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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail space
948 Arrow Hwy Covina, CA 91724-1019
Entity Owned
6-yr Hold
Free & Clear
Property ID
US09-7835362
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
TILT-UP CONCRETE
Total area
2,116 SF
Lot
0.24 ac (10,521 SF)
Zoning code
LCC4*
APN
8404-001-004
UPID
US09-7835362
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
-
iTech Xpress Computer & Electronic Repair Tech Support Center
-
SmarterHome.ai - Compare Local Internet Deals Telecommunications Service Data Center
-
iTech Xpress Phone & Computer Repair Computer & Electronic Repair Tech Support Center
-
SALVAGEDATA Recovery Services Computer & Electronic Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$535k
Owner & transaction history
Wi Properties LLC · 6 yrs held
Wi Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
LCC4* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$660,000
+36.1%
Commercial (general)
$655,000
+34.6%
Warehouse, storage
$620,000
+28.0%
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
by Request
ML approach
$365,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
RETAIL STORES
$485,000
Current use
OFFICE BUILDING
$660,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$655,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$620,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$253 / 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
$10,643
Tax year 2024
Assessed value
$873,841
Assessed 2024
Previous assessed
$873,841
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$525,377
Assessed improvement
$348,464
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,116 SF
Lot
0.24 ac (10,521 SF)
Zoning code
LCC4*
APN
8404-001-004
UPID
US09-7835362
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC4* · Covina, CA
Zoning LCC4* · permitted uses
LCC4* · 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
RETAIL STORES Current
Est. value
$485,000
OFFICE BUILDING
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$620,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Wi Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
948 E ARROW HWY, COVINA, CA 91724-1019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Nov 1, 2019
—
Wi Properties LLC
Wafie Ibrahim
Quit Claim Deed
—
Aug 28, 2017
$775,000
Wafie Ibrahim
Simon S Choi
Grant Deed
$663,000 · Mufg Union Bank NA
Aug 28, 2017
—
Wafie Ibrahim
Camarena-ibrahim,rosalie A
Quit Claim Deed
related
—
Aug 28, 2015
$550,000
Simon S Choi
Roberto Higa
Grant Deed
$412,500 · Jpmorgan Chase Bank NA
Dec 18, 1997
$115,000
Roberto Higa
Mildred L St Claire Estate
Grant Deed
$34,500 · Mildred St Claire Estate
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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