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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office buildings
927 Covina Blvd Covina, CA 91724-1564
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0282166
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
1,511 SF
Lot
0.17 ac (7,551 SF)
Zoning code
CVR-1-7500
APN
8404-022-017
UPID
US10-0282166
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$825k
Owner & transaction history
Kelly Lawrence Real Estate LLC · 1 yrs held
Kelly Lawrence Real Estate LLC
since 2024
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
CVR-1-7500 · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$920,000
+94.8%
Auto repair, garage
$700,000
+48.1%
Medical building
$685,000
+45.5%
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 Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covina 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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Nov 25 2024)
Last sale anchor
$825k
Nov 25 2024
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
$546 / 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
$5,341
Tax year 2024
Assessed value
$362,059
Assessed 2024
Previous assessed
$362,059
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$141,981
Assessed improvement
$220,078
Applied tax rate
2.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,511 SF
Lot
0.17 ac (7,551 SF)
Zoning code
CVR-1-7500
APN
8404-022-017
UPID
US10-0282166
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVR-1-7500 · Covina, CA
Zoning CVR-1-7500 · permitted uses
CVR-1-7500 · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$700,000
MEDICAL BUILDING
Est. value
$685,000
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kelly Lawrence Real Estate LLC
Entity
Mailing address
108 PINEWOOD PL, GLENDORA, CA 91741-3640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$825,000
Kelly Lawrence Real Estate LLC
Edward A Quesada
Grant Deed
$1,800,000 · Axos Bank
Jul 13, 2017
—
Quesada,edward A Trust
Quesada,edward A
Quit Claim Deed
related
—
Apr 16, 2003
—
Edward A Quesada
Farrut-quesada,christina
Quit Claim Deed
related
—
Apr 16, 2003
$255,000
Edward A Quesada
Witt,tr
Grant Deed
$175,000 · Witt Trust
Sep 27, 2002
$190,140
Witt,tr
M-smith INC
Trustees Deed
—
Jul 9, 2001
$225,000
M-smith INC
Covina Trust
Grant Deed
$180,000 · Witt Trust
Dec 14, 2000
$160,000
Covina Trust
Schwartz,robert G & Donna
Trustees Deed
—
Apr 14, 1988
$98,500
Robert Schwartz
Pack
Grant Deed
—
—
—
Robert G Schwartz
—
Deed Of Trust
related
$150,000 · Family First Mortgage
—
—
Edward A Quesada
—
Deed Of Trust
related
$50,000 · Witt Norman E SR Trust
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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