Freestanding Warehouse with
New
For Sale
Contact for pricing
6466 Gayhart St, Commerce, CA 90040
Renovated industrial space combines dedicated office area with ground-level and dock-high loading.
Property Size65,090 SF
Price / SF$285
Days on Market5
Property Features for 6466 Gayhart St
General Information
Standard status
Active
Size
65,090 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
7,400 SF
Dock-High Doors
3
Drive-In Doors
5
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Buildings
1
Listing Agency:
Lee & Associates
(323) 720-8484
Listed By:
Andrew Gage
(310) 265-3773
Source:
Moodyscre
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:19PM
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 freestanding warehouse property has undergone full renovations and includes 7,400 square feet of office space. The building offers 22-foot clear height, five ground-level doors and three dock-high doors. Electrical service is 800 amps at 480 volts, three phase.
Located on Gayhart Street in Commerce, the property is identified as a warehouse asset.
Located on Gayhart Street in Commerce, the property is identified as a warehouse asset.
Key Highlights
- 7,400 SF of office space
- 22' clear height
- Five ground‑level doors and three dock‑high doors
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
$846,947
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
4.57%
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%
$16,938,940
$16.9M
Cap Rate 7%
$12,099,243
$12.1M
Cap Rate 9%
$9,410,522
$9.4M
Market Conditions
NOI Build-Up for 65,090 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
$1.05M $16.08/SF
− Vacancy
−$50.2K −$0.77/SF
EGI
$996.4K $15.31/SF
− OpEx
−$149.5K −$2.30/SF
NOI
$846.9K $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%
$16,938,940
Cap Rate 7%
$12,099,243
Cap Rate 9%
$9,410,522
Alternative Uses
Best Use
Warehouse
$12.10M
$10.59M – $14.12M
NOI $846,947 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.85M
$30.49M – $40.66M
NOI $2,439,425 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
3
Dock-high doors
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90040, CA
12,089
Population
3,376
Households
3.6
Avg Household Size
36
Median Age
12%
College-Educated
65%
High-School Grad
5.6 sq mi
ZIP Area
2,159
Density / Sq Mi
$70,909
Median Household Income
$37,924
Median Earnings
$1,390
Median Rent
$576,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Commerce Center II — 6265 Bandini Blvd, Commerce, CA 90040
- Qualex — 2638 Yates Ave, Commerce, CA 90040
- File Keepers LLC — 5 Minson Way, Montebello, CA 90640
- 32 Cold — 6020 Sheila St, Commerce, CA 90040
- Golden West Trading — 6020 Sheila St, Commerce, CA 90040
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial space combines dedicated office area with ground-level and dock-high loading.
Where is this warehouse located?
The property is located at 6466 Gayhart St Commerce, CA.
What is the asking price?
The asking price for this property is $18,550,650.
What are key features of this property?
This property features: 7,400 SF of office space; 22' clear height; Five ground‑level doors and three dock‑high doors
