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Property profile & analytics
OFF-MARKET
Estimated value
$61,500,000
Warehouses
1925 Vernon Ave Vernon, CA 90058-1632
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8598668
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1932
Construction
TILT-UP CONCRETE
Total area
276,865 SF
Lot
6 ac (261,526 SF)
Zoning code
VEM*
APN
6302-017-052
UPID
US09-8598668
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
$61.50M
CAP Approach
CAP
$64.25M
Comparable Approach
Comparable
$46.59M
Blend (final)
Blend
$61.50M
Owner & transaction history
Coresite Real Estate La5 LP · 1 yrs held
Coresite Real Estate La5 LP
since 2024
Last sale
$61.5M
7 recorded transactions
Zoning & alternative use
VEM* · Vernon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$82.9M
+7.8%
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$61,500,000
ML approach
$61,500,000
CAP Approach
CAP Return
Estimation
6%
$69,605,000
6.5%
$64,250,000
7%
$59,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$76,940,000
Current use
COMMERCIAL (GENERAL)
$82,935,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$61.50M
Range $55.35M – $67.65M · ±10% · vs last sale $61.50M (Aug 23 2024)
Last sale anchor
$61.50M
Aug 23 2024
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
$222 / 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
$155,538
Tax year 2024
Assessed value
$1,719,904
Assessed 2024
Previous assessed
$1,719,904
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$1,344,589
Assessed improvement
$375,315
Applied tax rate
10.0000
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
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Total area
276,865 SF
Lot
6 ac (261,526 SF)
Zoning code
VEM*
APN
6302-017-052
UPID
US09-8598668
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
VEM* · Vernon, CA
Zoning VEM* · permitted uses
VEM* · Vernon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$76.9M
COMMERCIAL (GENERAL)
Est. value
$82.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Lot
6 ac
Current owner
From public records · entity-resolved
Coresite Real Estate La5 LP
Entity
Mailing address
1001 17TH ST STE #500, DENVER, CO 80202-2461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2024
$61,500,000
Coresite Real Estate La5 LP
The Alavern Company
Grant Deed
—
Jul 10, 2024
—
Ld Acquisition Company 19 LLC
—
Deed
related
—
Jan 10, 2024
—
Hilbri Property Owner LLC
The Alavern Company
Grant Deed
—
Jan 7, 2022
—
The Alavern Company
—
Deed
related
$5,000,000 · American Business Bank
Jan 5, 2022
—
The Alavern Company
—
Deed
related
$500,000 · American Business Bank
Mar 25, 2021
—
Ld Acquisition Company 19 LLC
—
Deed
related
$277,500,000 · Whitney Bank
Jun 27, 2008
—
Alavern Co
—
Deed Of Trust
related
$5,760,000 · Mellon First Business Bank
Feb 4, 2005
—
The Alavern Co
The Alavern Co
Quit Claim Deed
related
—
Sep 24, 2002
—
Alavern Co
—
Deed Of Trust
related
$1,460,000 · Mellon First Business Bank
May 1, 1996
—
Alavern Co
—
Deed Of Trust
related
$1,750,000 · City National Bank
—
—
Alavern Co
—
Deed Of Trust
related
$1,400,000 · City National Bank
Dec 3, 1964
$431,000
Alavern Co
—
Grant Deed
related
—
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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