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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    506 Garfield Ave Alhambra, CA 91801-2490

    • Office buildings
    • 11,056 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2025
    $1,260,000
    Value Estimations
    $1,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7766198
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mic Tuning, Inc. CORPORATION / Auto Parts Store
    • StoneBridge Paving & Landscaping / Paving Contractor
    • 한인부동산 / Real Estate Agency
    • Vera Angel / Home Health Care Service
    • Omnimabs / Biotechnology Company

    Property Details for 506 Garfield Ave

    Year built
    1993
    Construction
    TILT-UP CONCRETE
    Lot size
    0.47 lot acres
    Property size
    11,056 SF
    Zone code
    ALCPD*
    Property type
    Office buildings
    APN
    5337-007-030
    APU
    5337007030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,445,000
      ML approach
      $1,460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,729,000
      Market price range: $813k - $3.58M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alhambra
    County
    Los Angeles
    State
    California
    Longitude
    -118.13
    Latitude
    34.1005
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $35,394
    $1,406,545
    $1,349,799
    $2,756,344
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      5,864 SF

      117 Raymond Ave

      OFFICE BUILDING • 5,864 SF
      117 Raymond Ave, Alhambra, CA 91801-3167
      View Details
    • Value Estimation
      $520,000
      7,525 SF

      1235 Garfield Ave

      OFFICE BUILDING • 7,525 SF
      1235 Garfield Ave, Alhambra, CA 91801-5037
      View Details
    • Value Estimation
      $440,000
      9,314 SF

      217 Garfield Ave

      OFFICE BUILDING • 9,314 SF
      217 Garfield Ave, Alhambra, CA 91801-2561
      View Details
    • Value Estimation
      $455,000
      6,210 SF

      1216 Garfield Ave

      OFFICE BUILDING • 6,210 SF
      1216 Garfield Ave, Alhambra, CA 91801-5090
      View Details
    • Value Estimation
      $460,000
      4,000 SF

      27 Garfield Ave

      OFFICE BUILDING • 4,000 SF
      27 Garfield Ave, Alhambra, CA 91801-3545
      View Details
    • Value Estimation
      $630,000
      10,041 SF

      1611 Garfield Ave Ste, Unit 200

      OFFICE BUILDING • 10,041 SF
      1611 Garfield Ave Ste, Alhambra, CA 91801-5432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21 SF

      Freestanding Alhambra Office Building

      Two-story office building with elevator and on-site parking.
      100 E Huntington Dr, Alhambra, CA 91801
      View Details
    • $2,900,000
      6 SF

      Former School Adaptable Building

      Freestanding office building, former K-8 school, suitable for redevelopment.
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    • $3,900,000
      5,963 SF

      Dental Office

      Skin care Medical and OBGYN offices. Superb location at the busiest intersection area of North Garfield Ave.
      127 Garfield Ave, Alhambra, CA 91801
      View Details
    • $830,000
      1,664 SF

      Alhambra Medical Office Building

      Prime Medical Office, Vacant, $830K
      320-330 Garfield Ave, Alhambra, CA 91801
      View Details
    • Contact for pricing
      25,555 SF

      Alhambra Office Building - Prime Location

      Prestigious Alhambra office, 25,555 sqft, parking.
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      Alhambra Medical Office Condo For Sale

      Prime Alhambra location, vacant medical office suite.
      320-330 Garfield Ave, Alhambra, CA 91801
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Alhambra Office Space For Lease

      Commercial office space for lease with high visibility and accessibility.
      30 Valley Blvd W, Alhambra, CA 91801
      View Details
    • $15 SF/Yr
      10,600 SF

      Alhambra Main Street Retail/Office

      Prime Alhambra location, two spaces available.
      31 Main St, Alhambra, CA 91801
      View Details
    • $4,500 /Mo

      Alhambra Office Space For Rent

      2500 sq ft office with parking in Alhambra.
      1041 S Garfield Ave, Alhambra, CA 91801
      View Details
    • New
      $800 /Mo
      401 SF

      Alhambra Office Space Available

      Well-maintained office building with functional layout, suitable for various users.
      205 S Chapel Ave, Alhambra, CA 91801
      View Details
    • $42 SF/Yr
      26,964 SF

      Alhambra Office Building - Regent Plaza

      Modern 3-Story Office Building, Ample Parking
      1411 Garfield Ave, Alhambra, CA 91801
      View Details
    • $1.50 SF/Yr
      5,403 SF

      Alhambra Office/Creative Space For Rent

      Second floor office/creative space with secure storage available for rent.
      2350 W Valley Blvd, Alhambra, CA 91801
      View Details
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    506 Garfield Ave
    Alhambra, CA 91801-2490
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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