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    Prime Commercial Land Opportunity Title is generated by Realmo AI

    424 S Lemon Avenue, Walnut, CA 91744

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    Claim this Listing
    For Sale
    $4,279,000

    Commercial Sale - Walnut, CA

    Property size:
    2,100 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $2,037/SF
    Added:
    Oct 18, 2023
    Days on Market:
    956
    Last Refresh:
    May 30 at 3:06 am

    Property Features for 424 S Lemon Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LCM 1/2
    Standard status
    Active
    APN
    8760023020
    Size
    2,100 SF
    Lot size
    0.96 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Legare

    Listing agent Steve Legare License #00452827

    Listing office West Shores Realty, Inc. 500 Silver Spur Rd # 207, Rolling Hills Estates, CA

    Listing date Oct 18, 2023

    MLS# SB23194366 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 0.96‑acre rectangular lot in City of Industry, CA.
    • Located near the future Walnut Business Park Project.
    • Existing improvements include a 960 sq.ft. office/retail building and a 1,144 sq.ft. storage structure.
    • Zoned for office/retail and storage use.
    • Positioned on Lemon Avenue, south of Valley Boulevard.
    • Partially asphalt and partially concrete paved lot.

    Overview

    This commercial property features a 41,698 sq. ft. or 0.96 acre rectangular-shaped lot. It is positioned along the east side of Lemon Avenue, 250 feet south of Valley Boulevard in the City of Industry, CA, and has a City of Walnut postal address. The site includes two buildings totaling 2100 rental square feet. These structures consist of a 960 sq. ft. one-story, wood-framed office/retail building in average condition and a 1,144 sq. ft. one-story, wood-framed storage structure in below-average condition. The lot is partially asphalt and partially concrete paved in average condition. Currently, the property is leased on a month-to-month basis and operated as a U-Haul franchise and vehicle storage yard. The property is located about 1-2 blocks from the future Walnut Business Park project, which is comprised of more than $00,000 sq ft of office park. Note that only the land is for sale, not the business.
    Property Profile Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility PM Express UHaul, ... Car Rental Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut
    County
    Los Angeles
    State
    California
    Longitude
    -117.8575768
    Latitude
    34.0090494

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      Walnut, CA Land For Sale

      Commercial land available in Walnut, California.
      424 S Lemon Avenue, Walnut, CA 91789
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    • Contact for pricing
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      Walnut Cross Dock Warehouse

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      Commercial Land Near Future Development

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    FAQs

    What type of property is this?
    Commercial land - Land for sale near future Walnut Business Park project.
    Where is this commercial land located?
    The property is located at 424 S Lemon Avenue Walnut, CA.
    What is the asking price?
    The asking price for this property is $4,279,000.
    What are key features of this property?
    This property features: Large 0.96‑acre rectangular lot in City of Industry, CA.; Located near the future Walnut Business Park Project.; Existing improvements include a 960 sq.ft. office/retail building and a 1,144 sq.ft. storage structure.
    (310) 939-7171
    We can help!
    Listing Contact
    Steve Legare
    Real Estate License ID: 00452827
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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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