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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Warehouses
498 Duarte Rd Monrovia, CA 91016
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8643560
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
TILT-UP CONCRETE
Total area
6,102 SF
Lot
0.29 ac (12,470 SF)
Zoning code
MOPD*
APN
8513-013-049
UPID
US09-8643560
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
$1.66M
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.72M
Owner & transaction history
Apt 9 LLC · 4 yrs held
Apt 9 LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
MOPD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+57.4%
Medical building
$2.8M
+54.7%
Office building
$2.7M
+52.7%
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
$1,760,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
$1,325,000
6.5%
$1,220,000
7%
$1,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,795,000
Current use
AUTO REPAIR, GARAGE
$2,820,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$2,775,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$2,735,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$2,340,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,885,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.70M (Apr 14 2022)
Last sale anchor
$1.70M
Apr 14 2022
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
$281 / 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
$18,633
Tax year 2024
Assessed value
$1,336,914
Assessed 2024
Previous assessed
$1,336,914
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$712,674
Assessed improvement
$624,240
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,102 SF
Lot
0.29 ac (12,470 SF)
Zoning code
MOPD*
APN
8513-013-049
UPID
US09-8643560
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOPD* · Monrovia, CA
Zoning MOPD* · permitted uses
MOPD* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monrovia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Apt 9 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2805 W VLY BLVD, ALHAMBRA, CA 91803-1818
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 14, 2022
$1,700,000
Apt 9 LLC
Shelley Faith
Grant Deed
—
Mar 2, 2021
—
Randy Sandford
Betty Sandford
Affidavit Death Of Trustee/successor Trustee
related
—
Feb 19, 2021
—
Randy Sandford
Jules Sandford
Affidavit Death Of Trustee/successor Trustee
related
—
May 13, 2011
—
Faith William E Trust
Faith,william E
Affidavit Of Death
related
—
May 1, 2009
—
Sandford Family Trust
Sandford Family Trust
Quit Claim Deed
related
—
Nov 12, 1998
$60,000
Jules Sandford
Oleson,walter
Grant Deed
related
—
—
—
Walter Oleson
—
Deed Of Trust
related
$25,000 · 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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