Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2229 Yates Ave Commerce, CA 90040

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.05 SF/Yr

    Functional warehouse unit with three loading docks and sprinkler system.

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    Miles Solomon
    Miles Solomon
    Source: Lee-associates

    Listing Agency: Lee & Associates Listing Agent: Miles Solomon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Functional Warehouse Unit For Lease

    This functional warehouse unit is located in a central commerce location. The property features three loading docks, a new restroom, a break room, and LED lighting throughout. It has 16-foot sprinklered ceilings. The tenant is responsible for verifying all information, including building and land square footage, permitted office size, dates of construction, clear height, power, sprinkler calculation, zoning, permitting and permitted uses, ADA compliance, parking, building and roof condition, HVAC, access, encroachments, floor load, and taxes. The tenant must also obtain a business license and confirm zoning and use. Taxes listed are for the entire parcel.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Public Storage, Handy Self Storage, Api Kirk Containers, DJ's Towing LLC, Offstage Storage

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Los Angeles
    State
    California
    Longitude
    -118.1323068
    Latitude
    33.9990877

    Nearby Similar for Lease

    • Contact for pricing
      2,400 SF

      Commerce, CA Office Space

      Office space for lease in Commerce, CA with parking.
      1117 Goodrich Blvd, Commerce, CA 90022
      View Details
    • Sponsored
      Contact for pricing

      Commerce Corporate Center

      Discover many ways to work your way in Commerce Corporate Center
      5800 Eastern Ave, Commerce, CA 90040
      View Details
    • Contact for pricing

      Freestanding Building with Secured Yard

      Freestanding building with fenced yard, flexible lease terms available.
      7265 Oxford Way, Commerce, CA 90040
      View Details
    • Contact for pricing

      Multi-Tenant Office Complex For Rent

      Two-story office complex with brick and glass facade.
      5601 East Slauson Ave, Commerce, CA 90040
      View Details
    • $1.50 SF/Yr

      Showroom/Storage Room Ground Floor Suite

      Ground floor showroom/storage suite with expansion options.
      2410 Yates Ave, Commerce, CA 90040
      View Details
    • $171 SF/Yr

      Manufacturing Facility in Opportunity Zone

      Manufacturing facility with high ceilings and heavy power in Commerce.
      6155 South Eastern Ave, Commerce, CA 90040
      View Details
    • $1.80 SF/Yr

      High Image Office Warehouse Space

      Class A building with high image offices and warehouse space.
      5807 Smithway St, Commerce, CA 90040
      View Details
    • $1.65 SF/Yr

      Commerce Warehouse with Dock Doors

      Warehouse with fenced yard, dock doors, and ample power.
      6465 Corvette St, Commerce, CA 90040
      View Details
    • Contact for pricing

      Commerce Office Space Available

      Office space available for rent in Commerce, California.
      5300 South Eastern Ave, Commerce, CA 90040
      View Details
    • $0.79 SF/Yr
      75,000 SF

      Commerce Warehouse with Freeway Access

      75,000 SF warehouse with immediate freeway access for lease.
      2638 Yates Ave, Commerce, CA 90040
      View Details
    • Contact for pricing

      New Industrial Facility with Access

      Class A industrial facility with easy freeway access available for rent.
      6501 Flotilla St, Commerce, CA 90040
      View Details
    • Contact for pricing
      11,666 SF

      Functional Industrial Unit For Lease

      Industrial unit with dock high doors, near Telegraph Road.
      2933 Vail Ave, Commerce, CA 90040
      View Details

    FAQs

    What type of property is this?
    Warehouse - Functional warehouse unit with three loading docks and sprinkler system.
    Where is this warehouse located?
    The property is located at 2229 Yates Ave Commerce, CA.
    What is the lease rate?
    The lease rate is $1.05 SF/Yr.
    What are key features of this property?
    This property features: - Central Commerce Location; - Three Easy Loading Docks for efficient operations.; - 16' Sprinklered Ceilings
    (323) 922-3736
    Request Owner's contact information
    2229 Yates Ave Commerce, CA 90040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2229 Yates Ave
    Commerce, CA 90040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2229 Yates Ave Commerce, CA 90040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Miles Solomon
    Miles Solomon
    Real Estate License ID: 02099423
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!