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Property profile & analytics
OFF-MARKET
Estimated value
$4,860,000
Medical Office Space
248 Foothill Blvd Monrovia, CA 91016-5522
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-7353735
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
10,608 SF
Lot
0.33 ac (14,513 SF)
Zoning code
MORH*
APN
8516-007-904
UPID
US09-7353735
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
-
Timothy P. Ford, MFT Physician
-
kathyselders Medical Clinic
-
Monrovia Optometry Physician
-
Allen Holmquist, PHD Marriage Or Relationship Counselor
-
Global Net Ministries Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
$3.10M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$4.86M
Owner & transaction history
Upper San Gabriel Vly Muni Wat · 6 yrs held
Upper San Gabriel Vly Muni Wat
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
MORH* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 17.04.010 TITLE.
Top alternative use upside
Auto repair, garage
$4.9M
+1.8%
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
$4,860,000
ML approach
$4,545,000
CAP Approach
CAP Return
Estimation
6%
$3,355,000
6.5%
$3,095,000
7%
$2,875,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,820,000
Current use
AUTO REPAIR, GARAGE
$4,905,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$4,760,000
Change: -1% · Conversion: Easy
RETAIL STORES
$4,065,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.86M
Range $4.37M – $5.35M · ±10% · vs last sale $3.53M (Apr 30 2020)
Last sale anchor
$3.53M
Apr 30 2020
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
$458 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$1,402,010
Assessed 2024
Previous assessed
$1,402,010
+0.0% YoY
Assessed land
$1,402,010
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
10,608 SF
Lot
0.33 ac (14,513 SF)
Zoning code
MORH*
APN
8516-007-904
UPID
US09-7353735
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MORH* · Monrovia, CAZoning MORH* · permitted uses
MORH* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 17.04.010 TITLE.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE 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
1981
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Upper San Gabriel Vly Muni Wat
Individual
Free & Clear · 6 yrs held
Mailing address
602 E HUNTINGTON DR STE B, MONROVIA, CA 91016-3600
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2020
$3,529,500
Upper San Gabriel Vly Muni Wat
Johnson Family Trust
Grant Deed
—
May 1, 2006
$3,200,000
Johnson Family Trust
Canyon Ptshp Resources
Grant Deed
—
Jul 15, 1994
—
Canyon Partnership Resour
Gwa,finl
Trustees Deed
related
—
—
—
Canyon Ptshp Resources
—
Deed Of Trust
related
$639,000 · Bank Of Commerce
—
—
Financial In Gwa
—
Deed Of Trust
related
$98,835 · California State Bank
—
—
Canyon Partnership Resources
—
Deed Of Trust
related
$675,000 · Wells Fargo Bank
—
—
Canyon Partnership Resources
—
Deed Of Trust
related
$30,000 · Wells Fargo Bank
—
—
Gwa Financial
—
Deed Of Trust
related
—
—
—
George W Ames
—
Deed Of Trust
related
$18,000 · Individual
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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