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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office buildings
246 Indian Hl Blvd Claremont, CA 91711-4649
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6976143
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
TILT-UP CONCRETE
Total area
2,118 SF
Lot
0.16 ac (7,070 SF)
Zoning code
CLCV*
APN
8313-020-012
UPID
US09-6976143
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
-
Stark Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$775k
Owner & transaction history
Jeffrey Kenneth Stark · 3 yrs held
Jeffrey Kenneth Stark
since 2022
Last sale
$775,007
6 recorded transactions
Zoning & alternative use
CLCV* · Claremont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+35.7%
Auto repair, garage
$980,000
+3.1%
Medical building
$965,000
+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
$780,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,290,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$965,000
Change: +1% · Conversion: Easy
RETAIL STORES
$810,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Dec 28 2022)
Last sale anchor
$775k
Dec 28 2022
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
$366 / 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
$13,151
Tax year 2024
Assessed value
$1,056,738
Assessed 2024
Previous assessed
$1,056,738
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$708,812
Assessed improvement
$347,926
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,118 SF
Lot
0.16 ac (7,070 SF)
Zoning code
CLCV*
APN
8313-020-012
UPID
US09-6976143
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CLCV* · Claremont, CA
Zoning CLCV* · permitted uses
CLCV* · 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
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$980,000
MEDICAL BUILDING
Est. value
$965,000
RETAIL STORES
Est. value
$810,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Jeffrey Kenneth Stark
Individual
Mailing address
246 N INDIAN HL BLVD, CLAREMONT, CA 91711-4649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
$775,000
Jeffrey Kenneth Stark
Ronald Fukagawa
Grant Deed
$775,000 · Fukagawa Family Trust
Nov 15, 2021
—
Jeffrey Kenneth Stark
Jeffrey Kenneth Stark
Intrafamily Transfer
related
—
Nov 18, 1998
$450,000
Fukagawa Trust
Hsi,liway & Swee K
Grant Deed
$330,000 · Hungerford/kennedy Trust
May 22, 1998
$214,500
Liway Hsi
Mccance,daryl E
Grant Deed
related
—
Mar 1, 1989
$311,318
Daryl E Mccance
Magan 0888853 09
Grant Deed
$245,000 · Upland Bank
Feb 16, 1989
—
Magan 0888853 09
Barc
Trustees Deed
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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