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Property profile & analytics
OFF-MARKET
Estimated value
$18,925,000
Warehouses
20851 Currier Rd Walnut, CA 91789-3018
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8550859
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
TILT-UP CONCRETE
Total area
56,680 SF
Lot
2.76 ac (120,053 SF)
Zoning code
IDM*
APN
8760-024-037
UPID
US09-8550859
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
Current use
Occupant on record · Public records
-
Luc Portable Toilet Rentals Building Supply
-
Axiom Apparel Group Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.93M
Owner & transaction history
Rexford Industrial Realty LP · 3 yrs held
Rexford Industrial Realty LP
since 2022
Last sale
$21.8M
7 recorded transactions
Zoning & alternative use
IDM* · Walnut, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.2M
+22.2%
Medical building
$25.8M
+20.1%
Office building
$25.4M
+18.5%
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 Walnut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut 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
$22,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,450,000
Current use
AUTO REPAIR, GARAGE
$26,215,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$25,765,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$25,425,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$21,725,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$18.93M
Range $17.03M – $20.82M · ±10% · vs last sale $21.80M (Oct 5 2022)
Last sale anchor
$21.80M
Oct 5 2022
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
$334 / 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
$270,177
Tax year 2024
Assessed value
$22,236,000
Assessed 2024
Previous assessed
$22,236,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$10,200,000
Assessed improvement
$12,036,000
Applied tax rate
13.0000
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
56,680 SF
Lot
2.76 ac (120,053 SF)
Zoning code
IDM*
APN
8760-024-037
UPID
US09-8550859
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
IDM* · Walnut, CA
Zoning IDM* · permitted uses
IDM* · Walnut, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walnut. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.5M
AUTO REPAIR, GARAGE
Est. value
$26.2M
MEDICAL BUILDING
Est. value
$25.8M
OFFICE BUILDING
Est. value
$25.4M
RETAIL STORES
Est. value
$21.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Rexford Industrial Realty LP
Entity
Mailing address
11620 WILSHIRE BLVD10THFL, LOS ANGELES, CA 90025-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Rexford Industrial Realty LP
—
Deed
related
—
Oct 5, 2022
$21,800,000
Rexford Industrial Realty LP
Dunhua Zheng
Grant Deed
—
Aug 11, 2020
—
Dunhua Zheng
—
Deed
related
$3,800,000 · China Citic Bk Int'l
Sep 5, 2019
—
Dunhua Zheng
—
Deed
related
$3,800,000 · China Citic Bk Int'l
Nov 1, 2018
—
Dunhua Zheng
—
Deed
related
$3,800,000 · China Citic Bk Int'l Ltd Los A
Dec 18, 2017
—
Dunhua Zheng
—
Deed
related
$3,800,000 · China Citic Bk Int'l Ltd Los A
Jan 22, 2010
$6,608,000
Dunhua Zheng
Hi-teck Warehouse Corp
Grant Deed
$3,000,000 · Mega Bank
Aug 31, 1999
$3,481,000
Hi-tek Warehouse Corp
Xebec Currier LLC
Grant Deed
$2,590,000 · United Commercial Bank
Sep 25, 1998
$840,000
Xebec,currier
Catellus Dev,
Trustees Deed
—
Sep 25, 1998
—
Xebec Currier LLC
—
Grant Deed
related
$2,175,000 · California State Bank
Oct 30, 1996
—
Catellus Development Corp
—
Deed Of Trust
related
$240,000,000 · Bank Of America
—
—
Hi-tek Warehouse Corp
—
Deed Of Trust
related
$2,900,000 · United Commercial Bank
—
—
Hi-tek Warehouse Corp
—
Deed Of Trust
related
$430,000 · United Commercial Bank
—
—
Dunhua Zheng
—
Loan Modification
related
$3,800,000 · China Citic Bk Int'l Ltd Los A
—
—
Dunhua Zheng
—
Loan Modification
related
$3,800,000 · China Citic Bk Int'l
—
—
Hi-tek Warehouse Corp
—
Deed Of Trust
related
$2,900,000 · United Commercial Bank
—
—
Dunhua Zheng
—
Deed Of Trust
related
$2,800,000 · China Citic Bk Int'l Ltd Los A
—
—
Dunhua Zheng
—
Loan Modification
related
$3,800,000 · China Citic Bk Int'l
—
—
Dunhua Zheng
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Hi-tek Warehouse Corp
—
Deed Of Trust
related
$2,000,000 · United Commercial Bank
—
—
Dunhua Zheng
—
Deed Of Trust
related
$2,880,000 · Bank Of America
—
—
Dunhua Zheng
—
Loan Modification
related
$3,800,000 · China Citic Bk Int'l Ltd Los A
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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