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    Property profile & analytics

    127 Garfield Ave Monterey Park, CA 91754-1756

    • Grocery and convenience stores
    • 22,800 SF
    • 2.15 lot acres
    OFF-MARKET
    Value Estimations
    $10,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8770270
    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

    • 吕记熟食 / Restaurant
    • Finery Bakery / Bakery / (Bike/Boat/Book/etc) Store
    • Tianli Job Agency / Employment Agency
    • Good Fortune Supermarket / Specialty Food Shop / Supermarket
    • Chiaoying Art / Museum

    Property Details for 127 Garfield Ave

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    2.15 lot acres
    Property size
    22,800 SF
    Zone code
    MPC3*
    Property type
    Grocery and convenience stores
    APN
    5255-007-024
    APU
    5255007024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,405,000
      6.5%
      $7,760,000
      7%
      $7,205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,034,000
      Market price range: $4.35M - $14.0M
      AI Estimate
      $10,405,000
      Market price range: $2.00M - $10.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,740,000
      Current use
      RESTAURANT
      $14,845,000
      Change: +70% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $13,875,000
      Change: +59% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $10,545,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $10,365,000
      Change: +19% Conversion: Difficult
      OFFICE BUILDING
      $8,825,000
      Change: +1% Conversion: Easy
      COMMERCIAL (GENERAL)
      $7,045,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.124
    Latitude
    34.0633
    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
    $238,714
    $14,695,335
    $3,325,076
    $18,020,411
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,345,000
      7,577 SF

      1800 Garvey Ave

      GROCERY, SUPERMARKET • 7,577 SF
      1800 Garvey Ave, Monterey Park, CA 91754-2342
      View Details
    • Value Estimation
      $9,950,000
      33,540 SF

      330 Atlantic Blvd

      GROCERY, SUPERMARKET • 33,540 SF
      330 Atlantic Blvd, Monterey Park, CA 91754-1520
      View Details
    • Value Estimation
      $4,230,000
      22,458 SF

      122 Garvey Ave

      RETAIL STORES (PERSONAL SERVICES) • 22,458 SF
      122 Garvey Ave, Monterey Park, CA 91754-5810
      View Details
    • Value Estimation
      $635,000
      14,532 SF

      331 Atlantic Blvd

      FINANCIAL BUILDING • 14,532 SF
      331 Atlantic Blvd, Monterey Park, CA 91754-1500
      View Details
    • Value Estimation
      $1,635,000
      5,400 SF

      237 Garfield Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      237 Garfield Ave, Monterey Park, CA 91754-2903
      View Details
    • Value Estimation
      $900,000
      3,385 SF

      133 Garvey Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,385 SF
      133 Garvey Ave, Monterey Park, CA 91754-1724
      View Details

    Similar Nearby for Sale

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      8,284 SF

      Monterey Park Retail Investment

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    • $600,000
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      Monterey Park Commercial Space For Sale

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      Monterey Park Commercial Property For Sale

      Commercial property in a prime Monterey Park location.
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    • $5,700,000
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      New Commercial Building For Sale

      New construction suitable for retail, restaurant, medical, or office use.
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    • Contact for pricing

      Monterey Park Beauty Salon

      Established beauty salon for sale in Monterey Park, CA.
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      View Details
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      Retail Property in Monterey Park

      Commercial property with high visibility and traffic in Monterey Park.
      2324 S Atlantic Blvd, Monterey Park, CA 91754
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      902 SF

      Retail Space For Lease

      First floor retail space available for rent.
      450-500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $7,104 /Mo
      2,368 SF

      Retail Space in Atlantic Times Square

      Retail space for lease in Monterey Park's premier shopping center.
      500 N Atlantic Blvd Blvd, Monterey Park, CA 91754
      View Details
    • $3,983 /Mo
      1,138 SF

      Retail Space in Atlantic Times Square

      Retail space for lease in Monterey Park's premier plaza.
      500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $6,000 /Mo

      Retail/Office Space in Monterey Park

      Commercial mixed-use space in a high-traffic business area.
      199 W Garvey Ave, Monterey Park, CA 91754
      View Details
    • $7,453 /Mo
      2,192 SF

      Restaurant Space in Atlantic Times Square

      Restaurant space for lease in a high-traffic Monterey Park location.
      500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $7,024 /Mo
      2,195 SF

      Monterey Park Commercial Space Available

      Commercial space for lease in Monterey Park, California.
      500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
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    127 Garfield Ave
    Monterey Park, CA 91754-1756
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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.

    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
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