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    2119 S Atlantic Blvd Commerce, CA 90040
    Property profile & analytics

    2119 S Atlantic Blvd Commerce, CA 90040

    View on Map
    • Office buildings
    • 7,438 SF
    • 0.12 lot acres
    For Sale
    $1,950,000
    View Listing →
    Refurbished Industrial Corner Location For Sale
    $1,950,000
    7,438 SF

    Refurbished Industrial Corner Location

    Refurbished industrial property with high visibility near the 5 Freeway.

    2119 S Atlantic Blvd, Commerce, CA 90040
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2119 S 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 estimation — 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
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    • Value Estimation
      $5,900,000
      95,649 SF

      2035 Camfield Ave

      OFFICE BUILDING (MULTI-STORY) • 95,649 SF
      2035 Camfield Ave, Commerce, CA 90040-1501
      View Details
    • Value Estimation
      $6,040,000
      145,586 SF

      5701 Eastern Ave

      OFFICE BUILDING (MULTI-STORY) • 145,586 SF
      5701 Eastern Ave, Commerce, CA 90040-2973
      View Details
    • Value Estimation
      $1,795,000
      7,109 SF

      2101 Atlantic Blvd

      OFFICE BUILDING • 7,109 SF
      2101 Atlantic Blvd, Commerce, CA 90040-1319
      View Details
    • Value Estimation
      $4,965,000
      80,662 SF

      2040 Camfield Ave

      OFFICE BUILDING (MULTI-STORY) • 80,662 SF
      2040 Camfield Ave, Commerce, CA 90040-1502
      View Details
    • Value Estimation
      $23,715,000
      56,214 SF

      6119 Washington Blvd

      OFFICE BUILDING (MULTI-STORY) • 56,214 SF
      6119 Washington Blvd, Commerce, CA 90040-2436
      View Details

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      View Details
    • $399,000
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      Commerce, CA Industrial Land

      Industrial land zoned M2, ideal for storage and parking.
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      View Details
    • Contact for pricing
      22,998 SF

      5830 Triangle Dr, Commerce, CA 90040

      Warehouses • 22,998 SF
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      View Details

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      Class A Office Property

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      Multi-Tenant Office Complex For Rent

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      Office Space For Lease

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      Commerce Office Space For Rent

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    • Sponsored
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    View Listing
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    Commerce, CA 90040
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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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