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    2010 Wright Ave La Verne, CA 91750-5821

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    2010 Wright Ave La Verne, CA 91750-5821

    View on Map
    • Warehouses
    • 12,748 SF
    • 0.70 lot acres
    Off-Market
    Last Sale Mar 3, 2020
    $2,550,025
    Property ID
    US09-6806938
    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.
    Value Estimations
    $2,785,000
    Show details
    Cap Rate Potential
    5.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • EP Decking Inc / Building Supply / Industrial Manufacturer
    • Boom Industrial, Inc / Factory / Chemical Plant
    • Factory Floorings / Home Decor Store / Department Store

    Property Details for 2010 Wright Ave

    Year built
    1990
    Construction
    TILT-UP CONCRETE
    Lot size
    0.70 lot acres
    Property size
    12,748 SF
    Zone code
    LVPID*
    Property type
    Warehouses
    APN
    8378-013-041
    APU
    8378013041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,175,000
      ML approach
      $3,100,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,765,000
      6.5%
      $2,550,000
      7%
      $2,370,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,745,000
      Current use
      COMMERCIAL (GENERAL)
      $3,940,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    La Verne
    County
    Los Angeles
    State
    California
    Longitude
    -117.774
    Latitude
    34.0949
    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
    $42,943
    $1,908,517
    $825,594
    $2,734,111
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $2,245,000
      20,720 SF

      1441 Palomares St

      WAREHOUSE, STORAGE • 20,720 SF
      1441 Palomares St, La Verne, CA 91750-5234
      View Details
    • Value Estimation
      $2,930,000
      20,456 SF

      1871 Wright Ave

      WAREHOUSE, STORAGE • 20,456 SF
      1871 Wright Ave, La Verne, CA 91750-5817
      View Details
    • Value Estimation
      $2,605,000
      18,638 SF

      1773 Wright Ave

      WAREHOUSE, STORAGE • 18,638 SF
      1773 Wright Ave, La Verne, CA 91750-5841
      View Details
    • Value Estimation
      $2,375,000
      13,500 SF

      2376 1st St

      WAREHOUSE, STORAGE • 13,500 SF
      2376 1st St, La Verne, CA 91750-5545
      View Details
    • Value Estimation
      $8,880,000
      64,979 SF

      1502 Arrow Hwy

      WAREHOUSE, STORAGE • 64,979 SF
      1502 Arrow Hwy, La Verne, CA 91750-5318
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    • Value Estimation by Request
      43,560 SF

      1925 Mckinley Ave

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    Similar Nearby for Sale

    • Contact for pricing
      31,917 SF

      Free Standing Industrial Building

      Industrial building with office, A/C, and storage space.
      1751 Yeager Ave, La Verne, CA 91750
      View Details
    • $6,255,600
      19,248 SF

      Industrial Building in Business Park

      High-image industrial building with multiple loading doors.
      1721 Yeager Ave, La Verne, CA 91750
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      5,906 SF

      Land Adjacent to Foothill Gold

      Commercial land near University of La Verne and LA County Fairgrounds.
      2282 Arrow Hwy, La Verne, CA 91750
      View Details
    • Contact for pricing

      Land Parcel in Prime Location

      Highly visible land parcel near University and Fairplex.
      1828 Arrow Hwy, La Verne, CA 91750
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      15,000 SF

      Industrial Building with Gated Yard

      43,281 SF industrial building with gated shared yard.
      1736 Wright Ave, La Verne, CA 91750
      View Details
    • Contact for pricing

      La Verne Warehouse with Yard

      Warehouse with drop storage and fenced yard access available for lease.
      1970 Walker St, La Verne, CA 91750
      View Details
    • Contact for pricing

      La Verne Business Center

      Industrial, warehouse, and office spaces available for lease.
      2974-2988 1St St, La Verne, CA 91750
      View Details
    • $1.15 SF/Yr
      6,000 SF

      La Verne Warehouse with Yard

      6,000 SF warehouse with fenced yard and freeway access.
      1970 Walker St, La Verne, CA 91750
      View Details
    • Contact for pricing

      Freestanding Industrial Building with Yard

      Freestanding industrial building with office, yard, and bonus storage.
      1751 Yeager Ave, La Verne, CA 91750
      View Details
    • Contact for pricing
      15,000 SF

      Available Industrial Space for Lease

      15,000 SF industrial space available for lease.
      1736 Wright Ave, La Verne, CA 91750
      View Details
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    2010 Wright Ave
    La Verne, CA 91750-5821
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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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