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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8966 Garvey Ave Rosemead, CA 91770-3324

    • Retail space
    • 17,745 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2024
    Value Estimations
    $5,365,000
    Show details
    Cap Rate Potential
    7.9%
    Retail space
    Location Intelligence
    Property ID
    US09-6433541
    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.

    Current Use by Public Records

    • Rosemead Center / Business Center
    • Blue Diamond Travel & Tours / Tour Agency
    • Union Travel / Travel Agency
    • Union Professional Services / Accountant
    • Mr. Tung Pham / Acupuncturist

    Property Details for 8966 Garvey Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.98 lot acres
    Property size
    17,745 SF
    Zone code
    RMMI*
    Property type
    Retail space
    APN
    5282-010-030
    APU
    5282010030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,990,000
      ML approach
      $5,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,545,000
      6.5%
      $6,040,000
      7%
      $5,610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,171,000
      Market price range: $5.11M - $8.81M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,815,000
      Current use
      AUTO REPAIR, GARAGE
      $8,210,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $8,065,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $7,960,000
      Change: +17% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,485,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rosemead
    County
    Los Angeles
    State
    California
    Longitude
    -118.074
    Latitude
    34.0623
    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
    $68,978
    $3,195,000
    $1,728,000
    $4,923,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,075,000
      9,382 SF

      4213 Rosemead Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,382 SF
      4213 Rosemead Blvd, Rosemead, CA 91770-4431
      View Details
    • Value Estimation
      $1,395,000
      7,190 SF

      3119 San Gabriel Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,190 SF
      3119 San Gabriel Blvd, Rosemead, CA 91770-2545
      View Details
    • Value Estimation
      $2,020,000
      10,671 SF

      8744 Vly Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,671 SF
      8744 Vly Blvd, Rosemead, CA 91770
      View Details
    • Value Estimation
      $750,000
      3,016 SF

      8734 Vly Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,016 SF
      8734 Vly Blvd, Rosemead, CA 91770
      View Details
    • Value Estimation
      $1,080,000
      5,630 SF

      4016 Rosemead Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,630 SF
      4016 Rosemead Blvd, Rosemead, CA 91770-4401
      View Details
    • Value Estimation
      $3,210,000
      12,297 SF

      2101 San Gabriel Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,297 SF
      2101 San Gabriel Blvd, Rosemead, CA 91770-3641
      View Details

    Similar Nearby for Sale

    • $6,900,000
      22,320 SF

      Rosemead Industrial/Commercial Building For Sale

      22,320 SF building on 51,139 SF lot in Rosemead, CA.
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    • $2,880,000

      Versatile Commercial Property on Garvey

      Prime location suitable for diverse businesses with high traffic exposure.
      7548 Garvey Ave, Rosemead, CA 91770
      View Details
    • $15,250,000
      44,805 SF

      Rosemead Shopping Center Investment

      High-yield retail center, prime location.
      9000 Garvey Ave, Rosemead, CA 91770
      View Details
    • $7,000,000
      13,025 SF

      Rosemead Retail Investment Opportunity

      High-Visibility Retail & Auto Shop, 1 Acre
      3156 San Gabriel Blvd, Rosemead, CA 91770
      View Details
    • $15,250,000
      44,805 SF

      Rosemead Retail Portfolio For Sale

      Retail portfolio in strong commercial area with significant rental upside.
      9000 Garvey Ave, Rosemead, CA 91770
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    • $7,890,000
      9,395 SF

      Rosemead Retail Center - High Traffic

      Prime Retail Location, High Visibility, 9,395 SF
      9536 Valley Blvd, Rosemead, CA 91770
      View Details

    Similar Nearby for Lease

    • $1,926 /Mo

      Retail/Office Space in Fortress Plaza

      Retail or office space in a newly constructed Rosemead plaza.
      8968 Garvey Ave, Rosemead, CA 91770
      View Details
    • $1.75 SF/Yr
      1,600 SF

      Retail Space in Heavy Trade

      Retail store with parking and signage in high-traffic area.
      8927 Valley Blvd, Rosemead, CA 91770
      View Details
    • $4,000 /Mo

      Retail or Office Space Available

      Retail or office space for rent in Rosemead, CA.
      8966 Garvey Ave, Rosemead, CA 91770
      View Details
    • $1,950 /Mo
      1,145 SF

      Versatile Commercial Space in Rosemead

      Well-located Rosemead commercial space suitable for various business uses.
      8163 Arroyo Dr, Rosemead, CA 91770
      View Details
    • Contact for pricing
      3,100 SF

      Restaurant Space in Central Rosemead

      Ground-floor restaurant space with existing kitchen setup and high visibility.
      8450 Garvey Ave, Rosemead, CA 91770
      View Details
    • $0.40 SF/Yr
      47,916 SF

      Industrial Yard with Warehouse/Office

      1.1 acre industrial yard with warehouse and office space.
      4134 Temple City Blvd, Rosemead, CA 91770
      View Details
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    8966 Garvey Ave
    Rosemead, CA 91770-3324
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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.

    More about this property
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