Entity Owned
No photos on file
For Sale
$565,000
535 Myrtle Ave, Monrovia, CA 91016
View Listing →
Property summary
AI-generated overview
The property is a ground-floor retail/restaurant space located in Old Town Monrovia on the northwest corner of Myrtle Avenue and Colorado Boulevard, previously used as a bank branch. It encompasses approximately 4,091 square feet and is configured to be divided into two separate units of about 1,425 square feet and 1,710 square feet, or used as a single space. The front areas feature windows for natural light, with high ceilings that support an open layout. The space includes two restrooms and a kitchen, and the mostly open floor plan is suited to multiple uses. The larger corner unit is suited for restaurant use and may offer potential for an outdoor patio area for seating, subject to city approvals. Additional outdoor/adjacent bonus space is associated with the patio area.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1911
Construction
CONCRETE
Total area
18,167 SF
Lot
0.27 ac (11,653 SF)
Zoning code
MOCD*
APN
8516-023-028
UPID
US09-9148829
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Landscaping General Contractor
-
Loan Service
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$565k
Owner & transaction history
since 1999
4 recorded transactions
Zoning & alternative use
MOCD* · Monrovia, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$565k
Value range
$509k – $622k
±10% around blend
Estimated value / SF
$31 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$509k
blend $565k
$622k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,167 SF
Lot area
0.27 ac
Year built
1911
Stories
1
APN
8516-023-028
Zoning
MOCD*
Assessed value
$1,401,349
Annual tax
$22,198
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$660k
Range $660k – $1.72M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$565k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 120 sales
$560
-94%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $31/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.40M
Move the market yield to see immediate price impact.
Value / SF
$77
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.77M
$1.26M
$981k
$98k
$1.96M
$1.40M
$1.09M
$108k
$2.16M
$1.54M
$1.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,198
Tax year 2024
Assessed value
$1,401,349
Assessed 2024
Previous assessed
$1,401,349
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$452,041
Assessed improvement
$949,308
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1911
Construction
CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
18,167 SF
Lot
0.27 ac (11,653 SF)
Zoning code
MOCD*
APN
8516-023-028
UPID
US09-9148829
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCD* · Monrovia, CAZoning MOCD* · permitted uses
MOCD* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1911
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MOCD*
Jurisdiction
Monrovia, CA
Recorded code
MOCD*
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MOCD* in Monrovia, CA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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