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Property profile & analytics
OFF-MARKET
Estimated value
$8,080,000
Banks
8450 Firestone Blvd Downey, CA 90241-3844
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6345617
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1981
Construction
TILT-UP CONCRETE
Total area
17,782 SF
Lot
0.71 ac (30,876 SF)
Zoning code
DOC3-M1*
APN
6255-002-028
UPID
US09-6345617
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
Chase ATM Atm
-
Noemi Llamas - Chase Home Lending Advisor - NMLS ID 489829 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.89M
Blend (final)
Blend
$8.08M
Owner & transaction history
Jpmorgan Chase Bank National Associ · 3 yrs held
Jpmorgan Chase Bank National Associ
since 2022
Last sale
$8.8M
2 recorded transactions
Zoning & alternative use
DOC3-M1* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+16.3%
Neighborhood: shopping center
$10.8M
+8.7%
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
$5,600,000
ML approach
$6,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$9,955,000
Current use
RESTAURANT
$11,580,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,820,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,225,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$8,085,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$8.08M
Range $7.27M – $8.89M · ±10% · vs last sale $8.76M (Dec 20 2022)
Last sale anchor
$8.76M
Dec 20 2022
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
$454 / 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
$93,214
Tax year 2024
Assessed value
$7,046,160
Assessed 2024
Previous assessed
$7,046,160
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,264,000
Assessed improvement
$3,782,160
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
17,782 SF
Lot
0.71 ac (30,876 SF)
Zoning code
DOC3-M1*
APN
6255-002-028
UPID
US09-6345617
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC3-M1* · Downey, CA
Zoning DOC3-M1* · permitted uses
DOC3-M1* · 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
FINANCIAL BUILDING Current
Est. value
$10.0M
RESTAURANT
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$8.1M
FINANCIAL BUILDING Current
RESTAURANT
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Jpmorgan Chase Bank National Associ
Entity
Free & Clear · 3 yrs held
Mailing address
1111 POLARIS PKWY, COLUMBUS, OH 43240-2031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
$8,758,000
Jpmorgan Chase Bank National Associ
Metropolitan Life Insurance Company
Grant Deed
—
Sep 20, 1990
$1,684,981
Metropolitan Life Insurance Co
Unknown
Grant Deed
—
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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