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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1516 Garfield Ave Commerce, CA 90022-5422

    • Office buildings
    • 4,248 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6468569
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1516 Garfield Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    4,248 SF
    Zone code
    LCC2*
    Property type
    Office buildings
    APN
    6351-013-011
    APU
    6351013011

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,935,000
      6.5%
      $1,790,000
      7%
      $1,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,452,000
      Market price range: $643k - $1.45M
      AI Estimate
      $1,007,000
      Market price range: $340k - $1.01M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,030,000
      Current use
      AUTO REPAIR, GARAGE
      $2,310,000
      Change: +124% Conversion: Difficult
      MEDICAL BUILDING
      $1,935,000
      Change: +88% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,800,000
      Change: +75% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,190,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $955,000
      Change: -7% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Los Angeles
    State
    California
    Longitude
    -118.131
    Latitude
    34.0085
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,457
    $858,948
    $334,654
    $1,193,602
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,770,000
      12,661 SF

      5255 Pomona Blvd

      PROFESSIONAL BUILDING • 12,661 SF
      5255 Pomona Blvd, Los Angeles, CA 90022-1753
      View Details
    • Value Estimation by Request
      472 SF

      6322 Whittier Blvd

      OFFICE BUILDING • 472 SF
      6322 Whittier Blvd, Los Angeles, CA 90022-4602
      View Details
    • Value Estimation
      $1,215,000
      5,677 SF

      1011 Goodrich Blvd

      PROFESSIONAL BUILDING • 5,677 SF
      1011 Goodrich Blvd, Commerce, CA 90022-5102
      View Details
    • Value Estimation by Request
      782 SF

      5424 Beverly Blvd

      PROFESSIONAL BUILDING • 782 SF
      5424 Beverly Blvd, Los Angeles, CA 90022-2208
      View Details
    • Value Estimation by Request
      1,250 SF

      6513 Whittier Blvd

      OFFICE BUILDING • 1,250 SF
      6513 Whittier Blvd, Los Angeles, CA 90022-4622
      View Details
    • Value Estimation by Request
      1,830 SF

      6449 Whittier Blvd

      PROFESSIONAL BUILDING • 1,830 SF
      6449 Whittier Blvd, Los Angeles, CA 90022-4627
      View Details

    Similar Nearby for Sale

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      Two-story office building with a secure, fenced parking lot.
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    • $1,695,000
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      Versatile commercial building with high visibility in Los Angeles.
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      Well-maintained medical office with excellent visibility and recent upgrades.
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      Commercial Mixed-Use Property in Los Angeles

      Versatile commercial/mixed-use property with high visibility and flexible zoning.
      4771 Cesar E Chavez Ave E Chavez, Los Angeles, CA 90022
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    • Contact for pricing

      Leased Investment Opportunity in Commerce

      Leased industrial property with secured yard and freeway frontage.
      Commerce, CA 90022
      View Details
    • $449,999

      East Los Angeles Investment Opportunity

      Prime retail/office space with high visibility on Whittier Blvd.
      6422 Whittier Blvd, East Los Angeles, CA 90022
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    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Space on Whittier

      Turn-key office space with private offices, conference room, reception.
      5301 Whittier Blvd, Los Angeles, CA 90022
      View Details
    • $3,980 /Mo

      East LA Mixed-Use Property

      Mixed-use property in East LA with commercial and residential potential.
      5709 E Beverly Blvd, Los Angeles, CA 90022
      View Details
    • New
      Contact for pricing
      2,400 SF

      Commerce, CA Office Space

      Office space for lease in Commerce, CA with parking.
      1117 Goodrich Blvd, Commerce, CA 90022
      View Details
    • $10,000 /Mo

      High Traffic Corner Property

      Corner property in a great location with parking.
      5805 E Beverly Blvd, East Los Angeles, CA 90022
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    • $30 SF/Yr
      4,294 SF

      East LA Civic Center Plaza Office Space

      Prime Southeast LA Office Suites, Ample Parking
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    • $1.99 SF/Yr
      1,035 SF

      Woodland Hills Office Space Available

      Second floor office space available for lease in Woodland Hills.
      22144 Clarendon St, Woodland Hills, CA 90022
      View Details
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    1516 Garfield Ave
    Commerce, CA 90022-5422
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    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
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