Clear-Span Flex
For Sale
Contact for pricing
2456 E 57TH ST, Vernon, CA
Industrial facility combining column-free warehouse space, street and alley loading, office area, restrooms, and substantial electrical capacity.
Property Size6,500 SF
Price / SF$300
Days on Market10
Property Features for 2456 E 57TH ST
General Information
Standard status
Active
Size
6,500 SF
Class
C
Property subtype
Industrial, Business for Sale
Zoning
M2
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
20 ft
Clear Span
Yes
Office Build-Out
500 SF
Drive-In Doors
2
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Year Built
1943
Buildings
1
Stories
1
Units
1
Tenancy
Single
Construction
bow truss
Listing Agency:
Commercial Life Inc
Listed By:
Adrian Trejo · License #02253968
Source:
Crexi
Added: Aug 25
Changed: Sep 2
Last Checked: Sep 1 at 9:35PM
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 Commercial Life Inc
Investment Insights
Based on property information with market context.
This 6,500-square-foot flex space offers a column-free warehouse interior with approximately 20-foot clear height at the peak. The layout supports warehousing, racking, production, and related industrial operations, with approximately 500 square feet of office space and two restrooms incorporated into the building. Constructed in 1943, the property combines functional industrial improvements with administrative space.
Two 11-foot roll-up doors provide loading access from both the street and rear alley. Electrical service includes 3-phase, 480-volt power with approximately 400–600 amps, supporting operations that require substantial capacity. The configuration provides direct access for shipping and receiving along with adaptable warehouse and office areas.
Two 11-foot roll-up doors provide loading access from both the street and rear alley. Electrical service includes 3-phase, 480-volt power with approximately 400–600 amps, supporting operations that require substantial capacity. The configuration provides direct access for shipping and receiving along with adaptable warehouse and office areas.
Key Highlights
- 6,500‑square‑foot flex space with clear‑span bow truss construction
- Approximately 20‑foot clear height at the peak with no interior columns
- Two 11‑foot roll‑up doors serving the street and rear alley
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
$84,578
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
4.34%
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%
$1,691,560
$1.7M
Cap Rate 7%
$1,208,257
$1.2M
Cap Rate 9%
$939,756
$939.8K
Market Conditions
NOI Build-Up for 6,500 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
$104.5K $16.08/SF
− Vacancy
−$5.0K −$0.77/SF
EGI
$99.5K $15.31/SF
− OpEx
−$14.9K −$2.30/SF
NOI
$84.6K $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%
$1,691,560
Cap Rate 7%
$1,208,257
Cap Rate 9%
$939,756
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,578 @ 7.0% cap · market cap 4.34%
Second Best
Industrial
$1.09M
$949.5K – $1.27M
NOI $75,960 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,605 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Creative Concept — 2067 E 55th St, Vernon, CA 90058
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility combining column-free warehouse space, street and alley loading, office area, restrooms, and substantial electrical capacity.
Where is this flex space located?
The property is located at 2456 E 57TH ST Vernon, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 6,500‑square‑foot flex space with clear‑span bow truss construction; Approximately 20‑foot clear height at the peak with no interior columns; Two 11‑foot roll‑up doors serving the street and rear alley
