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

    968 Durfee Ave South El Monte, CA 91733-4408

    • Office buildings
    • 2,858 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2023
    $1,455,014
    Value Estimations
    $1,510,000
    Show details
    Cap Rate Potential
    4%
    Office buildings
    Location Intelligence
    Property ID
    US09-8200255
    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

    • Office buildings

    Property Details for 968 Durfee Ave

    Year built
    1992
    Construction
    TILT-UP CONCRETE
    Lot size
    0.21 lot acres
    Property size
    2,858 SF
    Zone code
    SER1*
    Property type
    Office buildings
    APN
    8119-011-032
    APU
    8119011032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,620,000
      ML approach
      $1,605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,090,000
      6.5%
      $1,005,000
      7%
      $935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,599,000
      Market price range: $537k - $1.60M
      AI Estimate
      $1,459,000
      Market price range: $180k - $1.46M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,005,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,740,000
      Change: +73% Conversion: Difficult
      MEDICAL BUILDING
      $1,300,000
      Change: +29% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    South El Monte
    County
    Los Angeles
    State
    California
    Longitude
    -118.046
    Latitude
    34.0345
    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
    $17,474
    $816,000
    $668,100
    $1,484,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      15,290 SF

      1170 Durfee Ave

      OFFICE BUILDING • 15,290 SF
      1170 Durfee Ave, South El Monte, CA 91733-4400
      View Details
    • Value Estimation
      $295,000
      100 SF

      10440 Vacco St, Unit 104C

      PROFESSIONAL BUILDING • 100 SF
      10440 Vacco St, South El Monte, CA 91733
      View Details
    • Value Estimation
      $275,000
      720 SF

      9711 Rush St

      OFFICE BUILDING • 720 SF
      9711 Rush St, South El Monte, CA 91733-1730
      View Details
    • Value Estimation
      $465,000
      1,298 SF

      2364 Peck Rd

      OFFICE BUILDING • 1,298 SF
      2364 Peck Rd, El Monte, CA 91733-3507
      View Details
    • Value Estimation
      $290,000
      700 SF

      9865 Alpaca St

      OFFICE BUILDING • 700 SF
      9865 Alpaca St, South El Monte, CA 91733-3101
      View Details
    • Value Estimation
      $360,000
      17,552 SF

      1441 Santa Anita Ave

      OFFICE BUILDING • 17,552 SF
      1441 Santa Anita Ave, South El Monte, CA 91733-3311
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Versatile Two-Story Building For Sale

      Two-story building suitable for medical or professional use.
      1304 Santa Anita Ave, South El Monte, CA 91733
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    • $4,250,000
      17,813 SF

      El Monte Office/Retail Portfolio

      Two-building portfolio with office and retail space for sale.
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      15,302 SF

      Two-Story Office Building For Sale

      High-image office building with private parking in San Gabriel.
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    • Contact for pricing
      36,861 SF

      South El Monte Office Building

      Two-story office building with freeway access and ample parking.
      1180 Durfee Ave, South El Monte, CA 91733
      View Details
    • $3,790,000
      9,000 SF

      El Monte Warehouse: Prime Location

      9,000 SF Warehouse, High Traffic Area
      10004 Garvey Ave, El Monte, CA 91733
      View Details
    • $640,990

      Stunning 3-Story Home in Brookhaven

      Three-story home with modern kitchen, luxurious owner's suite, and smart features.
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    Similar Nearby for Lease

    • $13,000 /Mo
      8,600 SF

      South El Monte Office Lease

      Newly built office space in a stand-alone building.
      2108 Santa Anita Ave, South El Monte, CA 91733
      View Details
    • Contact for pricing

      Prime Retail/Showroom/Office Space Available

      High-visibility corner lot suitable for retail, showroom, or office.
      10701 Garvey Ave, El Monte, CA 91733
      View Details
    • $3,850 /Mo

      El Monte Mixed-Use Building

      Two-story mixed-use building with office and warehouse space for lease.
      2160 Durfee Ave, El Monte, CA 91733
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Located on busy Garvey Ave, suitable for retail or office.
      10701 Garvey Ave, El Monte, CA 91733
      View Details
    • $3,850 /Mo
      3,670 SF

      El Monte Commercial Flex Space

      Two-story building with office and warehouse space for lease.
      2160 Durfee Ave, El Monte, CA 91733
      View Details
    • $27 SF/Yr
      36,861 SF

      South El Monte Office Building

      Prime Office Space Available, South El Monte, CA
      1180 Durfee Ave, South El Monte, CA 91733
      View Details
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    968 Durfee Ave
    South El Monte, CA 91733-4408
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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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