Modern Tilt-Up Warehouse with Dock-High
For Sale
Contact for pricing
2121 E 37th St, Vernon, CA 90058
Modern tilt-up warehouse on 2.18 acres with nine dock-high loading positions and 800 amps of electrical power.
Property Size56,074 SF
Lot Size2.18 Acres
Price / SF$285
Days on Market218
Property Features for 2121 E 37th St
General Information
Standard status
Active
Size
56,074 SF
Lot size
2.18 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
9
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Construction
tilt-up concrete
Listing Agency:
Colliers
(562) 293-6007
Listed By:
Nick Sablock
(562) 293-6007
Source:
Moodyscre
Added: Jan 26
Changed: Aug 14
Last Checked: Aug 31 at 2:20AM
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 Colliers
Investment Insights
Based on property information with market context.
This free-standing modern tilt-up warehouse offers dock-high loading capability and substantial land area for practical logistics and site operations. The building includes nine (9) dock-high loading positions, with additional positions potentially available.
The property sits on 2.18 acres of land (94,961 SF). Electrical service is listed at 800 amps with 277/480 volt, 3 phase, 4 wire power, supporting a wide range of warehouse and light industrial uses.
For tenants and buyers focused on distribution, storage, or operations that rely on truck access and dock loading, the combination of dock positions, tilt-up construction, and on-site utilities makes this facility well suited to modern warehousing needs.
The property sits on 2.18 acres of land (94,961 SF). Electrical service is listed at 800 amps with 277/480 volt, 3 phase, 4 wire power, supporting a wide range of warehouse and light industrial uses.
For tenants and buyers focused on distribution, storage, or operations that rely on truck access and dock loading, the combination of dock positions, tilt-up construction, and on-site utilities makes this facility well suited to modern warehousing needs.
Key Highlights
- Free‑standing modern tilt‑up warehouse
- Nine (9) dock‑high loading positions (more possible)
- 2.18 acres of land (94,961 SF)
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
$729,631
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
4.57%
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%
$14,592,620
$14.6M
Cap Rate 7%
$10,423,300
$10.4M
Cap Rate 9%
$8,107,011
$8.1M
Market Conditions
NOI Build-Up for 56,074 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
$901.7K $16.08/SF
− Vacancy
−$43.3K −$0.77/SF
EGI
$858.4K $15.31/SF
− OpEx
−$128.8K −$2.30/SF
NOI
$729.6K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$14,592,620
Cap Rate 7%
$10,423,300
Cap Rate 9%
$8,107,011
Alternative Uses
Best Use
Warehouse
$10.42M
$9.12M – $12.16M
NOI $729,631 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$30.02M
$26.27M – $35.03M
NOI $2,101,526 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Dock-high doors
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Modern tilt-up warehouse on 2.18 acres with nine dock-high loading positions and 800 amps of electrical power.
Where is this warehouse located?
The property is located at 2121 E 37th St Vernon, CA.
What is the asking price?
The asking price for this property is $15,981,090.
What are key features of this property?
This property features: Free‑standing modern tilt‑up warehouse; Nine (9) dock‑high loading positions (more possible); 2.18 acres of land (94,961 SF)
