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Property profile & analytics
OFF-MARKET
Estimated value
$9,320,000
Warehouses
1439 Herbert Ave, Commerce, CA 90023-4047
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7924102
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
TILT-UP CONCRETE
Total area
99,967 SF
Lot
4.04 ac (176,169 SF)
Zoning code
CMM2*
APN
5242-021-003
UPID
US09-7924102
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.23M
Blend (final)
Blend
$9.32M
Owner & transaction history
1415 Herbert LLC
1415 Herbert LLC
since 2025
7 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.32M
Range $8.39M – $10.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$87,592
Tax year 2024
Assessed value
$5,870,333
Assessed 2024
Previous assessed
$5,870,333
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$3,310,641
Assessed improvement
$2,559,692
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
99,967 SF
Lot
4.04 ac (176,169 SF)
Zoning code
CMM2*
APN
5242-021-003
UPID
US09-7924102
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM2* · Commerce, CA
Zoning CMM2* · permitted uses
CMM2* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Commerce. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
1415 Herbert LLC
Entity
Mailing address
5351 ROCKLEDGE DR, BUENA PARK, CA 90621-1620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
1415 Herbert LLC
—
Deed
related
$12,750,000 · City National Bank
Nov 18, 2025
$17,000,000
1415 Herbert LLC
Paik & Paik LLC
Grant Deed
—
Jan 23, 2024
—
Paik & Paik LLC
—
Deed
related
$500,000 · Finance One INC
Jan 19, 2022
—
Paik & Paik LLC
—
Deed
related
$8,200,000 · Pacific City Bank
Oct 27, 2017
—
Paik & Paik LLC
—
Deed
related
$1,000,000 · Pacific City Bank
Mar 22, 2012
—
Paik & Paik LLC
—
Deed Of Trust
related
$5,000,000 · Hanmi Bank
Nov 1, 2010
—
Paik & Paik LLC
—
Deed Of Trust
related
$4,000,000 · Hanmi Bank
Jan 7, 2008
—
Paik & Paik LLC
—
Deed Of Trust
related
$2,500,000 · Hanmi Bank
Sep 27, 2007
—
Paik & Paik LLC
Paik Family Trust
Quit Claim Deed
related
—
Feb 12, 2007
—
Paik Family Trust
Paik,nam H & Sung S
Quit Claim Deed
related
—
Dec 6, 2005
$1,600,000
Nam H Paik
Cho Family Trust
Grant Deed
—
May 4, 2005
—
Chul H Paik
—
Deed Of Trust
related
$1,500,000 · Hanmi Bank
Dec 24, 2003
—
Cho,tr
Cho,hyun J
Quit Claim Deed
related
—
Mar 5, 2003
$1,250,000
Hyun J Cho
Paik,chul H
Grant Deed
—
May 1, 1995
$2,500,000
Chul H Paik
Herbert-noakes Corp
Grant Deed
$1,500,000 · Hanmi Bank
—
—
Chul H Paik
—
Deed Of Trust
related
$365,000 · Hanmi Bank
—
—
Paik & Paik LLC
—
Deed Of Trust
related
$4,000,000 · Hanmi Bank
—
—
Chul H Paik
—
Deed Of Trust
related
$349,382 · Hanmi Bank
—
—
Chul H Paik
—
Deed Of Trust
related
$530,000 · Hanmi Bank
—
—
Chul H Paik
—
Deed Of Trust
related
$2,500,000 · Hanmi Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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