Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commerce Specialty Property For Rent Title is generated by Realmo AI

    5950 Corvette St, Commerce, CA 90040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Specialty property available for rent in Commerce, California.

    Type:Industrial
    Added:
    Mar 20, 2026
    Days on Market:
    61
    Last Refresh:
    Mar 21 at 8:12 pm

    Property Features for 5950 Corvette St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    jeff hubbard

    Listing agent jeff hubbard License #CA 00982290

    Listing office Lee & Associates - Los Angeles - Central

    Listing date Mar 20, 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 Lee & Associates - Los Angeles - Central

    HighLights

    • Year Built: 1989
    • Call broker for commission information.
    • Tenant to verify building/land square footage.
    • Tenant to verify permitted office size.
    • Tenant to verify dates of construction.
    • Tenant to verify clear height.

    Overview

    This specialty property is available for rent. Prospective tenants are advised to independently verify all details, including building and land square footage, permitted office size, dates of construction, clear height, power, sprinkler calculation, zoning, permitting and permitted uses, ADA compliance, parking, building and roof condition, HVAC, access, encroachments, floor load, and taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Los Angeles
    State
    California
    Longitude
    -118.1428587
    Latitude
    34.0055899

    Nearby Similar for Lease

    • $3,000/Mo
      2,400 SF

      Commerce, CA Office Space

      Office space for lease in Commerce, CA with parking.
      1117 Goodrich, Commerce, CA 90022
      View Details
    • Sponsored
      $129-$6,276/Mo
      11-1,292 SF

      Commerce Corporate Center

      5800 Eastern Ave, Unit 500, Commerce, CA 90040
      View Details
    • $1.50 SF/Yr
      10,942 SF

      Showroom/Storage Room Ground Floor Suite

      Ground floor showroom/storage suite with expansion options.
      2410 Yates Ave Suite 102, Commerce , CA 90040
      View Details
    • $1.65 SF/Yr
      48,175 SF

      Commerce Warehouse with Dock Doors

      Warehouse with fenced yard, dock doors, and ample power.
      6465 Corvette St, Commerce, CA 90040
      View Details
    • $1.05 SF/Yr
      17,607 SF

      Functional Warehouse Unit For Lease

      Functional warehouse unit with three loading docks and sprinkler system.
      2229 Yates Ave, Commerce, CA 90040
      View Details
    • $0.95 SF/Yr
      45,030 SF

      Industrial Building with Renovations

      45,030 SF industrial building with access to the 5 Freeway.
      2901 Tanager Avenue, Commerce, CA, 90040
      View Details
    • $1.50 SF/Yr
      6,698 SF

      Spacious Workroom/Storage Suite Available

      Ground floor suite suitable for showroom, light assemblage, and display.
      2410-2420 Yates Ave, Commerce, CA
      View Details
    • $1.30 SF/Yr
      52,494 SF

      Industrial Space with Rail Access

      52,494 SF industrial space with dock-high positions and rail.
      5350 Zambrano Street, Commerce, CA, 90040
      View Details
    • $1.15 SF/Yr
      30,000 SF

      Racked Warehouse Space Available

      19,000 SF racked warehouse space with gated yard.
      6541 E Washington Blvd, Commerce, CA
      View Details
    • $1.35 SF/Yr
      12,599 SF

      Commerce Warehouse with Secured Yard

      Warehouse with secured yard, dock high positions, and sprinkler system.
      6077 Rickenbacker Road, Commerce, CA, 90040
      View Details
    • $14,976/Mo
      14,976 SF

      Warehouse Space in Commerce

      14,976 SF warehouse with 24' clearance for lease.
      6205A Randolph St, Commerce, CA 90040
      View Details
    • $171 SF/Yr
      39,873 SF

      Manufacturing Facility in Opportunity Zone

      Manufacturing facility with high ceilings and heavy power in Commerce.
      6155 South Eastern Avenue, Commerce, CA 90040
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for rent in Commerce, California.
    Where is this specialty property located?
    The property is located at 5950 Corvette St Commerce, CA.
    What are key features of this property?
    This property features: Year Built: 1989; Call broker for commission information.; Tenant to verify building/land square footage.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    jeff hubbard
    Real Estate License ID: CA 00982290
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5950 Corvette St, Commerce, CA 90040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!