Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    121 E St Wilmington, CA 90744
    Back to Search
    Property profile & analytics

    121 E St Wilmington, CA 90744

    View on Map
    • Commercial real estate
    • 3,944 SF
    • 0.10 lot acres
    For Sale
    $399,000
    View Listing →
    Wilmington Commercial Building - Huge Potential For Sale
    $399,000
    3,944 SF

    Wilmington Commercial Building - Huge Potential

    Prime Wilmington location, 3,944 sqft, redevelopment opportunity.

    121 E St, Wilmington, CA 90744
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 121 E St

    Year built
    1939
    Lot size
    0.10 lot acres
    Property size
    3,944 SF
    Property type
    Commercial real estate

    Description

    This 3,944 square foot commercial building, situated on a 0.1-acre lot at 121 E Street in Wilmington, CA, presents a unique investment opportunity. Currently configured as a meeting hall and industrial kitchen, the property is being used to support a feeding program. However, its adaptable layout and prime location offer significant potential for redevelopment. The building's blank-slate interior allows for a wide range of future uses, catering to diverse business needs. The property's proximity to numerous ongoing construction projects suggests a thriving and developing neighborhood, further enhancing its investment appeal. This presents a chance to capitalize on the area's growth and create a tailored commercial space. The substantial square footage provides ample room for expansion or modification, making it suitable for a variety of commercial ventures. The 0.1-acre lot offers potential for outdoor space or expansion depending on zoning regulations and future development plans. Investors seeking a flexible and strategically located property in a dynamic area will find this Wilmington commercial building a compelling proposition. The asking price of $399,000 makes this an attractive entry point into the Wilmington commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Los Angeles
    State
    California
    Longitude
    -118.263
    Latitude
    33.7758

    Comparable in this City

    • Value Estimation by Request

      810 Avalon Blvd

      Manufacturing properties
      810 Avalon Blvd, Los Angeles, CA 90744
      View Details
    • Value Estimation
      $590,000
      0.21 Acres

      330 Anaheim St

      COMMERCIAL (GENERAL) • 0.21 Acres
      330 Anaheim St, Wilmington, CA 90744
      View Details
    • Value Estimation by Request
      0.10 Acres

      811 Flint Ave

      COMMERCIAL (GENERAL) • 0.10 Acres
      811 Flint Ave, Wilmington, CA 90744
      View Details
    • Value Estimation by Request
      270 SF

      724 Pacific Coast Hwy

      COMMERCIAL (GENERAL) • 270 SF
      724 Pacific Coast Hwy, Wilmington, CA 90744-2548
      View Details
    • Value Estimation by Request
      0.20 Acres

      Wilmington, CA 90744

      Commercial real estate • 0.20 Acres
      Wilmington, CA 90744
      View Details
    • Value Estimation by Request
      0.10 Acres

      Wilmington, CA 90744

      COMMERCIAL (GENERAL) • 0.10 Acres
      Wilmington, CA 90744
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.20 Acres

      Wilmington Industrial Lot - $5,500

      0.2-acre lot, ideal storage or truck yard.
      Wilmington, CA 90744
      View Details
    • $650,000
      0.17 Acres

      Wilmington Commercial Lot - $650k

      Prime vacant lot, ideal for multi-family development. Opportunity Zone & enterprise zone.
      122 E St, Wilmington, CA 90744
      View Details
    • $1,850,000
      2,146 SF

      that will bring a new cycle of businesses and clients to the area! Don't get washed up and let this one flush away

      corner building & own the business with its own parking. Great location nearby apartments
      1170 Wilmington Blvd, Wilmington, CA 90744
      View Details
    • $399,000
      3,944 SF

      Wilmington Commercial Building - Huge Potential

      Prime Wilmington location, 3,944 sqft, redevelopment opportunity.
      121 E St, Wilmington, CA 90744
      View Details
    • $2,078,000
      4,509 SF

      Wilmington 7-Unit Apartment Building

      Prime rental income property; high upside potential.
      130 E Opp St, Wilmington, CA 90744
      View Details
    • $1,590,000
      2,146 SF

      Wilmington Commercial Building For Sale

      Commercial building with laundry-mat and water store business for sale.
      1170 N Wilmington Blvd, Wilmington, CA 90744
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr

      Freestanding Building on Extra Land

      Freestanding building with yard near freeways, suitable for storage.
      620 E Anaheim St, Wilmington, CA 90744
      View Details
    • Contact for pricing
      10,000 SF

      Wilmington Flex Space Sublease

      Flex space available for sublease with renovated office and secure yard.
      1675-1701 E Mauretania St, Wilmington, CA 90744
      View Details
    • $12,254 /Mo

      Truck Yard Parking Available

      Fenced, concrete-paved truck yard near LA and Long Beach Ports.
      124 W 124Th St E, Wilmington, CA 90744
      View Details
    • $6,500 /Mo
      4,998 SF

      Wilmington Warehouse Near Ports

      4998 SF warehouse in Wilmington, near the ports.
      440 N Marine St, Wilmington, CA 90744
      View Details
    • $650 /Mo
      350 SF

      Downtown Wilmington Office Space Available

      Classic 1927 office spaces for lease in Downtown Wilmington.
      810 N Avalon Blvd, Wilmington, CA 90744
      View Details
    • Contact for pricing

      Industrial Land for Sublease

      1.35 acre land site ideal for truck/container use.
      430 Lecouvreur Ave, Los Angeles, CA 90744
      View Details
    View Listing
    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.
    121 E St
    Wilmington, CA 90744
    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
    121 E St, Wilmington, CA, 90744
    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!