Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2988 1st St La Verne, CA 91750-5677

    • Manufacturing properties
    • 82,625 SF
    • 5.75 lot acres
    OFF-MARKET
    Value Estimations
    $7,530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9826501
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cedars General Building Contractors / Construction Company / General Contractor
    • Precision Optical Deburring / Industrial Manufacturer
    • Los Angeles Church Christ East / Church
    • Innovative Acrylic Creations / Department Store
    • PHOEBE CORP / Corporate Office

    Property Details for 2988 1st St

    Construction
    TILT-UP CONCRETE
    Lot size
    5.75 lot acres
    Property size
    82,625 SF
    Zone code
    LVPID*
    Property type
    Manufacturing properties
    APN
    8371-004-015
    APU
    8371004015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Verne
    County
    Los Angeles
    State
    California
    Longitude
    -117.758
    Latitude
    34.0951
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $63,673
    $1,628,702
    $2,605,932
    $4,234,634
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $710,000
      4,975 SF

      2237 1st St

      MANUFACTURING (LIGHT) • 4,975 SF
      2237 1st St, La Verne, CA 91750
      View Details
    • Value Estimation
      $1,505,000
      9,360 SF

      920 Palomares St

      MANUFACTURING (LIGHT) • 9,360 SF
      920 Palomares St, La Verne, CA 91750-5122
      View Details
    • Value Estimation
      $730,000
      4,860 SF

      926 Palomares St

      MANUFACTURING (LIGHT) • 4,860 SF
      926 Palomares St, La Verne, CA 91750-5122
      View Details
    • Value Estimation
      $975,000
      8,879 SF

      1992 Walnut St

      MANUFACTURING (LIGHT) • 8,879 SF
      1992 Walnut St, La Verne, CA 91750-5414
      View Details
    • Value Estimation
      $1,435,000
      12,668 SF

      2700 1st St

      MANUFACTURING (LIGHT) • 12,668 SF
      2700 1st St, La Verne, CA 91750-5646
      View Details
    • Value Estimation
      $3,010,000
      940 SF

      2467 1st St

      MANUFACTURING (LIGHT) • 940 SF
      2467 1st St, La Verne, CA 91750-5534
      View Details

    Similar Nearby for Sale

    • $9,894,270
      31,917 SF

      Free Standing Industrial Building

      Industrial building with office, A/C, and storage space.
      1751 Yeager Ave, La Verne, CA 91750
      View Details
    • $295,000

      La Verne Industrial Land - $295K

      Prime 6,099 SF Commercial/Industrial Lot
      2000 Arrow Hwy, La Verne, CA 91750
      View Details
    • $1,200,000
      5,300 SF

      La Verne Retail Development Opportunity

      Prime Downtown Location, High-Density Zoning
      2224 E St, La Verne, CA 91750
      View Details
    • $1,899,000
      Pending

      Spacious Land Parcel Ready Development

      Expansive 19.44-acre lot in La Verne, primed for development.
      2516 Baseline Rd, La Verne, CA 91750
      View Details
    • $150,000

      Foothill Blvd Commercial Property

      Commercial property available on Foothill Blvd, La Verne, CA.
      2145 Foothill Blvd, La Verne, CA 91750
      View Details
    • $279,000

      Bradford Street Specialty Property

      Specialty property for sale in La Verne, California.
      3800 Bradford St, La Verne, CA 91750
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      26,256 SF

      San Polo Business Park Lease

      Available flex space with office component in San Polo Business Park.
      1773 Wright Ave, La Verne, CA 91750
      View Details
    • $1.60 SF/Yr
      1,674 SF

      La Verne Commerce Center Space

      Professional business park with easy freeway access.
      1518 Arrow Hwy, La Verne, CA 91750
      View Details
    • $1.20 SF/Yr
      15,000 SF

      Industrial Building with Gated Yard

      43,281 SF industrial building with gated shared yard.
      1736 Wright Ave, La Verne, CA 91750
      View Details
    • $15 SF/Yr
      20,609 SF

      La Verne Industrial/Office Space

      10,000 SF Available, High Visibility
      1330 Arrow Hwy, La Verne, CA 91750
      View Details
    • $1.60 SF/Yr
      1,655 SF

      La Verne Commerce Center Space

      Flex/industrial space with excellent freeway access and Arrow Highway frontage.
      1588 Arrow Hwy, La Verne, CA 91750
      View Details
    • $0.85 SF/Yr
      10,000 SF

      La Verne Flex Space Available

      Flex space with office, dock loading, and highway frontage signage.
      1330 Arrow Hwy, La Verne, CA 91750
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2988 1st St
    La Verne, CA 91750-5677
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.