WAREHOUSE, STORAGE • 10,866 SF
      1078 Westminster Ave, Alhambra, CA 91803-1231
      View Details
    • Value Estimation
      $4,190,000
      22,568 SF

      625 Palm Ave

      WAREHOUSE, STORAGE • 22,568 SF
      625 Palm Ave, Alhambra, CA 91803-1424
      View Details
    • Value Estimation by Request
      2,080 SF

      1135 Westminster Ave Ste K

      WAREHOUSE, STORAGE • 2,080 SF
      1135 Westminster Ave Ste K, Alhambra, CA 91803-1252
      View Details
    • Value Estimation by Request
      2,028 SF

      1139 Westminster Ave Ste B

      WAREHOUSE, STORAGE • 2,028 SF
      1139 Westminster Ave Ste B, Alhambra, CA 91803-1253
      View Details
    • Value Estimation by Request
      2,640 SF

      1135 Westminster Ave Ste A

      WAREHOUSE, STORAGE • 2,640 SF
      1135 Westminster Ave Ste A, Alhambra, CA 91803-1252
      View Details

    Similar Nearby for Sale

    • $6,500,000
      15,029 SF

      Alhambra Commercial Kitchen and Warehouse

      Turnkey office, warehouse, and central kitchen facility in Alhambra.
      429 S Palm Ave, Alhambra, CA 91803
      View Details
    • $995,000
      2,675 SF

      Alhambra Industrial Condo For Sale

      High-image industrial condo in Alhambra, leased through April 2027.
      1135 Westminster Ave, Alhambra, CA 91803
      View Details
    • Contact for pricing
      1,425 SF

      Alhambra Mixed-Use Space - $1900/Month

      Spacious Alhambra mixed-use unit, prime location.
      1212 Unit 201, Alhambra, CA 91803
      View Details
    • $1,099,000
      2,692 SF

      Charming Alhambra Triplex with Upside

      Spanish-style triplex in Alhambra with income potential.
      1343 Edgewood Dr, Alhambra, CA 91803
      View Details
    • Contact for pricing
      109,336 SF

      Industrial Redevelopment Site For Sale

      2.51 acre industrial site with freeway access in Alhambra.
      715-1147 S Meridian Ave, Alhambra, CA 91803
      View Details
    • $5,100,000
      15,600 SF

      Alhambra Mixed-Use Investment

      Prime Alhambra location, dual income potential.
      Vly Blvd Blvd, Alhambra, CA 91803
      View Details

    Similar Nearby for Lease

    • $0.98 SF/Yr
      30,744 SF

      Free Standing Building For Rent

      3,000 SF showroom with high ceiling and HVAC.
      1600 Orange St, Alhambra, CA 91803
      View Details
    • New
      $7,500 /Mo
      1,959 SF

      Corner Commercial Property in Alhambra

      Highly visible commercial property suitable for auto sales or other uses.
      1744 Valley Blvd W, Alhambra, CA 91803
      View Details
    • $22 SF/Yr
      16,710 SF

      Alhambra Office Building - 16,710 SF

      Prime Alhambra office space, multiple tenants.
      407 Valley Blvd, Alhambra, CA 91803
      View Details
    • $24 SF/Yr
      4,000 SF

      Alhambra Retail Space - Valley Blvd

      Prime Alhambra retail space, high visibility location.
      1533 Valley Blvd, Alhambra, CA 91803
      View Details
    • $1,900 /Mo

      Cozy Alhambra Back Studio

      Back studio with private patio and parking in Alhambra.
      1100 Winthrop Dr, Alhambra, CA 91803
      View Details
    • $39 SF/Yr
      1,920 SF

      Alhambra Retail Space: 550 SF Available

      Prime Alhambra retail space, ideal for various businesses.
      525 Valley Blvd, Alhambra, CA 91803
      View Details
    Request Owner's contact information
    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.
    1135 Westminster Ave Ste M
    Alhambra, CA 91803-1252
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!