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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Office buildings
802 1st Ave Arcadia, CA 91006-3917
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9537587
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Construction
TILT-UP CONCRETE
Total area
6,163 SF
Lot
0.24 ac (10,493 SF)
Zoning code
ARC2YY
APN
5779-016-030
UPID
US09-9537587
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
$2.32M
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Tom Wu · 4 yrs held
Tom Wu
since 2021
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
ARC2YY · Arcadia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+13.9%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
$2,460,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,750,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,850,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$2,800,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.38M (Oct 28 2021)
Last sale anchor
$2.38M
Oct 28 2021
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
$387 / 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
$28,738
Tax year 2024
Assessed value
$2,476,152
Assessed 2024
Previous assessed
$2,476,152
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$1,435,752
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,163 SF
Lot
0.24 ac (10,493 SF)
Zoning code
ARC2YY
APN
5779-016-030
UPID
US09-9537587
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ARC2YY · Arcadia, CA
Zoning ARC2YY · permitted uses
ARC2YY · Arcadia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Tom Wu
Individual
Mailing address
3680 HAMPTON RD, PASADENA, CA 91107-3003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$2,380,000
Tom Wu
Ying Chang Lu
Grant Deed
$1,580,000 · Silver Hill Financial LLC
Jan 11, 2011
—
Chang L Y & Shiau R P Trust
Shiau,ruey P
Quit Claim Deed
related
—
Dec 11, 1998
$460,000
Ruey P Shiau
Jones Trust
Grant Deed
$428,400 · Pacific National Bank
—
—
Ruey P Shaiu
—
Deed Of Trust
related
$345,000 · Bank Of America
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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