Freestanding Warehouse with Fenced
New
For Sale
Contact for pricing
729 Merchant St, Los Angeles, CA 90021
Industrial facility includes office space, a fenced yard, and loading access for warehouse operations.
Property Size7,500 SF
Price / SF$313.33
Days on Market5
Property Features for 729 Merchant St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
560 SF
Dock-High Doors
4
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Listing Agency:
Daily Investment Co.
13 92929
Listed By:
Steven Kim
(213) 446-5959
Source:
Moodyscre
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 20 at 12:39PM
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 Daily Investment Co.
Investment Insights
Based on property information with market context.
This freestanding warehouse building contains 7,500 SF, including 560 SF of office space. Interior clear height ranges from 15 to 22 feet, providing functional volume for warehouse use. The property also includes a fenced yard and a combination of dock-high and ground-level loading doors.
Loading infrastructure includes 4 dock-high doors and 2 ground-level doors, supporting multiple access points for receiving and distribution. The property is located at 729 Merchant St in Los Angeles, California.
Loading infrastructure includes 4 dock-high doors and 2 ground-level doors, supporting multiple access points for receiving and distribution. The property is located at 729 Merchant St in Los Angeles, California.
Key Highlights
- 7,500 SF freestanding warehouse building
- 560 SF of office space
- 15'-22' clear height
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
$113,134
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
4.81%
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%
$2,262,680
$2.3M
Cap Rate 7%
$1,616,200
$1.6M
Cap Rate 9%
$1,257,044
$1.3M
Market Conditions
NOI Build-Up for 7,500 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
$142.2K $18.96/SF
− Vacancy
−$9.1K −$1.21/SF
EGI
$133.1K $17.75/SF
− OpEx
−$20.0K −$2.66/SF
NOI
$113.1K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$2,262,680
Cap Rate 7%
$1,616,200
Cap Rate 9%
$1,257,044
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,134 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$151.95M
$132.95M – $177.27M
NOI $10,636,185 @ 7.0% cap · market cap 452.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
7,673
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90021, CA
5,192
Population
1,694
Households
3.1
Avg Household Size
46
Median Age
20%
College-Educated
64%
High-School Grad
2.0 sq mi
ZIP Area
2,596
Density / Sq Mi
$32,250
Median Household Income
$35,528
Median Earnings
$984
Median Rent
$1,075,800
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 Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility includes office space, a fenced yard, and loading access for warehouse operations.
Where is this warehouse located?
The property is located at 729 Merchant St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 7,500 SF freestanding warehouse building; 560 SF of office space; 15'-22' clear height
