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    Property profile & analytics

    2119 Atlantic Blvd Commerce, CA 90040-1319

    • Office buildings
    • 7,438 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2021
    $1,600,016
    Value Estimations
    $1,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8595501
    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 2119 Atlantic Blvd

    Year built
    1959
    Construction
    TILT-UP CONCRETE
    Lot size
    0.12 lot acres
    Property size
    7,438 SF
    Zone code
    CMC2*
    Property type
    Office buildings
    APN
    5244-013-037
    APU
    5244013037

    Description

    This exceptional 7,438 square foot flex space at 2119 S Atlantic Blvd in Commerce, California, presents a unique opportunity for businesses seeking a versatile and highly visible location. Situated in Los Angeles County, this single-tenant property boasts a prime corner location, ensuring excellent exposure and accessibility. The building is zoned C-M/1, offering flexibility for a variety of uses, including retail, office, and industrial applications. The property's versatile nature makes it ideal for businesses requiring a blend of office, manufacturing, and creative workspace. The entire 7,438 square feet is currently vacant and immediately available for sale or lease. Seller financing is available, making this an attractive option for qualified buyers. The property's address is 2119 S Atlantic Blvd, Commerce, CA 90040. This location offers easy access to major transportation routes, making it a strategic choice for businesses needing efficient logistics. The property's size and zoning provide ample space for expansion and customization to meet specific business needs. Interested parties should inquire for further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,655,000
      ML approach
      $1,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Los Angeles
    State
    California
    Longitude
    -118.161
    Latitude
    34.0079
    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
    $21,196
    $1,144,440
    $520,200
    $1,664,640
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $700,000
      36,000 SF

      5901 Slauson Ave

      OFFICE BUILDING • 36,000 SF
      5901 Slauson Ave, Commerce, CA 90040-3019
      View Details
    • Value Estimation
      $225,000
      50,256 SF

      5601 Slauson Ave

      OFFICE BUILDING (MULTI-STORY) • 50,256 SF
      5601 Slauson Ave, Commerce, CA 90040-2953
      View Details
    • Value Estimation
      $290,000
      47,558 SF

      5700 Eastern Ave

      OFFICE BUILDING (MULTI-STORY) • 47,558 SF
      5700 Eastern Ave, Commerce, CA 90040-2924
      View Details
    • Value Estimation
      $635,000
      173,678 SF

      200 Citadel Dr

      OFFICE BUILDING • 173,678 SF
      200 Citadel Dr, Los Angeles, CA 90040
      View Details
    • Value Estimation
      $690,000
      69,667 SF

      5800 Eastern Ave

      OFFICE BUILDING • 69,667 SF
      5800 Eastern Ave, Commerce, CA 90040-4016
      View Details
    • Value Estimation
      $305,000
      11,455 SF

      5670 Washington Blvd

      OFFICE BUILDING • 11,455 SF
      5670 Washington Blvd, Commerce, CA 90040-1406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Single-Story Commerce Office Campus

      Single-story office campus with creative open space potential in Commerce.
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      Commerce Office Suites for Lease

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    • $995,000
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      2160 Atlantic St, Commerce, CA 90040

      Industrial properties • 3,750 SF
      2160 Atlantic St, Commerce, CA 90040
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    • $2,499,000
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      10,000 SF Dock High Building

      Multi-purpose building with fenced yard for parking and loading.
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      Commerce Warehouse with Dock High

      24,500 SF warehouse featuring dock high positions and ample power.
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    • $8,146,000
      29,623 SF

      Commerce Warehouse with Fenced Yards

      Warehouse in Commerce, CA, featuring fenced yards and load levelers.
      6400 Fleet St, Commerce, CA 90040
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      54,219 SF

      Commerce Office Campus - 54,219 SF

      Single-story office, 3 suites available, ample parking.
      5900 Eastern Ave, Commerce, CA 90040
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    • $1.80 SF/Yr
      74,050 SF

      High Image Office Warehouse Space

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      Commerce Corporate Center Office Suites

      Premium LA Office Space: Flexible Options Available
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      View Details
    • Contact for pricing
      2,650 SF

      Commerce Executive Office Suites

      Modern Suites, Various Sizes Available
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      View Details
    • $34 SF/Yr
      7,838 SF

      Commerce Retail/Office Opportunity

      High-traffic retail space, 7,838 sq ft.
      2313 Atlantic Blvd, Commerce, CA 90040
      View Details
    • $1.50 SF/Yr
      6,698 SF

      Spacious Workroom/Storage Suite Available

      Ground floor suite suitable for showroom, light assemblage, and display.
      2410-2420 Yates Ave, Commerce, CA 90040
      View Details
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    2119 Atlantic Blvd
    Commerce, CA 90040-1319
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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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