Well-Maintained Industrial Structures For
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5519 Jillson St, Commerce, CA
Clean, well-maintained industrial property in a prime Commerce location.
Property Size26,615 SF
Lot Size1.24 Acres
Price / SF$261.13
Days on Market861
Property Features for 5519 Jillson St
General Information
Standard status
Active
Size
26,615 SF
Lot size
1.24 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(213) 290-3599
Listed By:
Sehyung Kim · License #01327276
(213) 290-3599
Source:
Moodyscre
Added: Apr 3, 2024
Changed: Aug 8
Last Checked: Aug 10 at 7:49AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This well-maintained industrial property, totaling 26,615 square feet, is located in Commerce, California. The property is split into multiple units, making it suitable for a partial owner/user. It is situated adjacent to the City of Commerce Civic Center and within the City of Commerce Housing Opportunity Overlay. The location offers proximity to the 5 Freeway and Vernon.
Key Highlights
- Prime Commerce Location - Close to I‑5 and Vernon
- Split Into Multiple Units - Well‑Suited for Partial Owner/User
- Clean Well‑Maintained Industrial Structures
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
$311,025
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
4.48%
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%
$6,220,500
$6.2M
Cap Rate 7%
$4,443,214
$4.4M
Cap Rate 9%
$3,455,833
$3.5M
Market Conditions
NOI Build-Up for 26,615 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
$472.7K $17.76/SF
− Vacancy
−$28.4K −$1.07/SF
EGI
$444.3K $16.69/SF
− OpEx
−$133.3K −$5.01/SF
NOI
$311.0K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
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%
$6,220,500
Cap Rate 7%
$4,443,214
Cap Rate 9%
$3,455,833
Alternative Uses
Best Use
Industrial
$4.44M
$3.89M – $5.18M
NOI $311,025 @ 7.0% cap · market cap 4.48%
Second Best
Flex RnD
$3.39M
$2.97M – $3.96M
NOI $237,603 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$14.25M
$12.47M – $16.62M
NOI $997,470 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Clean, well-maintained industrial property in a prime Commerce location.
Where is this industrial property located?
The property is located at 5519 Jillson St Commerce, CA.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Prime Commerce Location - Close to I‑5 and Vernon; Split Into Multiple Units - Well‑Suited for Partial Owner/User; Clean Well‑Maintained Industrial Structures
