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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Retail space
8025 Firestone Blvd Downey, CA 90241
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7603134
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
WOOD
Total area
5,700 SF
Lot
0.16 ac (7,001 SF)
Zoning code
DOC3*
APN
6251-040-019
UPID
US09-7603134
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
-
R&B Carpet Cleaning Company (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Mershop Firestone LLC
Mershop Firestone LLC
since 2025
7 recorded transactions
Zoning & alternative use
DOC3* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+8.9%
Commercial (general)
$1.8M
+6.5%
Warehouse, storage
$1.7M
+1.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,655,000
Current use
OFFICE BUILDING
$1,800,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,760,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,675,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$218 / 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
$18,234
Tax year 2024
Assessed value
$1,422,281
Assessed 2024
Previous assessed
$1,422,281
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$967,151
Assessed improvement
$455,130
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,700 SF
Lot
0.16 ac (7,001 SF)
Zoning code
DOC3*
APN
6251-040-019
UPID
US09-7603134
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
RETAIL STORES Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
RETAIL STORES Current
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
1949
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Mershop Firestone LLC
Entity
Mailing address
755 JARVIS DR, MORGAN HILL, CA 95037-2810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
—
Mershop Firestone LLC
Mersho Grjt Investments LLC
Grant Deed
—
Jun 2, 2017
$1,250,000
Mersho Grjt Investments LLC
Crammer,matthew P & Andrea R
Grant Deed
—
Oct 4, 2012
$650,000
Matthew P Crammer
Wagy James Trust
Grant Deed
—
Dec 27, 2010
—
Wagy James Trust
Wagy James R & P K Trust
Quit Claim Deed
related
—
Aug 10, 2009
—
Wagy James Trust
Wagy J R & P K Marital Trust
Quit Claim Deed
related
—
Mar 20, 2003
—
Wagy,tr
Wagy,tr
Quit Claim Deed
related
—
May 17, 2002
—
Wagy,j Tr
Wagy,j Tr
Quit Claim Deed
related
—
Feb 27, 2001
—
Wagy,james Trustee
Wagy J R Trustee,
Quit Claim Deed
related
—
Feb 28, 2000
—
Wagy,james Trustee
Wagy J R Trustee,
Quit Claim Deed
related
—
Feb 26, 1999
—
Wagy,james Trustee
Wagy J R Trustee,
Quit Claim Deed
related
—
Mar 24, 1998
—
Wagy,james Trustee
Wagy J R Trustee,
Quit Claim Deed
related
—
Oct 7, 1994
—
Wagy,james R & Paula K Trustees
Wagy,j R
Quit Claim Deed
related
—
—
—
Matthew P Crammer
—
Deed Of Trust
related
$487,000 · Wells Fargo 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.
Try Rey
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