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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
308 San Dimas Ave, San Dimas, CA 91773-2601
Trust Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0342983
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
WOOD
Total area
1,454 SF
Lot
0.23 ac (9,907 SF)
Zoning code
SDAPCC*
APN
8387-012-011
UPID
US10-0342983
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$525k
Owner & transaction history
Sipp Steven 2004 Living Trust · 14 yrs held
Sipp Steven 2004 Living Trust
since 2012
7 recorded transactions
Zoning & alternative use
SDAPCC* · San Dimas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$675,000
+43.4%
Medical building
$660,000
+40.9%
Retail stores
$555,000
+18.8%
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 San Dimas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Dimas 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%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Current use
AUTO REPAIR, GARAGE
$675,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: +41% · Conversion: Easy
RETAIL STORES
$555,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$450,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$361 / 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
$5,758
Tax year 2024
Assessed value
$409,199
Assessed 2024
Previous assessed
$409,199
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$251,206
Assessed improvement
$157,993
Applied tax rate
5.0000
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
1953
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,454 SF
Lot
0.23 ac (9,907 SF)
Zoning code
SDAPCC*
APN
8387-012-011
UPID
US10-0342983
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SDAPCC* · San Dimas, CA
Zoning SDAPCC* · permitted uses
SDAPCC* · San Dimas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Dimas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$675,000
MEDICAL BUILDING
Est. value
$660,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$425,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1953
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Sipp Steven 2004 Living Trust
Trust
Mailing address
2545 NOGAL CIR, LA VERNE, CA 91750-3018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
Steve J Sipp
—
Deed
related
$260,000 · Wells Fargo Bank NA
Jan 19, 2012
—
Sipp Steven 2004 Living Trust
Sipp,steven
Quit Claim Deed
related
—
Jun 30, 2011
$299,000
Steven Sipp
Nadel,russel J
Grant Deed
—
Apr 5, 2011
$289,268
Russell J Nadel
Rincon Asset Mgmt LLC
Trustees Deed
related
—
Sep 1, 2010
$27,035
Croisette D L Living Trust
Rincon Asset Mgmt LLC
Trustees Deed
related
—
Mar 22, 1990
$235,000
Wade Hampton
Masters Jerry L
Grant Deed
$188,000 · Masters Jerry L&
—
—
Ronald Caballero
—
Deed Of Trust
related
$692,000 · No Lender On Document
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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