Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    844 Wall St Los Angeles, CA 90014
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    844 Wall St Los Angeles, CA 90014

    View on Map
    • Retail space
    • 4,797 SF
    • 0.11 lot acres
    For Sale
    View Listing →
    844 Wall St, Los Angeles, CA For Sale
    Contact for pricing
    4,797 SF

    844 Wall St, Los Angeles, CA

    Prime DTLA building with high foot traffic, suitable for retail.

    844 Wall St, Los Angeles, CA 90014
    View Listing
    Property ID
    US09-6482798
    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

    • Royal Cortina / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 844 Wall St

    Year built
    1922
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Property size
    4,797 SF
    Zone code
    LAM2
    Property type
    Retail space
    APN
    5145-010-004
    APU
    5145010004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,855,000
      6.5%
      $1,715,000
      7%
      $1,590,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,970,000
      Current use
      OFFICE BUILDING
      $2,410,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $2,185,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,030,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.251
    Latitude
    34.039
    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
    $20,116
    $823,555
    $667,360
    $1,490,915
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,025,000
      11,360 SF

      821 San Pedro St

      RETAIL STORES (PERSONAL SERVICES) • 11,360 SF
      821 San Pedro St, Los Angeles, CA 90014-2405
      View Details
    • Value Estimation
      $980,000
      5,430 SF

      743 Santee St

      RETAIL STORES (PERSONAL SERVICES) • 5,430 SF
      743 Santee St, Los Angeles, CA 90014-2241
      View Details
    • Value Estimation
      $1,335,000
      5,670 SF

      716 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 5,670 SF
      716 Spg St, Los Angeles, CA 90014-2906
      View Details
    • Value Estimation
      $5,780,000
      18,575 SF

      620 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 18,575 SF
      620 Broadway, Los Angeles, CA 90014-1807
      View Details
    • Value Estimation by Request
      174,672 SF

      832 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 174,672 SF
      832 Hl St, Los Angeles, CA 90014
      View Details
    • Value Estimation by Request
      175,680 SF

      826 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 175,680 SF
      826 Hl St, Los Angeles, CA 90014
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,300 SF

      Retail/Wholesale Space Available

      Retail or wholesale space for rent in Los Angeles.
      846-848 Wall St, Los Angeles, CA 90014
      View Details
    • $2,500,000

      Fashion District Retail Opportunity

      Retail property in the heart of the Fashion District.
      818 S Los Angeles St, Los Angeles, CA 90014
      View Details
    • Contact for pricing

      Downtown LA Retail Condo

      Retail condominium in Downtown LA's Flower District for sale.
      315 E 8Th St, Los Angeles, CA 90014
      View Details
    • $15,950,000
      28,000 SF

      Ideal Conversion to Affordable Housing

      Ideal Conversion to Affordable Housing
      421 E 6th St, Los Angeles, CA 90014
      View Details
    • Contact for pricing
      3,677 SF

      High Clear Commercial Building

      Flex/industrial space suitable for creative uses, public parking nearby.
      1052-1054 S Olive St, Los Angeles, CA 90014
      View Details
    • $4,450,000
      12,000 SF

      Mixed-Use Property in Fashion District

      Two-story, 12,000 SF mixed-use property in Downtown Los Angeles.
      752 San Pedro St, Los Angeles, CA 90014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,071 SF

      Retail Space For Rent

      Ground floor retail space with TI packages available.
      701 South Hill St, Los Angeles, CA 90014
      View Details
    • Contact for pricing

      Retail Space with Private Rooftop

      Retail space featuring a private rooftop garden and tenant lounge.
      761 South Broadway, Los Angeles, CA 90014
      View Details
    • Contact for pricing

      Broadway Retail Space Available

      8,000 SF retail space in downtown Los Angeles.
      640 South Broadway, Los Angeles, CA 90014
      View Details
    • Contact for pricing

      Broadway Retail Space Available

      8,000 SF retail space in downtown Los Angeles.
      716 South Broadway, Los Angeles, CA 90014
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Retail or office space for rent in Los Angeles.
      756-758 S Spring St, Los Angeles, CA 90014
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    844 Wall St
    Los Angeles, CA 90014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!