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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
616 6th St San Pedro, CA 90731-2524
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8052607
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
2,250 SF
Lot
0.21 ac (9,003 SF)
Zoning code
LAC2
APN
7451-029-026
UPID
US09-8052607
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
$605k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$590k
Owner & transaction history
Stephens,g & M Fam Trust · 5 yrs held
Stephens,g & M Fam Trust
since 2020
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
LAC2 · San Pedro, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+90.1%
Warehouse, storage
$660,000
+24.6%
Commercial (general)
$590,000
+11.2%
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 San Pedro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Pedro 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
$590,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
RETAIL STORES
$530,000
Current use
OFFICE BUILDING
$1,010,000
Change: +90% · Conversion: Easy
WAREHOUSE, STORAGE
$660,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$590,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $625k (Dec 30 2020)
Last sale anchor
$625k
Dec 30 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
$262 / 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
$10,946
Tax year 2024
Assessed value
$837,352
Assessed 2024
Previous assessed
$837,352
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$803,866
Assessed improvement
$33,486
Applied tax rate
13.0000
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
1925
Heating
NONE
Stories
1
Total area
2,250 SF
Lot
0.21 ac (9,003 SF)
Zoning code
LAC2
APN
7451-029-026
UPID
US09-8052607
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · San Pedro, CAZoning LAC2 · permitted uses
LAC2 · San Pedro, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES Current
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (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
1925
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Stephens,g & M Fam Trust
Trust
Free & Clear · 5 yrs held
Mailing address
2648 S AVERILL AVE, SAN PEDRO, CA 90731-5631
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Stephens,g & M Fam Trust
Gary Stephens
Quit Claim Deed
related
—
May 31, 2017
—
Gary G Stephens
—
Deed
related
$500,000 · Us Bank NA
Oct 7, 2005
$625,000
Gary Stephens
Wharfield Raymond A & M C
Grant Deed
$600,000 · Wharfield Raymond A & M C (te)
Jan 25, 1989
—
Wharfield R A
Wharfield Raymon
Quit Claim Deed
related
—
Mar 1, 1972
—
—
—
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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