Warehouse with Private Office
For Sale
Contact for pricing
2101 E 51ST ST, Vernon, CA 90058
Warehouse space with 18–21-foot clearance and loading doors, paired with substantial private office buildout.
Property Size13,720 SF
Price / SF$287.90
Days on Market101
Property Features for 2101 E 51ST ST
General Information
Standard status
Active
Size
13,720 SF
Class
B
Total Parking Spaces
14
Property subtype
Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1985
Year Renovated
2018
Stories
1
Units
1
Listing Agency:
The Blackmar Group
Listed By:
Mark Zakarian · License #CA 01992638
Source:
Crexi
Added: May 28
Changed: Sep 3
Last Checked: Sep 5 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Blackmar Group
Investment Insights
Based on property information with market context.
This for-sale property offers 13,720 SF of warehouse space with 18'-21' of clearance. The building includes two grade-level loading doors and a dedicated office component totaling approximately 3,220 SF, with the remaining 10,500 SF configured as warehouse area.
The property sits on a gated and secured lot and features a newly paved, striped parking lot with 14 surface parking spaces. Delivery is noted as vacant at COE, which can help simplify transition for an incoming owner.
The combination of warehouse capacity and multiple private offices can support a range of industrial users that need administrative space on site, such as logistics, light distribution, or operations with in-house staff. With practical loading access and on-site parking, the layout is well suited for users looking for an ownership opportunity that already includes functional office improvements alongside the warehouse.
The property sits on a gated and secured lot and features a newly paved, striped parking lot with 14 surface parking spaces. Delivery is noted as vacant at COE, which can help simplify transition for an incoming owner.
The combination of warehouse capacity and multiple private offices can support a range of industrial users that need administrative space on site, such as logistics, light distribution, or operations with in-house staff. With practical loading access and on-site parking, the layout is well suited for users looking for an ownership opportunity that already includes functional office improvements alongside the warehouse.
Key Highlights
- 13,720 SF warehouse space for purchase
- 18'-21' warehouse clearance
- 2 GL loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$299,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,998,160
$6.0M
Cap Rate 7%
$4,284,400
$4.3M
Cap Rate 9%
$3,332,311
$3.3M
Market Conditions
NOI Build-Up for 13,720 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$526.8K $38.40/SF
− Vacancy
−$127.0K −$9.25/SF
EGI
$399.9K $29.15/SF
− OpEx
−$100.0K −$7.29/SF
NOI
$299.9K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,998,160
Cap Rate 7%
$4,284,400
Cap Rate 9%
$3,332,311
Alternative Uses
Best Use
Office B
$4.28M
$3.75M – $5.00M
NOI $299,908 @ 7.0% cap · market cap 7.59%
Second Best
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,524 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$7.35M
$6.43M – $8.57M
NOI $514,194 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90058, CA
3,751
Population
1,179
Households
3.2
Avg Household Size
31
Median Age
22%
College-Educated
58%
High-School Grad
5.8 sq mi
ZIP Area
647
Density / Sq Mi
$36,680
Median Household Income
$24,594
Median Earnings
$1,030
Median Rent
$456,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space with 18–21-foot clearance and loading doors, paired with substantial private office buildout.
Where is this warehouse located?
The property is located at 2101 E 51ST ST Vernon, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 13,720 SF warehouse space for purchase; 18'-21' warehouse clearance; 2 GL loading doors
