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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
37 Sierra Madre Blvd Sierra Madre, CA 91024-2457
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9319187
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Construction
TILT-UP CONCRETE
Total area
2,730 SF
Lot
0.07 ac (3,057 SF)
Zoning code
SRC1CC*
APN
5767-018-003
UPID
US09-9319187
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
-
Robert F. Cipriano Attorney at Law Law Firm
-
Change Train Yard
-
Sierra Madre Chamber of Commerce -Store Association / Organization
-
Cheap Car Insurance Sierra Madre Insurance Agency
-
Farrell Douglas J Law Office Of Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$980k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Razorback Ridge Properties LLC · 2 yrs held
Razorback Ridge Properties LLC
since 2024
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
SRC1CC* · Sierra Madre, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+35.7%
Auto repair, garage
$1.3M
+3.1%
Medical building
$1.2M
+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 Sierra Madre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sierra Madre 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
$1,325,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,265,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,240,000
Change: +1% · Conversion: Easy
RETAIL STORES
$1,045,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.33M (Mar 27 2024)
Last sale anchor
$1.33M
Mar 27 2024
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
$485 / 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
$3,097
Tax year 2024
Assessed value
$183,139
Assessed 2024
Previous assessed
$183,139
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$125,531
Assessed improvement
$57,608
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,730 SF
Lot
0.07 ac (3,057 SF)
Zoning code
SRC1CC*
APN
5767-018-003
UPID
US09-9319187
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SRC1CC* · Sierra Madre, CAZoning SRC1CC* · permitted uses
SRC1CC* · Sierra Madre, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
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
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Razorback Ridge Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
909 E GRN ST, PASADENA, CA 91106-2906
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
$1,325,000
Razorback Ridge Properties LLC
Sara Shatford Layne
Grant Deed
—
Feb 7, 2018
—
Farrell,d J & L F 2004 Trust
Farrell,douglas J
Quit Claim Deed
related
—
Nov 18, 2015
—
Walter T Shatford IV
Shatford W T III Trust
Quit Claim Deed
related
—
Apr 24, 2009
—
Sara S Layne
Shatford,walter T
Affidavit Of Death
—
Dec 22, 2006
—
Shatford W T III Living Trust
Shatford,walter T III
Quit Claim 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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