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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
855 Foothill Blvd, Monrovia, CA 91016-1938
Trust Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-9478423
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1956
Construction
WOOD
Total area
3,425 SF
Lot
0.43 ac (18,909 SF)
Zoning code
MOCG*
APN
8504-024-001
UPID
US09-9478423
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
-
Azul Vision Monrovia Eye Care Center Ophthalmologist
-
Dr. Marcus J. Lemley, MD Ophthalmologist
-
Dr. Olivia C. Ong, MD Ophthalmologist
-
R. Alan Shelton, MD Ophthalmologist
-
California Eye Specialists Inc: Khaderi Khizer MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Lemley Marcus J Living Trust · 19 yrs held
Lemley Marcus J Living Trust
since 2006
7 recorded transactions
Zoning & alternative use
MOCG* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Monrovia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monrovia 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
$1,315,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$251 / 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
$12,552
Tax year 2024
Assessed value
$830,776
Assessed 2024
Previous assessed
$830,776
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$461,083
Assessed improvement
$369,693
Applied tax rate
6.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
3,425 SF
Lot
0.43 ac (18,909 SF)
Zoning code
MOCG*
APN
8504-024-001
UPID
US09-9478423
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCG* · Monrovia, CA
Zoning MOCG* · permitted uses
MOCG* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monrovia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
RETAIL STORES
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
1956
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Lemley Marcus J Living Trust
Trust
Mailing address
855 W FOOTHILL BLVD, MONROVIA, CA 91016-1938
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2006
—
Lemley Marcus J Living Trust
Lemley,marcus J
Quit Claim Deed
related
—
Jul 20, 2004
—
Marcus J Lembley
Civeltec Engineering INC
Quit Claim Deed
related
$560,000 · Pacific Western National Bank
Apr 12, 1999
$442,500
Marcus J Lemley
S D K & B Partnership
Grant Deed
$361,125 · First Professional Bank
Jun 12, 1990
$635,000
Cltc Exchange Co
Automobile Club
Trustees Deed
$508,000 · California State Bank
—
—
S D K Partne
—
Deed Of Trust
related
$508,000 · California State Bank
—
—
Marcus J Lemley
—
Deed Of Trust
related
$468,000 · Bank Of America
—
—
Marcus J Lemley
—
Deed Of Trust
related
$80,676 · First Professional 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.
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