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

    2450 Atlantic Blvd Commerce, CA 90040

    • Retail space
    • 27,532 SF
    • 1.06 lot acres
    For Lease
    View listing
    Last Sale
    Jul 14, 2020
    $6,325,000
    Value Estimations
    $7,200,000
    Cap Rate Potential
    9.2%
    Retail space
    Location Intelligence
    Property ID
    US09-8499038
    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

    • Corey R. Wilbur, MS / Doctor
    • Charito Carrillo, LCSW / Doctor
    • Liliana Nunez, BA / Doctor
    • Reina Baez / Marriage Or Relationship Counselor
    • Minerva Guzman, MFT / Doctor

    Property Details for 2450 Atlantic Blvd

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.06 lot acres
    Property size
    27,532 SF
    Zone code
    CMMI
    Property type
    Retail space
    APN
    6335-006-019
    APU
    6335006019

    Description

    Commerce Corner, located at 2450 S Atlantic Blvd, Commerce, CA 90040, offers a diverse range of leasing opportunities in a high-demand Southeast Los Angeles submarket. This Class B property boasts a total of 67,010 square feet, with spaces ranging from a minimum of 1,370 square feet to a maximum contiguous space of 22,448 square feet. The property is ideally suited for a variety of uses, including retail, office (traditional, executive, and creative), restaurant, bakery, boba shop, and donut shop. Multiple tenancy options are available. A prominent freestanding building with drive-thru potential is a key feature, situated directly across from a Starbucks, ensuring high visibility and significant foot and vehicle traffic. The property's location on South Atlantic Boulevard, near Washington Blvd, provides excellent access to major thoroughfares and is surrounded by other popular retail destinations, guaranteeing consistent customer flow. This makes Commerce Corner an exceptional choice for businesses seeking maximum exposure and a vibrant commercial environment. The property is categorized as a 2nd generation space, offering immediate occupancy potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,915,000
      ML approach
      $6,930,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,650,000
      6.5%
      $9,830,000
      7%
      $9,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,265,000
      Market price range: $5.38M - $18.8M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,305,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Los Angeles
    State
    California
    Longitude
    -118.168
    Latitude
    34.0021
    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
    $51,955
    $1,412,515
    $2,511,145
    $3,923,660
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      4,533 SF

      5900 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,533 SF
      5900 Washington Blvd, Commerce, CA 90040-2413
      View Details
    • Value Estimation
      $18,065,000
      18,662 SF

      4820 Eastern Ave

      RETAIL STORES (PERSONAL SERVICES) • 18,662 SF
      4820 Eastern Ave, Commerce, CA 90040-2933
      View Details
    • Value Estimation
      $305,000
      2,440 SF

      5536 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,440 SF
      5536 Washington Blvd, Commerce, CA 90040-1404
      View Details
    • Value Estimation
      $390,000
      2,450 SF

      2110 Atlantic Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      2110 Atlantic Blvd, Commerce, CA 90040-1320
      View Details
    • Value Estimation
      $630,000
      1,717 SF

      2128 Atlantic Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,717 SF
      2128 Atlantic Blvd, Commerce, CA 90040-1320
      View Details
    • Value Estimation
      $335,000
      2,450 SF

      2409 Atlantic Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      2409 Atlantic Blvd, Commerce, CA 90040-1230
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,154 SF

      Commerce Commercial Property on Corner

      Versatile commercial property with warehouse and retail storefront.
      5711 Sheila St, Commerce, CA 90040
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    • Contact for pricing
      54 SF

      Single-Story Commerce Office Campus

      Single-story office campus with creative open space potential in Commerce.
      5900 Eastern Ave, Los Angeles, CA 90040
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    • $995,000
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      2160 Atlantic St, Commerce, CA 90040

      Industrial properties • 3,750 SF
      2160 Atlantic St, Commerce, CA 90040
      View Details
    • $2,499,000
      10,074 SF

      10,000 SF Dock High Building

      Multi-purpose building with fenced yard for parking and loading.
      5346 Jillson St, Commerce, CA 90040
      View Details
    • $6,811,000
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      Commerce Warehouse with Dock High

      24,500 SF warehouse featuring dock high positions and ample power.
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    • $2,225,000

      Commerce Land Near Freeways

      Land with approved plans near 5 and 710 freeways.
      6278 Ave E.Slauson, Los Angeles, CA 90040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,010 SF

      Commerce Corner: Prime CA Space

      High-traffic retail & office suites available.
      2450 Atlantic Blvd, Commerce, CA 90040
      View Details
    • $1.50 SF/Yr
      6,698 SF

      Spacious Workroom/Storage Suite Available

      Ground floor suite suitable for showroom, light assemblage, and display.
      2410-2420 Yates Ave, Commerce, CA 90040
      View Details
    • $1.15 SF/Yr
      15,164 SF

      Industrial Property with Showroom

      Functional industrial property with showroom and excellent street exposure.
      2501 Yates Ave, Commerce, CA 90040
      View Details
    • $1.25 SF/Yr
      43,248 SF

      Industrial Property with Fenced Yard

      Industrial property featuring heavy power, fenced yard, and multiple docks.
      2917 S Vail Ave, Los Angeles, CA 90040
      View Details
    • $1.65 SF/Yr
      4,000 SF

      Commerce Industrial/Showroom Spaces For Rent

      Industrial and showroom spaces available in Commerce, California.
      2000-2032 Camfield Ave, Commerce, CA 90040
      View Details
    • $1.29 SF/Yr
      39,186 SF

      Industrial Building with Showroom

      Industrial building featuring showroom, office space, and private yards.
      2240 Garfield Ave, Commerce, CA 90040
      View Details
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    2450 Atlantic Blvd
    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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