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

    2950 Leonis Blvd Vernon, CA 90058

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $0.90 SF/Yr

    Commercial space for rent in prime Vernon location.

    Building Details

    Year built
    1946

    We can help!

    Listing Contact
    Adam Vilan
    Adam Vilan
    Source: Lee-associates

    Listing Agent: Adam Vilan

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

    Learn more

    Overview

    Vernon Location on Leonis Blvd

    Located on Leonis Boulevard near South Boyle Avenue in Vernon, this commercial real estate offers specialty property options for rent. The property is situated in a prime location within Vernon.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Los Angeles
    State
    California
    Longitude
    -118.222
    Latitude
    34.0012

    Nearby Similar for Lease

    • $0.95 SF/Yr
      48,724 SF

      Vernon Warehouse with Showrooms

      Sublease available in central Vernon location with extensive showrooms.
      4900-4950 S Santa Fe Ave, Vernon, CA
      View Details
    • $1.25 SF/Yr
      38,112 SF

      Vernon Warehouse with Creative Offices

      Warehouse space with 8,795 SF of creative office space.
      2825-2831 S Santa Fe Ave, Vernon, CA
      View Details
    • Contact for pricing

      Vernon Industrial Building with Yard

      Freestanding Class A building with secured yard and ample parking.
      4575 District Blvd, Vernon, CA 90058
      View Details
    • $1.05 SF/Yr
      401,587 SF

      Vernon Creative Office/Warehouse Space

      High-end creative office space suitable for manufacturing or warehouse.
      3150 East 46Th St, Vernon, CA 90058
      View Details
    • $1.30 SF/Yr
      31,573 SF

      Racked Warehouse with Office Space

      Shared warehouse space with racked storage and office component.
      3232 E Washington Blvd, Vernon, CA
      View Details
    • $0.35 SF/Yr
      253,000 SF

      Vernon Warehouse Space Available

      Inexpensive central Vernon warehouse space, can be combined.
      4454 Pacific Blvd, Vernon, CA 90058
      View Details
    • $1.38 SF/Yr
      50,093 SF

      Vernon Business Park Corner Unit

      Corner unit in Vernon Business Park with high ceilings.
      5981 Malburg Way, Vernon, CA 90058
      View Details
    • $1.00 SF/Yr
      10,143 SF

      Vernon Warehouse with Private Yard

      Warehouse with secure yard and dock high loading in Vernon.
      2828 Leonis Blvd, Vernon, CA 90058
      View Details
    • $1.00 SF/Yr
      9,707 SF

      Vernon Warehouse/Manufacturing Space Available

      Freestanding building suitable for warehousing or light manufacturing.
      2950 Leonis Blvd, Vernon, CA
      View Details
    • $0.60 SF/Yr
      66,100 SF

      Vernon Logistics Facility For Rent

      66,100 SF trucking, container, and logistics facility available for lease.
      4510 S Boyle Ave, Vernon, CA
      View Details
    • $1.09 SF/Yr
      42,350 SF

      Vernon Warehouse with Fenced Yard

      42,350 SF warehouse with large yard and easy freeway access.
      3301 Leonis Blvd, Vernon, CA
      View Details
    • $1.10 SF/Yr
      69,510 SF

      Vernon Warehouse with Secured Yard

      69,510 SF Class A warehouse with fenced yard.
      4575-4599 District Blvd, Vernon, CA
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space for rent in prime Vernon location.
    Where is this specialty property located?
    The property is located at 2950 Leonis Blvd Vernon, CA.
    What is the lease rate?
    The lease rate is $0.90 SF/Yr.
    What are key features of this property?
    This property features: - Prime Vernon Location; - Leon is Blvd/ S Boyle; - Year Built: 1946
    (323) 767-2047
    Request Owner's contact information
    2950 Leonis Blvd Vernon, CA 90058
    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.
    2950 Leonis Blvd
    Vernon, CA 90058
    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
    2950 Leonis Blvd Vernon, CA 90058
    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
    Adam Vilan
    Adam Vilan
    Real Estate License ID: 01903742
    (323) 767-2047 (323) 720-8484
    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!