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Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Office buildings
18645 Gale Ave City Of Industry, CA 91748-1362
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8386874
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
TILT-UP CONCRETE
Total area
38,320 SF
Lot
0.63 ac (27,460 SF)
Zoning code
IDM1
APN
8264-022-007
UPID
US09-8386874
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.28M
Owner & transaction history
Bankruptcy Estate Meci-33 LLC · 11 yrs held
Bankruptcy Estate Meci-33 LLC
since 2015
7 recorded transactions
Zoning & alternative use
IDM1 · City Of Industry, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,780,000
Current use
RETAIL STORES
$11,220,000
Change: -5% · Conversion: Moderate
WAREHOUSE, STORAGE
$10,735,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,700,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±10%
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
$190 / 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
$129,689
Tax year 2024
Assessed value
$10,021,654
Assessed 2024
Previous assessed
$10,021,654
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,914,965
Assessed improvement
$8,106,689
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
38,320 SF
Lot
0.63 ac (27,460 SF)
Zoning code
IDM1
APN
8264-022-007
UPID
US09-8386874
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
IDM1 · City Of Industry, CAZoning IDM1 · permitted uses
IDM1 · 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
$11.8M
RETAIL STORES
Est. value
$11.2M
WAREHOUSE, STORAGE
Est. value
$10.7M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Bankruptcy Estate Meci-33 LLC
Entity
Mailing address
18042 CORTNEY CT, CITY OF INDUSTRY, CA 91748-1202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
—
Concourse Investment Enterprise LLC
—
Deed
related
$14,500 · Wells Fargo Bank NA
Aug 1, 2017
—
Concourse Investment Ent LLC
—
Grant Deed
related
$11,600,000 · Wells Fargo Bk
Jul 6, 2015
—
Bankruptcy Estate Meci-33 LLC
Meci-33 LLC
Quit Claim Deed
related
—
Jul 2, 2015
$475,000
Concourse Investment Ent LLC
Meci-27 LLC
Grant Deed
—
Jul 2, 2015
$16,795,000
Concourse Investment Ent LLC
Mecg-concourse 1 LLC
Trustees Deed
related
$12,000,000 · First Com'l Bk
Feb 10, 2012
—
Mecg-concourse 1 LLC
—
Deed Of Trust
related
$8,000,000 · Tomatobank NA
Jul 11, 2005
—
Ronald A Woodcock
Woodcock,donna S
Quit Claim Deed
—
Jun 21, 2005
—
Meci-35 LLC
Mammoth Equities Concourse I L
Grant Deed
—
May 20, 2005
—
Meci-32 LLC
Mammoth Equities Concourse I L
Grant Deed
—
May 17, 2005
—
Meci-30 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Apr 25, 2005
—
Meci-31 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Apr 4, 2005
—
Meci-26 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Apr 4, 2005
$245,500
Meci-24 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Mar 24, 2005
—
Meci-20 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Mar 23, 2005
—
Meci-21 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Mar 14, 2005
—
Meci-16 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Mar 9, 2005
—
Meci-9 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Feb 28, 2005
—
Meci-5 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Jan 28, 2005
—
Meci-1 LLC
Mammoth Equities Concourse I L
Grant Deed
—
Jan 6, 2005
—
Equities Concourse I L Mammoth
M-california LLC
Grant Deed
$8,839,000 · Lasalle National Bank
May 15, 2003
—
Lba Realty Fund-concourse LLC
Copley-industry-gale #1 Assoc
Grant Deed
related
$33,700,000 · Sunamerica Life Insurance Co
Jun 15, 2000
—
Copley-industry-gale 1 Assoc
—
Deed Of Trust
related
$25,000,000 · Wells Fargo Bank
Aug 30, 1996
—
Industry Gale No 1 Assoc Copley
—
Deed Of Trust
related
—
Feb 16, 1995
—
Copley-industry-gale 1 Assoc
—
Deed Of Trust
related
$15,000,000 · Prudential Insurance Of Americ
Jul 31, 1990
—
Industry Gale No 1 Assoc Copley
—
Deed Of Trust
related
—
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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