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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Retail properties & Spaces
509 2nd Ave Covina, CA 91723-3013
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8351714
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1955
Construction
WOOD
Total area
977 SF
Lot
0.75 ac (32,471 SF)
Zoning code
CVC3A*
APN
8445-029-010
UPID
US09-8351714
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
-
Covina Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
Sherman-osborn LP · 5 yrs held
Sherman-osborn LP
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CVC3A* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covina 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
$910,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.00M (Jan 15 2021)
Last sale anchor
$1.00M
Jan 15 2021
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
$1,003 / 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
$14,961
Tax year 2024
Assessed value
$1,061,207
Assessed 2024
Previous assessed
$1,061,207
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,050,595
Assessed improvement
$10,612
Applied tax rate
17.0000
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 properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
977 SF
Lot
0.75 ac (32,471 SF)
Zoning code
CVC3A*
APN
8445-029-010
UPID
US09-8351714
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVC3A* · Covina, CA
Zoning CVC3A* · permitted uses
CVC3A* · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Sherman-osborn LP
Entity
Free & Clear · 5 yrs held
Mailing address
701 KETTERING DR, ONTARIO, CA 91761-8154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
$1,000,000
Sherman-osborn LP
Chan Emily 1993 Family Trust
Grant Deed
—
May 19, 2015
$660,000
Chan,emily 1993 Family Trust
Fort Apache Homes INC
Grant Deed
—
May 18, 2015
$450,000
Fort Apache Homes INC
Segreto Vincent & M Trust Tc
Grant Deed
—
Oct 5, 2012
—
Taranto Family Trust
Taranto,jean
Affidavit Of Death
—
Feb 25, 2011
—
Mesa Linda S Tr
Segreto,vincent A & Millie M
Affidavit Of Death
—
Apr 14, 2006
—
Segreto V A & M M Living Trust
Segreto,vincent & Millie M
Quit Claim Deed
related
—
Oct 28, 2004
—
Taranto Family Trust
Taranto,donald J
Quit Claim Deed
related
—
Aug 16, 2002
—
Vincennt Segreto
Segreto,m M
Quit Claim Deed
related
—
Jul 12, 2000
—
Donald J Taranto
Saurenman,p F Co-trustee
Grant Deed
related
—
Sep 1, 1999
—
Taranto,jean Trustee
Taranto,j
Quit Claim Deed
related
—
Dec 30, 1963
—
—
—
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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