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    840 Indian Hl Blvd Claremont, CA 91711-5454
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    Property profile & analytics

    840 Indian Hl Blvd, Claremont, CA 91711-5454

    View on Map
    • Motels
    • 42,129 SF
    • 6.59 lot acres
    Off-Market
    Last Sale May 19, 2025
    $15,000,000
    Property ID
    US10-0357480
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Memorial Park / Park
    • Ramada Tennis Club / Sports School / Sports Field & Court
    • Motel 6 Claremont, CA / Hotel & Motel
    • Garner House / Hotel & Motel / Resort
    • Claremont Heritage Inc / Charitable Organization / Social Service Agency

    Property Details for 840 Indian Hl Blvd

    Year built
    1970
    Construction
    WOOD
    Lot size
    6.59 lot acres
    Zone code
    CLCF*
    Property type
    Motels
    APN
    8322-006-006
    APU
    8322006006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 17, 2026 — Bhuvneshwari Corporation — Deed · related $450k · Smart Hotel INC
    May 19, 2025 — Bhuvneshwari Corporation Bhuvneshwari Corporation Deed · related —
    Jul 25, 2024 — Bhuvneshwari Corporation — Deed · related $11.4M · Smart Hotel INC
    Jun 14, 2019 — Bhuvneshwari Corp — Deed · related $3.5M · Smart Hotel INC
    Feb 21, 2018 — Smart Hotel INC Bhuvneshwari Corp Grant Deed · related —
    Feb 14, 2018 $15,000,000 Bhuvneshwari Corp Smart Hotel INC Grant Deed $8.5M · Smart Hotel INC
    Dec 29, 2016 — Smart Hotel INC — Deed · related $6M · First Choice Bank
    Dec 26, 2013 $8,500,000 Smart Hotel INC Park Shi J 2006 Living Trust Grant Deed —
    Aug 14, 2006 — Park Shi J 2006 Living Trust Park,shi J Quit Claim Deed · related —
    May 14, 2003 — Shi J Park Um,shi J Grant Deed $2.3M · Pacific Union Bank
    Dec 20, 1999 — Shi J Um Um,k H Quit Claim Deed · related —
    Sep 29, 1995 — Kee H Um Sumitomo Bank Of California Quit Claim Deed · related $800k · Commerce Enterprises INC
    Jan 3, 1995 $1,059,062 Sumitomo Bank Westwater Claremont Partnershi Trustees Deed · related —
    — — Kee H Um — Deed Of Trust · related $826k · California Statewide Certified
    — — Bhuvneshwari Corp — Loan Modification · related $8.3M · Smart Hotel INC
    — — Bhuvneshwari Corp — Loan Modification · related $3.5M · Smart Hotel INC
    — — Park Shi J Living 2006 Trust — Deed Of Trust · related $2M · Nara Bank
    — — Shi J Park — Deed Of Trust · related $2.2M · Centerbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Los Angeles
    State
    California
    Longitude
    -117.718
    Latitude
    34.0805
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $218,908
    $8,477,943
    $8,029,504
    $16,507,447
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,150,000
      14,380 SF

      210 San Jose Ave

      MOTEL
      210 San Jose Ave, Claremont, CA 91711-5549
      View Details
    • Value Estimation
      $8,065,000
      35,244 SF

      701 Indian Hl Blvd

      MOTEL
      701 Indian Hl Blvd, Claremont, CA 91711-5446
      View Details
    • Value Estimation by Request
      0.10 Acres

      Claremont, CA 91711

      HOTEL
      Claremont, CA 91711
      View Details
    • Value Estimation
      $3,785,000
      58,812 SF

      Claremont, CA 91711

      HOTEL
      Claremont, CA 91711
      View Details
    • Value Estimation by Request
      1,080 SF

      3355 Indian Hl Blvd

      CAMPGROUND, RV PARK
      3355 Indian Hl Blvd, Claremont, CA 91711
      View Details
    • Value Estimation
      $1,515,000
      27,513 SF

      425 1st St

      HOTEL
      425 1st St, Claremont, CA 91711-4617
      View Details

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      Claremont Land with Development Potential

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    Similar Nearby for Lease

    • $2 SF/Yr

      Claremont Village Office Space

      Office space in amenity-rich Claremont Village Square.
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      Retail Space in Claremont Center

      Retail space with high foot traffic near Sprouts Farmers Market.
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      Claremont Office Space Sublease

      Office space available for sublease through 2027 in Claremont.
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      Claremont Office Space For Lease

      Office space available for lease in Claremont, California.
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      Retail/Office Space Near Sprouts

      Retail/office space in busy shopping center near Sprouts Farmers Market.
      843 W Foothill Blvd, Claremont, CA 91711
      View Details
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    Claremont, CA 91711-5454
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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