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Property profile & analytics
OFF-MARKET
Estimated value
$19,300,000
Automotive properties
1505 223rd St Carson, CA 90745-4317
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6988895
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2003
Construction
TILT-UP CONCRETE
Total area
82,244 SF
Lot
3.46 ac (150,506 SF)
Zoning code
CACA*
APN
7315-039-011
UPID
US09-6988895
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
$19.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.94M
Blend (final)
Blend
$19.30M
Owner & transaction history
Matson Investments LLC · 1 yrs held
Matson Investments LLC
since 2024
Last sale
$19.3M
7 recorded transactions
Zoning & alternative use
CACA* · Carson, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.1M
+12.0%
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 Carson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson 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
$19,300,000
ML approach
$19,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$26,015,000
Current use
OFFICE BUILDING
$29,125,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$23,105,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$22,855,000
Change: -12% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$22,820,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$19.30M
Range $17.37M – $21.23M · ±10% · vs last sale $19.30M (Nov 22 2024)
Last sale anchor
$19.30M
Nov 22 2024
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
$235 / 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
$209,767
Tax year 2024
Assessed value
$16,286,575
Assessed 2024
Previous assessed
$16,286,575
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$6,860,440
Assessed improvement
$9,426,135
Applied tax rate
1.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
82,244 SF
Lot
3.46 ac (150,506 SF)
Zoning code
CACA*
APN
7315-039-011
UPID
US09-6988895
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CACA* · Carson, CA
Zoning CACA* · permitted uses
CACA* · Carson, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$26.0M
OFFICE BUILDING
Est. value
$29.1M
RETAIL STORES
Est. value
$23.1M
WAREHOUSE, STORAGE
Est. value
$22.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.8M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
3.46 ac
Current owner
From public records · entity-resolved
Matson Investments LLC
Entity
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6032
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$19,300,000
Matson Investments LLC
Lithia Real Estate INC
Special Warranty Deed
$16,830,000 · Nissan Motor Acceptance Company LLC
Aug 9, 2017
$12,117,500
Lithia Real Estate INC
Hilland Real Estate LLC
Grant Deed
—
Jul 30, 2010
$3,500,000
Carson Redevelopment Agency
Hilland Real Estate LLC
Grant Deed
$3,000,000 · Carson Redevelopment Agency
May 7, 2010
$12,000,000
Hilland Real Estate LLC
Appel Erwin & Essie Trust
Grant Deed
$8,500,000 · Appel Erwin & Essie Trust
Feb 10, 2006
—
Appel Erwin & Essie Trust
Superior Property Of Carson LLC
Grant Deed
—
Aug 11, 2004
—
Sre California-3 LLC
Superior Prop Of Carson LLC
Quit Claim Deed
related
—
—
—
Appel Erwin & Essie Trust
—
Deed Of Trust
related
$12,329,995 · City National 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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