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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Community centers
650 Shoppers Ln Covina, CA 91723-3536
Trust Owned
13-yr Hold
Free & Clear
Property ID
US09-7838120
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1955
Construction
WOOD
Total area
2,340 SF
Lot
0.08 ac (3,339 SF)
Zoning code
CVC3AY
APN
8451-001-040
UPID
US09-7838120
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
-
Colwell Gerald T CPA Accounting Firm Tax Preparation
-
Colwell Downing Certified Public Accountants Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Colwell G T & M T Living Trust · 13 yrs held
Colwell G T & M T Living Trust
since 2013
7 recorded transactions
Zoning & alternative use
CVC3AY · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covina 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$790,000
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$342 / 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
$7,277
Tax year 2024
Assessed value
$517,612
Assessed 2024
Previous assessed
$517,612
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$315,621
Assessed improvement
$201,991
Applied tax rate
3.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
2,340 SF
Lot
0.08 ac (3,339 SF)
Zoning code
CVC3AY
APN
8451-001-040
UPID
US09-7838120
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVC3AY · Covina, CA
Zoning CVC3AY · permitted uses
CVC3AY · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Colwell G T & M T Living Trust
Trust
Free & Clear · 13 yrs held
Mailing address
650 SHOPPERS LN, COVINA, CA 91723-3536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2013
—
Colwell G T & M T Living Trust
Colwell G T & M T Trust
Quit Claim Deed
related
—
Jun 8, 2009
—
David Northcutt
Northcutt,lori L
Quit Claim Deed
related
—
Jun 8, 2009
$430,000
Colwell Gerald T & M T Trust
Northcutt,james & Nancy L
Grant Deed
$279,500 · Hanson Allison Trust
Jan 26, 1994
—
James Northcutt
Northcutt,j&n
Quit Claim Deed
related
—
Nov 1, 1991
$270,000
James Northcutt
Yee Trust
Grant Deed
$196,000 · California State Bank
Feb 23, 1989
—
Yee Living Tr
Yee
Quit Claim Deed
related
—
—
—
Colwell G T & M T Living Trust
—
Deed Of Trust
related
$273,750 · Union 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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