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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
239 Chestnut Ave Monrovia, CA 91016-3315
Entity Owned
Free & Clear
Property ID
US09-8788968
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
1,620 SF
Lot
0.79 ac (34,330 SF)
Zoning code
MOM*
APN
8508-005-047
UPID
US09-8788968
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
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$715k
Owner & transaction history
North Star Minerals INC
North Star Minerals INC
since 2025
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$985,000
+107.1%
Auto repair, garage
$750,000
+57.4%
Medical building
$735,000
+54.7%
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 Monrovia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monrovia 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
$685,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: +107% · Conversion: Moderate
AUTO REPAIR, GARAGE
$750,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$500,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $750k (Sep 22 2025)
Last sale anchor
$750k
Sep 22 2025
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
$441 / 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
$8,313
Tax year 2024
Assessed value
$610,194
Assessed 2024
Previous assessed
$610,194
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$185,711
Assessed improvement
$424,483
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Units
1
Total area
1,620 SF
Lot
0.79 ac (34,330 SF)
Zoning code
MOM*
APN
8508-005-047
UPID
US09-8788968
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOM* · Monrovia, CA
Zoning MOM* · permitted uses
MOM* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monrovia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$475,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$750,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$725,000
RETAIL STORES
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$500,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
2019
Construction
CONCRETE
Heating
NONE
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
North Star Minerals INC
Entity
Free & Clear · 0 yrs held
Mailing address
239 W CHESTNUT AVE, MONROVIA, CA 91016-3315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
$750,000
North Star Minerals INC
Iconic Rs LLC
Grant Deed
—
Feb 11, 2021
$575,000
Iconic Rs LLC
820 S Magnolia Avenue LLC
Grant Deed
$281,500 · Meadows Bank
Feb 11, 2021
—
Iconic Rs LLC
—
Deed
related
$188,000 · Ampac Tri State Cdc INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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