Trust Owned Property summary
AI-generated overview
This exceptional 1,912 square foot industrial condominium, situated on a 0.76-acre lot at 248 Chestnut Avenue in Monrovia, CA, presents a compelling investment opportunity. Completed in 2022 as part of a new development, this property boasts a robust concrete tilt-wall construction, offering durable and modern warehouse space. High ceilings, reaching up to 20.5 feet, provide ample vertical storage and operational flexibility. The unit is ideally suited for a variety of commercial uses, offering a blend of office and warehouse space to accommodate diverse business needs. Its strategic location within the San Gabriel Valley offers unparalleled convenience. The property enjoys proximity to major transportation arteries, including the I-210 and I-605 freeways, ensuring seamless logistics and efficient commutes. Furthermore, its walkable distance to downtown Monrovia provides easy access to local amenities and services. This turnkey industrial space represents a rare opportunity to acquire a modern, well-located asset in a thriving commercial market. The asking price is $998,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Construction
TILT-UP CONCRETE
Total area
1,910 SF
Lot
0.76 ac (33,134 SF)
Zoning code
MOM*
APN
8508-005-062
UPID
US09-9783782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$1.02M
Owner & transaction history
since 2025
Last sale
$888,008
2 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Top alternative use upside
Neighborhood: shopping center
$1.2M
+107.1%
Auto repair, garage
$885,000
+57.4%
Medical building
$870,000
+54.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.02M
Value range
$918k – $1.12M
±10% around blend
Estimated value / SF
$534 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
40
$918k
blend $1.02M
$1.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,910 SF
Lot area
0.76 ac
Year built
2023
APN
8508-005-062
Zoning
MOM*
Assessed value
$905,760
Annual tax
$12,185
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$912k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.9 mi away · 2,070 SF
12.8 mi away · 2,120 SF
21.8 mi away · 1,704 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1878 sales
$294
+82%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $534/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+107%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.40%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$62k *
Last sale · Feb 2023
$888k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.59M
Move the market yield to see immediate price impact.
Value / SF
$1,356
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.90%2.40%2.90%
$56k
$2.94M
$2.33M
$1.93M
$62k
$3.27M
$2.59M
$2.14M
$68k
$3.60M
$2.85M
$2.36M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$750k
0.1 mi · Sep 2025 · $463/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,185
Tax year 2024
Assessed value
$905,760
Assessed 2024
Previous assessed
$905,760
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$270,300
Assessed improvement
$635,460
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Construction
TILT-UP CONCRETE
Units
1
Total area
1,910 SF
Lot
0.76 ac (33,134 SF)
Zoning code
MOM*
APN
8508-005-062
UPID
US09-9783782
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOM* · Monrovia, CAZoning MOM* · permitted uses
MOM* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Construction
TILT-UP CONCRETE
Units
1
Lot
0.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MOM*
Jurisdiction
Monrovia, CA
Recorded code
MOM*
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MOM* in Monrovia, CA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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