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Property profile & analytics
OFF-MARKET
Estimated value
$21,010,000
Grocery and convenience stores
500 Manchester Blvd Inglewood, CA 90301-9294
Individually Owned
33-yr Hold
Free & Clear
Property ID
US09-6423215
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Construction
TILT-UP CONCRETE
Total area
76,654 SF
Lot
5.92 ac (257,917 SF)
Zoning code
INC1*
APN
4021-024-015
UPID
US09-6423215
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
-
Vons Pharmacy Pharmacy
-
Planet Fitness Gym & Fitness Center
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Vons Grocery & Convenience Store Food Market
-
Vincent Payne Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.84M
Blend (final)
Blend
$21.01M
Owner & transaction history
Inglewood Redevelopment Agency · 33 yrs held
Inglewood Redevelopment Agency
since 1993
2 recorded transactions
Zoning & alternative use
INC1* · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.8M
+27.8%
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 Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$27,260,000
Current use
MEDICAL BUILDING
$34,845,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$25,760,000
Change: -6% · Conversion: Easy
INDUSTRIAL (GENERAL)
$23,565,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$22,520,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$21.01M
Range $18.91M – $23.11M · ±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
$274 / 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
$421,573
Tax year 2024
Assessed value
$31,480,398
Assessed 2024
Previous assessed
$31,480,398
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$18,852,556
Assessed improvement
$12,627,842
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
76,654 SF
Lot
5.92 ac (257,917 SF)
Zoning code
INC1*
APN
4021-024-015
UPID
US09-6423215
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INC1* · Inglewood, CA
Zoning INC1* · permitted uses
INC1* · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inglewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$27.3M
MEDICAL BUILDING
Est. value
$34.8M
OFFICE BUILDING
Est. value
$25.8M
INDUSTRIAL (GENERAL)
Est. value
$23.6M
WAREHOUSE, STORAGE
Est. value
$22.5M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (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
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
5.92 ac
Current owner
From public records · entity-resolved
Inglewood Redevelopment Agency
Individual
Free & Clear · 33 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2018
—
Vons Companies INC
—
Loan Modification
related
—
Jun 16, 1993
—
Inglewood Redevelopment Agency
Krueger,bernie &
Grant 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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