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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Warehouses
688 Arrow Grand Cir Covina, CA 91722-2145
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8348541
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
13,728 SF
Lot
0.72 ac (31,427 SF)
Zoning code
CVC4PCD*
APN
8405-003-023
UPID
US09-8348541
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
-
Royal Mattress Production Facility Factory
-
Pacific West Furniture Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
Burton E Grimes · 6 yrs held
Burton E Grimes
since 2019
7 recorded transactions
Zoning & alternative use
CVC4PCD* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$127 / 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
$19,323
Tax year 2024
Assessed value
$1,386,284
Assessed 2024
Previous assessed
$1,386,284
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$301,361
Assessed improvement
$1,084,923
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
13,728 SF
Lot
0.72 ac (31,427 SF)
Zoning code
CVC4PCD*
APN
8405-003-023
UPID
US09-8348541
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVC4PCD* · Covina, CA
Zoning CVC4PCD* · permitted uses
CVC4PCD* · 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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Burton E Grimes
Individual
Mailing address
5050 EMERALD AVE, LA VERNE, CA 91750-1701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Sep 20, 2019
—
Burton E Grimes
Grimes,burton E & Linda L
Quit Claim Deed
related
—
Sep 23, 1999
$920,000
Grimes Trust
Ocean America Investment INC
Grant Deed
$460,000 · Orange National Bank
Aug 27, 1993
$1,028,000
Ocean America Investment Corp
Kenyon Trust
Grant Deed
$600,000 · Cathay Bank
Dec 7, 1992
—
Kenyon Trust
Kenyon,charles
Quit Claim Deed
related
$1,000,000 · Sierra National Bank
—
—
Grimes 1993 Trust
—
Deed Of Trust
related
$382,857 · Citizens Business Bank
—
—
Grimes 1993 Trust
—
Deed Of Trust
related
$231,583 · Citizens Business Bank
—
—
Grimes Trust
—
Deed Of Trust
related
$381,000 · California Statewide Certified
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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