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    Freestanding Warehouse Facility Title is generated by Realmo AI

    241 N Pacific Avenue, San Pedro, CA 90731

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    Freestanding warehouse near the Port of Los Angeles and West Harbor waterfront development, supporting flexible industrial operations.

    Type:Industrial
    Property size:
    2,430 SF
    Price / SF:
    $473/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:01 am

    Property Features for 241 N Pacific Avenue

    General Information

    Standard status
    Active
    Size
    2,430 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Milan Sigal Ashley
    Milan Sigal Ashley

    Listing agent Milan Sigal Ashley License #CA 02114806

    Listing office WESTMAC

    Listing date Jun 2, 2026

    Source Crexi

    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 WESTMAC

    HighLights

    • Freestanding commercial warehouse on N Pacific Avenue in San Pedro (built 1977).
    • Port‑adjacent setting near the Port of Los Angeles and the new West Harbor waterfront development.
    • Functional industrial layout suited for owner‑users, warehouse/distribution, contractors, creative industrial users, or investors.
    • Dedicated access and strong street presence along Pacific Avenue for operations and visibility.
    • Close to major transportation connections including the I‑110 Freeway and the Vincent Thomas Bridge.
    • Near regional port infrastructure and nearby attractions including the USS Iowa Museum and LA Waterfront.

    Overview

    241 N Pacific Avenue is a freestanding commercial warehouse totaling 2,430 square feet, offering a functional industrial layout and operational flexibility. The property’s configuration supports warehouse and distribution use, as well as contractor and creative industrial operations that need dedicated, street-facing access.

    Located in the heart of San Pedro, the site is described as moments from the Port of Los Angeles and the new West Harbor waterfront development. It also benefits from regional connectivity to major transportation corridors, including the I-110 Freeway and the Vincent Thomas Bridge, with proximity to port infrastructure. The property is presented as having strong street presence along Pacific Avenue and is near the LA Waterfront district, including the USS Iowa Museum and the Los Angeles Waterfront.

    For tenants, this asset is positioned for practical industrial use where a freestanding warehouse can streamline day-to-day operations. For owner-users, the layout may accommodate warehousing and distribution workflows, while investors and operators may value the infill, port-adjacent setting described in the offering for diversified industrial tenant fit.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Auto Palace — 460 W 5th St, San Pedro, CA 90731
    • Self Storage — 353 w 6th st, san pedro, ca 90731
    • Near2Me Storage Units — 615 s pacific ave, san pedro, ca 90731
    • Bounce Luggage Storage - 24/7 San Pedro — 601 s palos verdes st, los angeles, ca 90731
    • PLAZA STORAGE — 630 S Pacific Ave, San Pedro, CA 90731

    Location Insight

    • Map
    • Local Demand
    City
    San Pedro
    County
    Los Angeles
    State
    California
    Longitude
    -118.47617
    Latitude
    33.99234

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    FAQs

    What type of property is this?
    Warehouse - Freestanding warehouse near the Port of Los Angeles and West Harbor waterfront development, supporting flexible industrial operations.
    Where is this warehouse located?
    The property is located at 241 N Pacific Avenue San Pedro, CA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Freestanding commercial warehouse on N Pacific Avenue in San Pedro (built 1977).; Port‑adjacent setting near the Port of Los Angeles and the new West Harbor waterfront development.; Functional industrial layout suited for owner‑users, warehouse/distribution, contractors, creative industrial users, or investors.
    (310) 966-4352 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Milan Sigal Ashley
    Milan Sigal Ashley
    Real Estate License ID: CA 02114806
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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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