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Property profile & analytics
OFF-MARKET
Estimated value
$4,095,000
Retail space
4501 Downey Rd Vernon, CA 90058-2509
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-6454326
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
6,392 SF
Lot
0.24 ac (10,660 SF)
Zoning code
VEM*
APN
6303-017-017
UPID
US09-6454326
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
$4.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$4.10M
Owner & transaction history
Nm Gwf LP
Nm Gwf LP
since 2026
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
VEM* · Vernon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+100.3%
Auto repair, garage
$3.5M
+32.4%
Office building
$3.2M
+22.2%
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$4,510,000
ML approach
$4,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,625,000
Current use
RESTAURANT
$5,260,000
Change: +100% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,475,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$3,210,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$2,910,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,705,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±10% · vs last sale $4.13M (Sep 15 2020)
Last sale anchor
$4.13M
Sep 15 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
$641 / 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
$35,964
Tax year 2024
Assessed value
$2,716,692
Assessed 2024
Previous assessed
$2,716,692
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$567,746
Assessed improvement
$2,148,946
Applied tax rate
10.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
NONE
Buildings
3
Stories
1
Total area
6,392 SF
Lot
0.24 ac (10,660 SF)
Zoning code
VEM*
APN
6303-017-017
UPID
US09-6454326
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
VEM* · Vernon, CA
Zoning VEM* · permitted uses
VEM* · Vernon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.6M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1948
Heating
NONE
Stories
1
Buildings
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Nm Gwf LP
Entity
Free & Clear · 0 yrs held
Mailing address
10215 SANTA MONICA BLVDA, CENTURY CITY, CA 90067-6403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 8, 2026
$87,142,000
Nm Gwf LP
4441 Downey Road LLC
Grant Deed
—
May 3, 2023
—
4441 Downey Road LLC
—
Deed
related
—
Sep 15, 2020
$4,125,000
4441 Downey Road LLC
Papazian G & M Marit Trust
Grant Deed
—
Mar 9, 2020
—
Papazian,g & M Trust
Margaret Papazian
Affidavit Of Death
—
Jan 30, 2015
—
Papazian,gilbert & M Trust
Papazian G & M Trust
Quit Claim Deed
related
—
Sep 27, 2013
—
Margaret Papazian
Papazian,gilbert
Affidavit Of Death
related
—
Mar 29, 1991
$135,000
Jose L Madrigal
Madrigal Raquel
Quit Claim Deed
$121,500 · American Savings Bank
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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