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

    233 Glendora Ave Glendora, CA 91741-3419

    • Office buildings
    • 2,972 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Jul 25, 2022
    $1,014,010
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    6.8%
    Office buildings
    Location Intelligence
    Property ID
    US09-6189691
    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

    • K2 Financial / Financial Advisor
    • Jeff Brang, Real Estate Broker / Real Estate Agent
    • Forever Chic Hair Salon / Hair Salon

    Property Details for 233 Glendora Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    2,972 SF
    Zone code
    GDC_RT66SP
    Property type
    Office buildings
    APN
    8639-003-007
    APU
    8639003007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $960,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,155,000
      6.5%
      $1,065,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,152,000
      Market price range: $416k - $1.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $855,000
      Current use
      AUTO REPAIR, GARAGE
      $1,375,000
      Change: +61% Conversion: Difficult
      MEDICAL BUILDING
      $1,350,000
      Change: +58% Conversion: Easy
      RETAIL STORES
      $1,025,000
      Change: +20% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $920,000
      Change: +7% Conversion: Easy
      WAREHOUSE, STORAGE
      $875,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendora
    County
    Los Angeles
    State
    California
    Longitude
    -117.866
    Latitude
    34.1332
    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
    $13,058
    $714,000
    $320,280
    $1,034,280
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,785,000
      19,419 SF

      2001 Financial Way

      OFFICE BUILDING • 19,419 SF
      2001 Financial Way, Glendora, CA 91741-4600
      View Details
    • Value Estimation
      $1,390,000
      9,020 SF

      217 Glendora Ave

      OFFICE BUILDING • 9,020 SF
      217 Glendora Ave, Glendora, CA 91741
      View Details
    • Value Estimation by Request
      1,112 SF

      175 Pennsylvania Ave Ste, Unit 1

      PROFESSIONAL BUILDING • 1,112 SF
      175 Pennsylvania Ave Ste, Glendora, CA 91741-3316
      View Details
    • Value Estimation
      $890,000
      3,100 SF

      430 Foothill Blvd

      OFFICE BUILDING • 3,100 SF
      430 Foothill Blvd, Glendora, CA 91741-3361
      View Details
    • Value Estimation by Request
      1,156 SF

      715 Foothill Blvd

      PROFESSIONAL BUILDING • 1,156 SF
      715 Foothill Blvd, Glendora, CA 91741-2473
      View Details
    • Value Estimation
      $850,000
      3,956 SF

      241 Glendora Ave

      PROFESSIONAL BUILDING • 3,956 SF
      241 Glendora Ave, Glendora, CA 91741-3419
      View Details

    Similar Nearby for Sale

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      Remodeled Office Building in Glendora

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      Glendora Headquarters Building For Sale

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      Glendora Office Building For Sale

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    • $1,895,000
      5,510 SF

      Leased Office/Retail Building For Sale

      100% leased office/retail building with low historical vacancies.
      201-209 W Foothill Blvd, Glendora, CA 91741
      View Details
    • Contact for pricing
      1,500 SF

      Glendora Office Space For Sale

      Office space with auxiliary parking/storage, accessible to freeway.
      430 W Foothill Blvd, Glendora, CA 91741
      View Details
    • $6,500,000
      14,873 SF

      Freestanding Retail Building For Sale

      Freestanding retail building suitable for various commercial uses.
      526 W Foothill Blvd, Glendora, CA 91741
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      24,462 SF

      Prime Glendora Office Building

      Three-story office building near Downtown Glendora Village with freeway access.
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      View Details
    • $4,000 /Mo

      Glendora Commercial Spanish Style Property

      Charming Spanish-style commercial property in the heart of Glendora.
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      View Details
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      Glendora Office or Retail Space

      Office or retail space near Glendora's Downtown Village.
      303 W Foothill Blvd, Glendora, CA 91741
      View Details
    • $1.90 SF/Yr
      9 SF

      Office Suite For Rent

      Office suite featuring a reception area, private offices, and kitchen.
      217-223 S Glendora Ave, Glendora, CA 91741
      View Details
    • $22 SF/Yr
      24,462 SF

      Glendora Office Building - 24,462 SF

      Prime Glendora office space, multiple tenants.
      510 Grand Ave, Glendora, CA 91741
      View Details
    • Contact for pricing

      Downtown Glendora Office Space

      Charming 280 sq. ft. office space in downtown Glendora.
      157 N Glendora Ave, Glendora, CA 91741
      View Details
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    233 Glendora Ave
    Glendora, CA 91741-3419
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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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