Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1724 Aeros Way Montebello, CA 90640-6504

    • Manufacturing properties
    • 41,115 SF
    • 1.61 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2023
    $18,961,189
    Value Estimations
    $17,485,000
    Show details
    Cap Rate Potential
    3%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-9540412
    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

    • Elite Stone Los Angeles Inc. / Kitchen & Bath Showroom / Hardware & Home Improvement

    Property Details for 1724 Aeros Way

    Year built
    1968
    Construction
    WOOD
    Lot size
    1.61 lot acres
    Property size
    41,115 SF
    Zone code
    MNM2*
    Property type
    Manufacturing properties
    APN
    6354-028-025
    APU
    6354028025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,955,000
      Market price range: $3.06M - $16.0M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $11,160,000
      Current use
      RESTAURANT
      $26,775,000
      Change: +140% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $25,025,000
      Change: +124% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $19,015,000
      Change: +70% Conversion: Easy
      MEDICAL BUILDING
      $18,690,000
      Change: +68% Conversion: Difficult
      WAREHOUSE, STORAGE
      $12,080,000
      Change: +8% Conversion: Easy
      RETAIL STORES
      $11,840,000
      Change: +6% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $11,165,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.123
    Latitude
    33.9781
    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
    $173,959
    $3,355,800
    $9,066,780
    $12,422,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,390,000
      20,166 SF

      1400 Washington Blvd

      MANUFACTURING (LIGHT) • 20,166 SF
      1400 Washington Blvd, Montebello, CA 90640-6018
      View Details
    • Value Estimation
      $3,085,000
      39,254 SF

      1625 Washington Blvd

      MANUFACTURING (LIGHT) • 39,254 SF
      1625 Washington Blvd, Montebello, CA 90640-5423
      View Details
    • Value Estimation
      $1,845,000
      20,005 SF

      8130 Slauson Ave

      HEAVY MANUFACTURING • 20,005 SF
      8130 Slauson Ave, Montebello, CA 90640-6622
      View Details
    • Value Estimation by Request
      2,464 SF

      835 Truck Way

      MANUFACTURING (LIGHT) • 2,464 SF
      835 Truck Way, Montebello, CA 90640-5119
      View Details
    • Value Estimation
      $2,155,000
      23,328 SF

      720 Vail Ave

      MANUFACTURING (LIGHT) • 23,328 SF
      720 Vail Ave, Montebello, CA 90640-4973
      View Details
    • Value Estimation
      $970,000
      5,400 SF

      127 Van Norman Rd

      MANUFACTURING (LIGHT) • 5,400 SF
      127 Van Norman Rd, Montebello, CA 90640-5312
      View Details

    Similar Nearby for Sale

    • $7,900,000
      27,932 SF

      Central Los Angeles Warehouse Opportunity

      Warehouse with excess land, tenant in place, freeway access.
      911-913 S Maple Ave, Montebello, CA 90640
      View Details
    • $1,200,000
      3,000 SF

      Montebello Commercial Trio - High Visibility

      Three Storefront Units, Gated Parking, High Traffic
      3511 Beverly Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      1,845 SF

      Montebello Mixed-Use Commercial Space

      Prime Montebello location, high visibility, updated unit.
      3505 Blvd, Montebello, CA 90640
      View Details
    • $650,000
      1,400 SF

      Liquor Store Business & Real Estate

      Established liquor store with check cashing business and real estate.
      1129 Washington Blvd, Montebello, CA 90640
      View Details
    • $2,300,000
      22,176 SF

      Industrial Lot in Montebello

      Rare industrial lot with existing infrastructure and paved yard.
      860 Truck Way, Montebello, CA 90640
      View Details
    • $850,000
      Pending

      Residential Income Property For Sale

      Income-producing property in Montebello with cash flow and equity potential.
      416 W Cleveland Ave, Montebello, CA 90640
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Food Processing & Distribution Facility

      Brand new facility with freezer, coolers, and floor drains.
      1115 West Olympic Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      5,549 SF

      Industrial Space in Gated Complex

      Industrial space for lease in Montebello, CA.
      933-945 Greenwood Ave, Montebello, CA 90640
      View Details
    • Contact for pricing
      13,860 SF

      Montebello Warehouse and Office Space

      Mix of office and warehouse space with freeway access.
      501-507 Washington Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing

      Montebello Warehouse with Dock High

      Warehouse space in Montebello with street frontage and dock-high positions.
      1625-1631 W Washington Blvd, Montebello, CA 90640
      View Details
    • $1.25 SF/Yr
      31,125 SF

      Industrial Space Available for Lease

      Industrial property featuring 31,125 square feet available for lease.
      710 Union St, Montebello, CA 90640
      View Details
    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.
    1724 Aeros Way
    Montebello, CA 90640-6504
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!