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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Warehouses
899 Cowles St Long Beach, CA 90813-1400
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7428754
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1953
Construction
TILT-UP CONCRETE
Total area
31,694 SF
Lot
0.98 ac (42,506 SF)
Zoning code
LBIG
APN
7271-011-004
UPID
US09-7428754
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
-
Hawaii Foodservice Alliance LLC Warehouse & Storage
-
Hawaii Freight Consolidation Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Eric W & Marisa L Hanke Family Trus · 11 yrs held
Eric W & Marisa L Hanke Family Trus
since 2014
7 recorded transactions
Zoning & alternative use
LBIG · Long Beach, 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 Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Beach 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%
$5,280,000
6.5%
$4,870,000
7%
$4,525,000
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±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
$120 / 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
$40,465
Tax year 2024
Assessed value
$2,892,440
Assessed 2024
Previous assessed
$2,892,440
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,058,726
Assessed improvement
$1,833,714
Applied tax rate
11.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
31,694 SF
Lot
0.98 ac (42,506 SF)
Zoning code
LBIG
APN
7271-011-004
UPID
US09-7428754
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBIG · Long Beach, CA
Zoning LBIG · permitted uses
LBIG · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Eric W & Marisa L Hanke Family Trus
Individual
Mailing address
901 SMT DR, LAGUNA BEACH, CA 92651-3428
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
Eric W Hanke
—
Deed
related
$2,700,000 · Jpmorgan Chase Bank NA
Dec 9, 2014
—
Eric W & Marisa L Hanke Family Trus
Eric W Hanke
Intrafamily Transfer
related
$2,380,000 · Jpmorgan Chase Bank NA
Nov 13, 2014
—
Hanke,e W & M L Family Trust
Hanke,eric
Quit Claim Deed
related
—
Jan 31, 2002
$1,900,000
Eric Hanke
Sevenstrand Tackle Corp
Grant Deed
—
Jan 31, 2002
—
Tackle Sevenstrand
Buchanan,w R
Grant Deed
related
—
Feb 4, 2000
$1,300,000
William R Buchanan
Treatman Trust
Grant Deed
$1,170,000 · California Federal Bank
Nov 17, 1997
—
Treatman,gary Tr
—
Deed Of Trust
related
—
Apr 8, 1994
—
Davis,dave Trustee
Davis,d
Quit Claim Deed
related
—
Mar 17, 1988
$1,105,000
Sevenstrand Tack
Lawee
Grant Deed
$679,000 · Queen City 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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