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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Manufacturing properties
2414 Connor Ave Commerce, CA 90040-1043
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6410220
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1954
Construction
TILT-UP CONCRETE
Total area
5,500 SF
Lot
0.21 ac (9,322 SF)
Zoning code
CMM2*
APN
5243-029-020
UPID
US09-6410220
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
David Matthew Throgmorton · 1 yrs held
David Matthew Throgmorton
since 2024
7 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,365,000
Current use
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
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
$150 / 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
$10,125
Tax year 2024
Assessed value
$820,090
Assessed 2024
Previous assessed
$820,090
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$345,655
Assessed improvement
$474,435
Applied tax rate
12.0000
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,500 SF
Lot
0.21 ac (9,322 SF)
Zoning code
CMM2*
APN
5243-029-020
UPID
US09-6410220
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM2* · Commerce, CA
Zoning CMM2* · permitted uses
CMM2* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Commerce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
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
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
David Matthew Throgmorton
Individual
Free & Clear · 1 yrs held
Mailing address
8421 FLOSSMOOR RD, PICO RIVERA, CA 90660-5031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
David Matthew Throgmorton
David M Throgmorton
Intrafamily Transfer
related
—
Oct 2, 2019
—
David M Thorgmorton
Yolanda Martinez
Quit Claim Deed
related
$357,500 · Ana M Shuman
Jan 17, 2018
—
David M Throgmorton
—
Deed
related
$352,000 · Creative Inv
Nov 5, 2010
—
David M Throgmorton
Throgmorton,jeffory L
Quit Claim Deed
related
$250,000 · Creative Investment Group INC
Jan 22, 2010
—
Jeffory L Throgmorton
Throgmorton J L Trust
Quit Claim Deed
related
—
Jun 13, 2008
—
Throgmorton Jeffory L Trust
Throgmorton,jeffory L
Quit Claim Deed
related
—
Apr 5, 2004
—
Jefory L Throgmorton
Throgmorton,jeffory L
Quit Claim Deed
related
—
Sep 12, 2003
—
Jeffory L Throgmorton
Throgmorton,david M & Jeffory L
Quit Claim Deed
related
—
Sep 5, 2000
—
David M Throgmorton
Throgmorton,d M & Y M
Quit Claim Deed
related
—
Oct 16, 1995
—
David M Throgmorton
Certified Coatings Produc,
Grant Deed
related
—
—
—
David M Throgmorton
—
Loan Modification
related
$292,000 · No Lender On Document
—
—
David M Throgmorton
—
Deed Of Trust
related
$20,000 · Individual
—
—
David M Throgmorton
—
Loan Modification
related
$352,000 · Creative Inv
Aug 28, 1967
—
—
—
Grant Deed
related
—
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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