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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Office buildings
151 College St Covina, CA 91723-2008
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-7826657
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1953
Construction
WOOD
Total area
3,904 SF
Lot
0.25 ac (10,706 SF)
Zoning code
CVTCP*
APN
8431-032-003
UPID
US09-7826657
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
-
Phillip Maldonado Inc: Maldonado Elva D DDS Dental Office
-
Beauty Bar and Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.82M
Owner & transaction history
Velma A Wells · 6 yrs held
Velma A Wells
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CVTCP* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+84.9%
Auto repair, garage
$1.8M
+40.5%
Medical building
$1.8M
+38.1%
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 Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covina 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
$2,255,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,285,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,375,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,805,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,775,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,205,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$1,145,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.74M (Jan 27 2020)
Last sale anchor
$1.74M
Jan 27 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
$465 / 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
$20,893
Tax year 2024
Assessed value
$1,510,000
Assessed 2024
Previous assessed
$1,510,000
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,060,000
Assessed improvement
$450,000
Applied tax rate
3.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
3,904 SF
Lot
0.25 ac (10,706 SF)
Zoning code
CVTCP*
APN
8431-032-003
UPID
US09-7826657
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVTCP* · Covina, CA
Zoning CVTCP* · permitted uses
CVTCP* · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Velma A Wells
Individual
Free & Clear · 6 yrs held
Mailing address
151 W COLLEGE ST, COVINA, CA 91723-2008
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
—
Sycamore Tree Investment LLC
—
Deed
related
$1,050,000 · Wells Fargo Bk
Jan 27, 2020
—
Velma A Wells
David C Wells
Quit Claim Deed
related
—
Jan 27, 2020
$1,744,500
Sycamore Tree Investment LLC
Ross D Helmick
Grant Deed
$1,050,000 · Wells Fargo Bank NA
Oct 14, 2004
—
Hight Mary C 2004 Trust
Hight,mary C
Quit Claim Deed
related
—
Oct 6, 2004
—
Helmick Trust
Helmick,russell D
Quit Claim Deed
related
—
Aug 12, 2004
—
Helmick,tr
Helmick,ross D
Quit Claim Deed
related
—
Dec 30, 2003
—
Russell D Helmick
Helmick,tr
Quit Claim Deed
related
—
Dec 7, 1993
—
Helmick,mary C Tr
—
Deed Of Trust
related
—
Jun 9, 1992
—
Helmick George R
—
Deed Of Trust
related
—
—
—
Sycamore Tree Investment LLC
—
Deed Of Trust
related
$1,050,000 · Wells Fargo Bk
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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