Individually Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a single-tenant, industrial warehouse located at 2136 Garfield Ave, Commerce, CA 90040. The property boasts a substantial 26,377 square feet of space within a single, one-story building constructed in 1954. Currently leased to Ceilings Plus/USG, the property offers a secure, long-term investment with a lease extending through October 31, 2027, and includes a five-year fair market value option to renew. The building sits on a sizable 44,630 square foot lot and is zoned M2. The warehouse features five dock-high doors and one grade-level door, providing ample loading and unloading capabilities. With a ceiling height of 14 feet, the space offers efficient storage and operational flexibility. The property's location in Commerce, Los Angeles County, provides excellent access to major transportation arteries, making it an ideal distribution hub. The property's APN is 6336-003-047. This is a rare opportunity to acquire a well-located, leased industrial property with a strong tenant and significant upside potential. The property's solid lease terms and strategic location make it an attractive addition to any investment portfolio. This is a single-unit property with excellent access and loading capabilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
TILT-UP CONCRETE
Total area
26,377 SF
Lot
1.02 ac (44,610 SF)
Zoning code
CMM2*
APN
6336-003-047
UPID
US09-8503031
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.28M
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$625k
Owner & transaction history
since 2024
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Top alternative use upside
Retail stores
$10.1M
+45.1%
Commercial (general)
$8.2M
+17.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$625k
Value range
$563k – $688k
±10% around blend
Estimated value / SF
$24 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$563k
blend $625k
$688k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
26,377 SF
Lot area
1.02 ac
Year built
1954
Stories
1
APN
6336-003-047
Zoning
CMM2*
Assessed value
$644,146
Annual tax
$11,597
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.28M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.72M
@ 6.5% CAP return
$5.28M
@ 7% CAP return
$4.91M
4
Sales comparison
Partial preview
Sales approach indication
$7.00M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 31,011 SF
1.9 mi away · 18,962 SF
2.0 mi away · 22,503 SF
2.7 mi away · 25,781 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$625k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$264
-91%
County 1878 sales
$294
-92%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $24/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+45%
vs current-use indication
Commercial (general)
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.59M
Move the market yield to see immediate price impact.
Value / SF
$288
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$478k
$9.57M
$6.84M
$5.32M
$532k
$10.63M
$7.59M
$5.91M
$585k
$11.70M
$8.35M
$6.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.25M
0.6 mi · Sep 2025 · $252/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,597
Tax year 2024
Assessed value
$644,146
Assessed 2024
Previous assessed
$644,146
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$269,190
Assessed improvement
$374,956
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
26,377 SF
Lot
1.02 ac (44,610 SF)
Zoning code
CMM2*
APN
6336-003-047
UPID
US09-8503031
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM2* · Commerce, CAZoning CMM2* · permitted uses
CMM2* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CMM2*
Jurisdiction
Commerce, CA
Recorded code
CMM2*
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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