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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
8932 State St South Gate, CA 90280-2926
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8692146
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
TILT-UP CONCRETE
Total area
2,030 SF
Lot
0.13 ac (5,589 SF)
Zoning code
SGCR*
APN
6210-026-038
UPID
US09-8692146
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
-
Stella324 Custom T-Shirt Store
-
Car Wash Car Wash
-
Stella324 KPop & K-Beauty (Bike/Boat/Book/etc) Store
-
JDM Water & More Big Box & Wholesale Store
-
Pink's Wrecker Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$625k
Owner & transaction history
Damsol LLC · 4 yrs held
Damsol LLC
since 2022
Last sale
$625,006
5 recorded transactions
Zoning & alternative use
SGCR* · South Gate, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$925,000
+114.4%
Office building
$910,000
+111.5%
Warehouse, storage
$595,000
+38.6%
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 South Gate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Gate 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
$625,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
RETAIL STORES
$430,000
Current use
MEDICAL BUILDING
$925,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: +112% · Conversion: Easy
WAREHOUSE, STORAGE
$595,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$430,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Apr 4 2022)
Last sale anchor
$625k
Apr 4 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
$308 / 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
$8,504
Tax year 2024
Assessed value
$650,250
Assessed 2024
Previous assessed
$650,250
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$442,170
Assessed improvement
$208,080
Applied tax rate
15.0000
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
2,030 SF
Lot
0.13 ac (5,589 SF)
Zoning code
SGCR*
APN
6210-026-038
UPID
US09-8692146
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SGCR* · South Gate, CA
Zoning SGCR* · permitted uses
SGCR* · South Gate, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Gate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$430,000
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$430,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Damsol LLC
Entity
Mailing address
9403 GALLATIN RD, DOWNEY, CA 90240-3036
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2022
$625,000
Damsol LLC
Aga Morad Investments Corp INC
Grant Deed
$531,200 · Mufg Union Bank NA
Apr 12, 2006
$750,000
Aga Morad Investments
Savage,stephen E
Grant Deed
$500,000 · Stephen E Savage
Jun 28, 1991
—
Stephen E Savage
—
Deed Of Trust
related
—
Jul 26, 1989
—
Stephen E Savage
—
Deed Of Trust
related
—
—
—
Stephen E Savage
—
Deed Of Trust
related
$150,000 · Sanwa Bank California
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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