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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Manufacturing properties
624 Palm Ave Alhambra, CA 91803-1527
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8661693
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1936
Construction
TILT-UP CONCRETE
Total area
4,240 SF
Lot
0.23 ac (10,001 SF)
Zoning code
ALMPD*
APN
5342-018-020
UPID
US09-8661693
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
$1.23M
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.24M
Owner & transaction history
Richard Yongqiao Luo · 4 yrs held
Richard Yongqiao Luo
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
ALMPD* · Alhambra, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+88.0%
Medical building
$1.9M
+84.8%
Retail stores
$1.8M
+70.1%
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 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
$1,100,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,045,000
Current use
AUTO REPAIR, GARAGE
$1,960,000
Change: +88% · Conversion: Easy
MEDICAL BUILDING
$1,925,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$1,775,000
Change: +70% · Conversion: Moderate
OFFICE BUILDING
$1,415,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,310,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,245,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.26M (Mar 30 2022)
Last sale anchor
$1.26M
Mar 30 2022
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
$292 / 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
$16,583
Tax year 2024
Assessed value
$1,310,904
Assessed 2024
Previous assessed
$1,310,904
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$853,128
Assessed improvement
$457,776
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1936
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
4,240 SF
Lot
0.23 ac (10,001 SF)
Zoning code
ALMPD*
APN
5342-018-020
UPID
US09-8661693
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ALMPD* · Alhambra, CAZoning ALMPD* · permitted uses
ALMPD* · Alhambra, 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1936
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Richard Yongqiao Luo
Individual
Mailing address
9956 BROADWAY, TEMPLE CITY, CA 91780-2618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
Richard Yongqiao Luo
—
Deed
related
$1,000,000 · Feifei Zhang
Mar 30, 2022
$1,260,000
Richard Yongqiao Luo
Ching Lee Yi
Grant Deed
—
Aug 21, 2013
$495,000
Arc Dev Corp Defined Trust
Empire Bldg & Environmental Sv
Grant Deed
—
Jul 13, 2007
—
Ruben M Garcia
Atlas Resources
Grant Deed
$450,000 · E Central Cu
Feb 7, 2007
—
Atlas Resources
Garcia,ruben M & Maria L
Quit Claim Deed
related
—
Oct 11, 2005
—
Maria L Garcia
Noice Family Trust
Grant Deed
related
—
Aug 8, 2005
—
Maria L Garcia
Garcia Ruben M & M L Trust
Quit Claim Deed
related
$281,000 · Lantern Financial Corp
Aug 1, 2005
—
Garcia Ruben M & Maria L Trust
Garcia,ruben & Maria L
Quit Claim Deed
related
—
Jun 5, 2002
—
Noice,tr
Johnson Family Partners
Quit Claim Deed
related
—
Mar 28, 2000
—
Johnson Partners
Johnson D L Trustee,
Quit Claim Deed
related
—
Nov 10, 1992
—
Johnson Dorothy L Tr
—
Deed Of Trust
related
—
—
—
Ronnie Garcia
—
Deed Of Trust
related
$100,000 · Atlas Resources
—
—
Ruben M Garcia
—
Deed Of Trust
related
$700,000 · Atlas Resources
—
—
Maria Garcia
—
Deed Of Trust
related
$300,000 · Atlas Resources
—
—
Ruben Garcia
—
Deed Of Trust
related
$500,000 · Pm Factors INC
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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