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Property profile

18253 Colima Rd Rowland Heights, CA 91748

OFF-MARKET
Investment properties
Property ID
US09-7970419
View Sample
16,526 SF 0.22 ac lot Built 2008
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional two-story, 16,188 square foot shopping center presents a compelling value-add investment opportunity in Rowland Heights, California. Boasting a strong 3.97% cap rate and a substantial net operating income (NOI) of $495,849, this Class B property offers significant upside potential. Built in 2008, the center sits on a 14,946 square foot lot and features a desirable multi-tenant occupancy, including Pacific Alliance Bank, Ajisen Ramen, a hookah shop, a drama school, and a trucking corporation. The property includes convenient underground parking, ample surface parking, and elevator access. Its prime corner location provides excellent visibility and accessibility, situated minutes from the 60 freeway. The asking price is $12,500,000, translating to $772.18 per square foot. The property is offered with a triple net (NNN) lease structure and features 16,000 net rentable square feet. Parcel numbers are 8270006037 & 8270006039. This is a rare opportunity to acquire a well-located, income-producing retail asset with significant growth potential.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2008
Construction TILT-UP CONCRETE
Total area 16,526 SF
Lot 0.22 ac (9,679 SF)
Zoning code LCC1*
APN 8270-006-037
UPID US09-7970419

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$3.37M

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2018
$10.5M
2016
$9.0M
2009
Price N/A
2008
Price N/A
2006
Price N/A
1970
Price N/A

Zoning & alternative use

LCC1* · Rowland Heights, CA
Top alternative use upside
Office building $5.1M +41.2%
Retail stores $4.8M +34.5%
Warehouse, storage $4.6M +28.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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