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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 Pacific Ave San Pedro, CA 90731-5934

    • Retail space
    • 1,400 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    9.6%
    Retail space
    Location Intelligence
    Property ID
    US09-8019352
    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

    • Retail space

    Property Details for 2216 Pacific Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    1,400 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    7465-003-003
    APU
    7465003003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $519,000
      Market price range: $137k - $519k
      AI Estimate
      $213,000
      Market price range: $80.7k - $213k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $330,000
      Current use
      WAREHOUSE, STORAGE
      $410,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $365,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Pedro
    County
    Los Angeles
    State
    California
    Longitude
    -118.288
    Latitude
    33.7239
    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
    $8,312
    $468,515
    $189,637
    $658,152
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $440,000
      9,495 SF

      1330 Pacific Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,495 SF
      1330 Pacific Ave, San Pedro, CA 90731-4199
      View Details
    • Value Estimation
      $420,000
      3,380 SF

      San Pedro, CA 90731

      RETAIL STORES (PERSONAL SERVICES) • 3,380 SF
      San Pedro, CA 90731
      View Details
    • Value Estimation
      $475,000
      8,000 SF

      639 Channel St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      639 Channel St, San Pedro, CA 90731-1435
      View Details
    • Value Estimation
      $370,000
      2,541 SF

      625 Gaffey St

      RETAIL STORES (PERSONAL SERVICES) • 2,541 SF
      625 Gaffey St, San Pedro, CA 90731-3026
      View Details
    • Value Estimation
      $565,000
      19,684 SF

      221 Hbr Blvd

      RETAIL STORES (PERSONAL SERVICES) • 19,684 SF
      221 Hbr Blvd, San Pedro, CA 90731
      View Details
    • Value Estimation
      $520,000
      10,764 SF

      437 6th St

      RETAIL STORES (PERSONAL SERVICES) • 10,764 SF
      437 6th St, San Pedro, CA 90731-2631
      View Details

    Similar Nearby for Sale

    • $1,730,000

      San Pedro Commercial Space For Sale

      4,300 sq ft commercial space in San Pedro.
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      Established Tech Resale Business Opportunity

      Profitable tech resale business established in 1995 in San Pedro, CA.
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      Versatile Commercial Building in San Pedro

      Adaptable commercial space with warehouse, offices, and redevelopment potential.
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    • $1,895,000
      3,070 SF

      Luxury Income Property with Garage

      Two units, premium garage, ocean views, and potential ADU development.
      726 W 37Th St, San Pedro, CA 90731
      View Details
    • $3,000,000
      10,224 SF

      Retail Property in San Pedro

      Retail property for sale in San Pedro, California.
      430 W 6Th St, San Pedro, CA 90731
      View Details
    • $649,900

      Former Restaurant on Main Street

      Former fast food restaurant needing renovation on main street.
      228 N Gaffey St, San Pedro, CA 90731
      View Details

    Similar Nearby for Lease

    • $15,300 /Mo

      San Pedro Retail/Office Space

      Retail or office space available for lease in San Pedro.
      624 S Pacific Ave, San Pedro, CA 90731
      View Details
    • $2,727 /Mo

      Updated Commercial Space in San Pedro

      Updated commercial space with high visibility and easy freeway access.
      245 N Gaffey St, San Pedro, CA 90731
      View Details
    • $27 SF/Yr
      19,684 SF

      Harbor Beacon Office Space

      Prime Los Angeles location, 3,000 sq ft available.
      233 Hbr Blvd, Los Angeles, CA 90731
      View Details
    • $30 SF/Yr
      292,000 SF

      Topaz Tower Retail Space

      Downtown San Pedro Retail Opportunity
      222 6Th St, Los Angeles, CA 90731
      View Details
    • $21 SF/Yr
      7,974 SF

      Gaffey Street Medical Office Space

      Beach Cities medical office, 1,000-2,160 SF
      312 Gaffey St, Los Angeles, CA 90731
      View Details
    • $27 SF/Yr
      1,925 SF

      Prime San Pedro Retail Space

      Restaurant Ready, 1925 SF, Downtown LA
      448 5Th St, Los Angeles, CA 90731
      View Details
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    2216 Pacific Ave
    San Pedro, CA 90731-5934
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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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