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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Strip malls
9389 Central Ave Montclair, CA 91763-2451
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0974561
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
WOOD
Total area
4,642 SF
Lot
1.8 ac (78,531 SF)
APN
1008-371-20-0000
UPID
US10-0974561
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Gershman Properties LLC · 9 yrs held
Gershman Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+27.8%
Auto repair, garage
$1.4M
+13.1%
Medical building
$1.3M
+7.5%
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 Montclair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montclair 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
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Current use
COMMERCIAL (GENERAL)
$1,595,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,415,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$1,345,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,185,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$257 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$187,120
Tax year 2023
Assessed value
$17,636,357
Assessed 2024
Previous assessed
$17,290,546
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,233,559
Assessed improvement
$15,402,798
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
4,642 SF
Lot
1.8 ac (78,531 SF)
APN
1008-371-20-0000
UPID
US10-0974561
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2016
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Gershman Properties LLC
Entity
Mailing address
12300 WILSHIRE BLVD STE #310, LOS ANGELES, CA 90025-1057
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 30, 2016
$15,500,000
Gershman Properties LLC
Montclair LLC
Grant Deed
$8,100,000 · Rabobank
Jun 25, 2015
—
Montclair LLC
City Of Montclair
Quit Claim Deed
related
—
May 7, 2015
—
Montclair LLC
—
Deed Of Trust
related
$5,730,000 · Privatebank & Tr
Apr 24, 2015
—
Montclair LLC
Valley Chinatown LLC
Quit Claim Deed
related
—
Mar 19, 2008
$2,101,000
Valley Chinatown LLC
Askarinam,behrooz & Fariba
Grant Deed
—
Sep 21, 2007
—
Askarinam,behrooz & Fariba
Valley Chinatown LLC
Grant Deed
$753,000 · Bral 126 El Faro LLC
Dec 20, 2006
—
Valley Chinatown LLC
Maggard Ents INC
Grant Deed
related
—
Jan 16, 1978
$25,000
Maggard Enterprises INC
—
Grant Deed
related
—
—
—
Montclair LLC
—
Loan Modification
related
$6,330,000 · Private Bk
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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