Back to Search
Property profile & analytics
FOR LEASE
Warehouses
2445 N Palm Dr Signal Hill, CA 90755
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6352118
For Lease
1 / 3
$6,200,000
2445 N Palm Dr, Signal Hill, CA 90755
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
TILT-UP CONCRETE
Total area
27,790 SF
Lot
1.18 ac (51,473 SF)
Zoning code
SHM2*
APN
7217-001-022
UPID
US09-6352118
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
$6.84M
CAP Approach
CAP
$6.27M
Comparable Approach
Comparable
$5.44M
Blend (final)
Blend
$6.20M
Owner & transaction history
Robert K Davis JR · 2 yrs held
Robert K Davis JR
since 2024
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
SHM2* · Signal Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+53.7%
Auto repair, garage
$8.8M
+37.3%
Retail stores
$7.8M
+21.9%
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 Signal Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Signal Hill 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
$6,815,000
ML approach
$6,840,000
CAP Approach
CAP Return
Estimation
6%
$6,790,000
6.5%
$6,270,000
7%
$5,820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,405,000
Current use
OFFICE BUILDING
$9,840,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,790,000
Change: +37% · Conversion: Easy
RETAIL STORES
$7,810,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,710,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$6.20M
Range $5.58M – $6.82M · ±10% · vs last sale $5.92M (Dec 28 2023)
Last sale anchor
$5.92M
Dec 28 2023
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
$223 / 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
$93,400
Tax year 2024
Assessed value
$6,971,551
Assessed 2024
Previous assessed
$6,971,551
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$3,122,452
Assessed improvement
$3,849,099
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
27,790 SF
Lot
1.18 ac (51,473 SF)
Zoning code
SHM2*
APN
7217-001-022
UPID
US09-6352118
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SHM2* · Signal Hill, CA
Zoning SHM2* · permitted uses
SHM2* · Signal Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Signal Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.4M
OFFICE BUILDING
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Robert K Davis JR
Individual
Mailing address
2801 HYPERION AVE STE #103, LOS ANGELES, CA 90027-2571
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Robert K Davis JR
Robert Korbel Davis JR
Correction Deed
related
—
Dec 28, 2023
—
Palm Space Provision LLC
Egt Palm Drive LLC
Intrafamily Transfer
related
—
Nov 20, 2023
—
Robert Korbel Davis JR
Robert K Davis JR
Intrafamily Transfer
related
—
Nov 17, 2014
$5,917,000
Egt Palm Drive LLC|kth Palm Drive LLC
Bess J Hodges Foundation
Grant Deed
—
Sep 30, 2009
$1,226,000
Bess J Hodges Foundation
Bjh Leasing INC
Grant Deed
—
Sep 24, 2008
—
City Of Signal Hill
Bjh Leasing INC
Grant Deed
related
—
Feb 12, 2008
—
B J H Leasing INC
B J H Leasing INC
Grant Deed
related
$3,000,000 · Farmers & Merchants Bank Of Long Be
Feb 3, 2006
$2,150,000
Beach Ctrl Wholesale Mark Long
Doty John T JR
Grant Deed
—
—
—
Bjh Leasing INC
—
Deed Of Trust
related
$150,000 · Bess J Hodges Foundation
—
—
Bjh Leasing INC
—
Deed Of Trust
related
$300,000 · Bess J Hodges Foundation
—
—
Bjh Leasing INC
—
Deed Of Trust
related
$50,000 · Bess J Hodges Foundation
—
—
Bch Ctrl Wholesale Marke Long
—
Deed Of Trust
related
$50,000 · Bess J Hodges Foundation
—
—
Bjh Leasing INC
—
Deed Of Trust
related
$300,000 · Bess J Hodges Foundation
—
—
Bjh Leasing INC
—
Deed Of Trust
related
$100,000 · Bess J Hodges Foundation
—
—
Bjh Leasing INC
—
Deed Of Trust
related
$100,000 · Bess J Hodges Foundation
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
