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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Office buildings
243 Oberlin Ave Claremont, CA 91711-4623
Trust Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6326993
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
WOOD
Total area
2,976 SF
Lot
0.14 ac (6,316 SF)
Zoning code
CLRM2000*
APN
8313-011-003
UPID
US09-6326993
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
Current use
Occupant on record · Public records
-
California School News Newspaper & Magazine Television Studio
-
Vma Communications Inc Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
Martinez,v E Living Trust · 12 yrs held
Martinez,v E Living Trust
since 2013
7 recorded transactions
Zoning & alternative use
CLRM2000* · Claremont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+3.1%
Medical building
$1.4M
+1.4%
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 Claremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Claremont 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%
$1,155,000
6.5%
$1,070,000
7%
$990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,335,000
Current use
AUTO REPAIR, GARAGE
$1,375,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,355,000
Change: +1% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$313 / 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
$12,077
Tax year 2024
Assessed value
$945,676
Assessed 2024
Previous assessed
$945,676
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$554,691
Assessed improvement
$390,985
Applied tax rate
2.0000
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
2016
Construction
WOOD
Heating
NONE
Stories
1
Rooms
6
Bathrooms
2
Total area
2,976 SF
Lot
0.14 ac (6,316 SF)
Zoning code
CLRM2000*
APN
8313-011-003
UPID
US09-6326993
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CLRM2000* · Claremont, CA
Zoning CLRM2000* · permitted uses
CLRM2000* · Claremont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Claremont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2016
Construction
WOOD
Heating
NONE
Stories
1
Rooms
6
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Martinez,v E Living Trust
Trust
Mailing address
2687 SAN ANGELO DR, CLAREMONT, CA 91711-1557
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2016
—
Valerie E Martinez
—
Deed
related
$529,000 · Enterprise Funding Corp
Sep 30, 2015
—
Martinez,v E Living Trust
—
Trustees Deed
related
$721,500 · Zions First Nat'l Bk
Dec 24, 2013
—
Martinez,v E Living Trust
Martinez,valerie E
Quit Claim Deed
related
—
Dec 13, 2006
$540,000
Valerie E Martinez
Berrong,john W JR & Jeanne K
Grant Deed
$432,000 · Provident Savings Bank
Apr 3, 2001
$165,000
John W Huber
Jobe,richard J
Grant Deed
$132,000 · Washington Mutual Home Loans
Apr 2, 2001
$165,000
John Huber
Jobe,richard J
Grant Deed
$132,000 · Washington Mutual Home Loans
Mar 21, 2000
—
Richard J Jobe
Jobe,r J
Quit Claim Deed
related
—
Oct 4, 1999
—
Richard J Jobe
—
Deed Of Trust
related
—
Feb 12, 1999
—
Jobe Marion W Decd Est Of
—
Deed Of Trust
related
—
—
—
Marion W Jobe Estate
—
Deed Of Trust
related
$14,700 · Budget National Finance Co
—
—
Martinez,v E Living Trust
—
Deed Of Trust
related
$613,020 · Mercantile Cap
—
—
Richard J Jobe
—
Deed Of Trust
related
$128,000 · Equicredit Corp
—
—
Richard J Jobe
—
Deed Of Trust
related
$11,000 · Irwin Home Equity Corp
—
—
Richard J Jobe
—
Deed Of Trust
related
$92,000 · Budget National Finance Co
—
—
John W Huber
—
Deed Of Trust
related
$200,000 · South Pacific Financial Corp
—
—
John W Huber
—
Deed Of Trust
related
$182,500 · South Pacific Financial Corp
—
—
John W Huber JR.
—
Deed Of Trust
related
$20,000 · E-loan INC
—
—
Richard J Jobe
—
Deed Of Trust
related
$70,000 · Budget National Finance Co
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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