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Property profile & analytics
OFF-MARKET
Estimated value
$3,990,000
Investment properties
7840 Firestone Blvd Downey, CA 90241-4250
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-8505946
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1981
Construction
WOOD
Total area
20,333 SF
Lot
1.08 ac (47,219 SF)
Zoning code
DOC3*
APN
6247-001-022
UPID
US09-8505946
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
-
24/7 Locksmith Downey Locksmith
-
Ace General Dentistry Dental Office
-
Billy Pitt Insurance Agency
-
Papa John's Pizza Restaurant
-
FAVAR CORP Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.99M
Owner & transaction history
Palencia,gerardo|jmp Investments INC · 11 yrs held
Palencia,gerardo|jmp Investments INC
since 2015
7 recorded transactions
Zoning & alternative use
DOC3* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.4M
+2.3%
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 Downey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downey 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%
$5,975,000
6.5%
$5,515,000
7%
$5,120,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,280,000
Current use
OFFICE BUILDING
$6,425,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$5,975,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$5,900,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.99M
Range $3.59M – $4.39M · ±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
$196 / 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
$61,979
Tax year 2024
Assessed value
$4,225,778
Assessed 2024
Previous assessed
$4,225,778
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,827,880
Assessed improvement
$1,397,898
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
20,333 SF
Lot
1.08 ac (47,219 SF)
Zoning code
DOC3*
APN
6247-001-022
UPID
US09-8505946
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC3* · Downey, CA
Zoning DOC3* · permitted uses
DOC3* · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1981
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Palencia,gerardo|jmp Investments INC
Entity
Mailing address
PO BOX 4218, DOWNEY, CA 90241-1218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Jmp Investments INC
—
Deed
related
$300,000 · Esdras Zaldana
Sep 15, 2023
—
Jmp Investmens INC
—
Deed
related
$250,000 · Mario Feuntes Etal
Apr 23, 2021
—
Gerardo Palencia
—
Deed
related
$1,770,000 · East West Bank
Apr 28, 2020
—
Jmp Investments INC
—
Deed
related
$200,000 · Bladimir Rivera
Sep 12, 2017
—
Gerardo Palencia
—
Deed
related
$1,400,000 · Descansando Partners LP
Dec 29, 2016
—
Gerardo Palencia
—
Deed
related
$290,000 · Dv Financial Group
Apr 10, 2015
$962,500
Palencia,gerardo|jmp Investments INC
Way Ronald L Living Trust
Grant Deed
$250,000 · Way Ronald L Living Trust (rt)
Apr 10, 2015
—
Gerardo Palencia
Palencia Rosa
Quit Claim Deed
related
—
Jan 10, 2013
—
Way Ronald L Living Trust
Way Ronald L Living Trust
Quit Claim Deed
related
—
Jan 10, 2002
$150,000
Ronald L Way
Crw Investment Co
Grant Deed
—
—
—
Jmp Investments INC
—
Deed Of Trust
related
$200,000 · Bladimir Rivera
—
—
Gerardo Palencia
—
Deed Of Trust
related
$1,400,000 · Descansando Partners LP
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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