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Property profile & analytics
OFF-MARKET
Estimated value
$7,165,000
Office buildings
1199 Fairway Dr City Of Industry, CA 91789-2832
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8521043
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
23,400 SF
Lot
1.2 ac (52,280 SF)
Zoning code
IDM*
APN
8762-001-026
UPID
US09-8521043
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.73M
CAP Approach
CAP
$8.40M
Comparable Approach
Comparable
$9.51M
Blend (final)
Blend
$7.17M
Owner & transaction history
New Wave Lending Group LLC · 5 yrs held
New Wave Lending Group LLC
since 2020
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
IDM* · City Of Industry, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.8M
+3.1%
Medical building
$10.6M
+1.4%
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 City Of Industry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs City Of Industry 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
$6,995,000
ML approach
$7,725,000
CAP Approach
CAP Return
Estimation
6%
$9,095,000
6.5%
$8,395,000
7%
$7,795,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,495,000
Current use
AUTO REPAIR, GARAGE
$10,825,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$10,635,000
Change: +1% · Conversion: Easy
RETAIL STORES
$8,970,000
Change: -15% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,855,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.17M
Range $6.45M – $7.88M · ±10% · vs last sale $6.36M (Oct 16 2020)
Last sale anchor
$6.36M
Oct 16 2020
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
$306 / 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
$89,701
Tax year 2024
Assessed value
$6,945,166
Assessed 2024
Previous assessed
$6,945,166
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$3,395,865
Assessed improvement
$3,549,301
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
23,400 SF
Lot
1.2 ac (52,280 SF)
Zoning code
IDM*
APN
8762-001-026
UPID
US09-8521043
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
IDM* · City Of Industry, CAZoning IDM* · permitted uses
IDM* · City Of Industry, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.6M
RETAIL STORES
Est. value
$9.0M
WAREHOUSE, STORAGE
Est. value
$8.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
New Wave Lending Group LLC
Entity
Mailing address
1199 FAIRWAY DR, CITY OF INDUSTRY, CA 91789-2832
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 29, 2022
—
New Wave Lending Group LLC
—
Deed
related
$1,900,000 · City National Bank
Oct 16, 2020
$6,359,000
New Wave Lending Group LLC
California University Of Business &
Grant Deed
$3,500,000 · City National Bank
Jul 2, 2019
—
California Unvi Of Busn & Technol
—
Deed
related
$3,800,000 · Tri Counties Bank
Dec 9, 2015
$5,892,500
California University Of Business &
Guarding Angel Properties LLC
Grant Deed
$4,414,900 · First General Bank
Mar 17, 2010
—
Guarding Angel Properties LLC
Fairwaycolima LLC
Grant Deed
$1,925,000 · Wells Fargo Bank NA
Apr 29, 2005
—
Fairwaycolima LLC
Owner,record
Grant Deed
related
—
Jan 20, 2005
—
Fairwaycolima LLC
Mackprang,terry F & Maureen
Quit Claim Deed
related
—
Jun 10, 2003
—
Gala,tr
Fairway Venture LLC
Grant Deed
related
—
Mar 13, 2001
—
Sadd,adeeb G & Carolyn J Trustee
Sadd,a G & C J
Quit Claim Deed
related
—
Feb 18, 2000
—
Fairway Venture
Fairway,assocs
Quit Claim Deed
related
—
Feb 18, 2000
$2,340,000
Olga J Etal Fadell
—
Grant Deed
related
—
—
—
California Unvi Of Busn & Technol
—
Deed Of Trust
related
$3,800,000 · Tri Counties Bank
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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