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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2219 Hacienda Blvd Hacienda Heights, CA 91745-4639

    • Office buildings
    • 19,886 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2024
    $176,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8517878
    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

    • Office buildings

    Property Details for 2219 Hacienda Blvd

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    19,886 SF
    Zone code
    LCCH*
    Property type
    Office buildings
    APN
    8215-024-007
    APU
    8215024007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hacienda Heights
    County
    Los Angeles
    State
    California
    Longitude
    -117.969
    Latitude
    33.9941
    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
    $50,361
    $844,461
    $2,814,923
    $3,659,384
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,015,000
      6,906 SF

      15722 Gale Ave

      PROFESSIONAL BUILDING • 6,906 SF
      15722 Gale Ave, La Puente, CA 91745-1561
      View Details
    • Value Estimation by Request
      401 SF

      2440 Hacienda Blvd Ste, Unit 118

      OFFICE BUILDING • 401 SF
      2440 Hacienda Blvd Ste, Hacienda Heights, CA 91745-4765
      View Details
    • Value Estimation by Request
      365 SF

      2440 Hacienda Blvd Ste, Unit 209

      OFFICE BUILDING • 365 SF
      2440 Hacienda Blvd Ste, Hacienda Heights, CA 91745-4768
      View Details
    • Value Estimation
      $1,070,000
      13,000 SF

      Hacienda Heights, CA 91745

      PROFESSIONAL BUILDING • 13,000 SF
      Hacienda Heights, CA 91745
      View Details
    • Value Estimation
      $5,595,000
      26,876 SF

      1221 Hacienda Blvd

      OFFICE BUILDING • 26,876 SF
      1221 Hacienda Blvd, Hacienda Heights, CA 91745-2232
      View Details
    • Value Estimation
      $2,260,000
      11,019 SF

      1141 Hacienda Blvd

      OFFICE BUILDING • 11,019 SF
      1141 Hacienda Blvd, Hacienda Heights, CA 91745
      View Details

    Similar Nearby for Sale

    • $359,888

      Hacienda Heights Professional Condo Unit

      Immaculate 400 SF condo unit ideal for professional office.
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    • $250,000

      Hacienda Heights Office Space For Sale

      Office space in Hacienda Professional Plaza, freshly painted with new flooring.
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    • $359,888

      Hacienda Heights Professional Condo

      Immaculate 400 SF condo in Hacienda Heights.
      2440 S Hacienda 109, Hacienda Heights, CA 91745
      View Details
    • $3,500,000
      1,584 SF

      3 Bay Operational Service/Gas Station For Sale

      Automotive properties • 1,584 SF
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    • $90,000

      Land Available for Sale

      Land available for sale at $11.
      1655 S Azusa Ave, Hacienda Heights, CA 91745
      View Details
    • $125,000
      20,258.00 Acres

      Hacienda Heights Land Opportunity

      Land available in a private community, ready for a new estate.
      Edgeridge Dr, Hacienda Heights, CA 91745
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    Similar Nearby for Lease

    • Contact for pricing
      225,272 SF

      Cubework Turnbull: Industrial Office Space

      City of Industry, CA: Flexible Office & Warehouse
      900 Turnbull Canyon Rd, City of Industry, CA 91745
      View Details
    • $3,500 /Mo

      Versatile Multi-Tenant Building For Lease

      Multi-tenant building suitable for office, medical, or retail use.
      3205 S Hacienda Blvd, Hacienda Heights, CA 91745
      View Details
    • $1,368 /Mo

      Office Space Sublease Opportunity

      Divisible office spaces for sublease in Industry, CA.
      16520 Gale St, Hacienda Heights, CA 91745
      View Details
    • $1,500 /Mo
      369 SF

      Hacienda Heights Office Suite For Lease

      Well-maintained office suite in Hacienda Heights with utilities included.
      2440 S Hacienda, Hacienda Heights, CA 91745
      View Details
    • $25,520
      17,013 SF

      City of Industry Industrial Warehouse

      Industrial warehouse with office space, loading docks, and secured yard.
      1315 S Johnson Dr, City of Industry, CA 91745
      View Details
    • $1,368 /Mo

      Divisible Office Space For Sublease

      Office space for sublease in a convenient location.
      16520 Gale Ave, City of Industry, CA 91745
      View Details
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    Hacienda Heights, CA 91745-4639
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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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