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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
59 Garfield Ave Alhambra, CA 91801-3830
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8661268
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
TILT-UP CONCRETE
Total area
1,760 SF
Lot
0.06 ac (2,812 SF)
Zoning code
ALCBD/DRD*
APN
5344-033-012
UPID
US09-8661268
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
-
Mark Corporate Office
-
PG and Company Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$600k
Owner & transaction history
Robert Greenberg · 2 yrs held
Robert Greenberg
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
ALCBD/DRD* · Alhambra, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+10.5%
Medical building
$800,000
+8.6%
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 Alhambra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alhambra 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
RETAIL STORES
$735,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$800,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Mar 4 2024)
Last sale anchor
$600k
Mar 4 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
$341 / 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
$3,600
Tax year 2024
Assessed value
$230,465
Assessed 2024
Previous assessed
$230,465
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$72,394
Assessed improvement
$158,071
Applied tax rate
1.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,760 SF
Lot
0.06 ac (2,812 SF)
Zoning code
ALCBD/DRD*
APN
5344-033-012
UPID
US09-8661268
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ALCBD/DRD* · Alhambra, CA
Zoning ALCBD/DRD* · permitted uses
ALCBD/DRD* · Alhambra, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alhambra. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$800,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Robert Greenberg
Individual
Free & Clear · 2 yrs held
Mailing address
9580 CRYSTAL BAY LN, ELK GROVE, CA 95758-3627
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Robert Greenberg
Laura Greenberg
Intrafamily Transfer
related
—
Nov 3, 2022
—
Richard Gilliam
Richard Gilliam
Intrafamily Transfer
related
—
Jan 28, 2022
—
Jkl Entities LLC
Virginia Gilliam Heald
Grant Deed
—
Jan 28, 2022
$600,000
Laura Greenberg
Jkl Entities LLC
Grant Deed
—
Jul 30, 2020
—
Laura Greenberg
Forbes Will Living Trust
Quit Claim 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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