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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Warehouses
5397 3rd St Irwindale, CA 91706-2085
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6173444
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
21,000 SF
Lot
0.92 ac (39,874 SF)
Zoning code
IRM2*
APN
8619-001-030
UPID
US09-6173444
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.96M
CAP Approach
CAP
$4.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
Business Property Group LLC · 6 yrs held
Business Property Group LLC
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
IRM2* · Irwindale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.4M
+11.6%
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 Irwindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irwindale 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
$4,110,000
ML approach
$3,960,000
CAP Approach
CAP Return
Estimation
6%
$4,555,000
6.5%
$4,205,000
7%
$3,905,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,845,000
Current use
INDUSTRIAL (GENERAL)
$5,405,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.30M (May 19 2020)
Last sale anchor
$3.30M
May 19 2020
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
$180 / 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
$47,159
Tax year 2024
Assessed value
$3,681,210
Assessed 2024
Previous assessed
$3,681,210
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,208,726
Assessed improvement
$1,472,484
Applied tax rate
2.0000
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
Stories
1
Total area
21,000 SF
Lot
0.92 ac (39,874 SF)
Zoning code
IRM2*
APN
8619-001-030
UPID
US09-6173444
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
IRM2* · Irwindale, CA
Zoning IRM2* · permitted uses
IRM2* · Irwindale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irwindale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Business Property Group LLC
Entity
Mailing address
2229 E AVE Q Q, PALMDALE, CA 93550-4140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
—
Business Property Group LLC
Liberated L & E LLC
Quit Claim Deed
—
Nov 27, 2017
$3,300,000
Liberated L & E LLC
5397 3rd Street LLC
Grant Deed
—
Dec 30, 2016
—
5397 3rd Street LLC
Miller Mark & L 2006 Trust
Quit Claim Deed
—
May 21, 2010
$2,020,000
Miller Mark & Lisa 2006 Trust
Hsu Investments INC
Grant Deed
$808,000 · Bank Of America
Mar 28, 2002
—
Hsu Investments INC
—
Deed Of Trust
related
$3,000,000 · East West Bank
Mar 4, 1996
—
Hsu Investments INC
—
Deed Of Trust
related
$2,300,000 · International Bank
Nov 28, 1988
$1,098,500
Hsu Investments INC
Unknown
Grant Deed
—
—
—
Hsu Investments INC
—
Deed Of Trust
related
$2,300,000 · International Bank
—
—
Hsu Investments INC
—
Deed Of Trust
related
$850,000 · Cathay Bank
—
—
Hsu Investments INC
—
Deed Of Trust
related
$900,000 · Cathay Bank
—
—
Hsu Investments INC
—
Deed Of Trust
related
$500,000 · Cathay Bank
—
—
Hsu Investments INC
—
Deed Of Trust
related
$900,000 · Cathay Bank
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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