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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Warehouses
515 Spanish Ln Ste D Walnut, CA 91789-3024
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9032044
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
1,830 SF
Lot
4.32 ac (188,273 SF)
Zoning code
LCM11/2*
APN
8760-024-093
UPID
US09-9032044
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
-
DANK HAUS Cannabis Dispensary Alternative Medicine Practice
-
Ares Micro Inc Electronics & Wireless Store
-
Ownview Inc Electronics & Wireless Store
-
Para Light USA Industrial Manufacturer Production Facility
-
Acmee Technology Inc Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.05M
Owner & transaction history
8palms LP · 2 yrs held
8palms LP
since 2024
Last sale
$1.0M
1 recorded transaction
Zoning & alternative use
LCM11/2* · Walnut, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+60.8%
Auto repair, garage
$845,000
+22.2%
Medical building
$830,000
+20.1%
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 Walnut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut 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
$1,045,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$845,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$700,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.05M (Jan 30 2024)
Last sale anchor
$1.05M
Jan 30 2024
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
$571 / 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
$9,312
Tax year 2024
Assessed value
$742,910
Assessed 2024
Previous assessed
$742,910
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$500,341
Assessed improvement
$242,569
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
1,830 SF
Lot
4.32 ac (188,273 SF)
Zoning code
LCM11/2*
APN
8760-024-093
UPID
US09-9032044
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM11/2* · Walnut, CA
Zoning LCM11/2* · permitted uses
LCM11/2* · Walnut, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walnut. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$845,000
MEDICAL BUILDING
Est. value
$830,000
OFFICE BUILDING
Est. value
$820,000
RETAIL STORES
Est. value
$700,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
4.32 ac
Current owner
From public records · entity-resolved
8palms LP
Entity
Free & Clear · 2 yrs held
Mailing address
385 S LEMON AVEE332, WALNUT, CA 91789-2727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2024
$1,047,000
8palms LP
Bcc Industrial LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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