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Property profile & analytics
OFF-MARKET
Estimated value
$7,275,000
Warehouses
2553 Garfield Ave, Commerce, CA 90040-2605
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8597142
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
TILT-UP CONCRETE
Total area
23,950 SF
Lot
1.67 ac (72,888 SF)
Zoning code
CMM2*
APN
6336-007-040
UPID
US09-8597142
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
$7.28M
CAP Approach
CAP
$5.56M
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$7.28M
Owner & transaction history
Ocean King Fish INC · 1 yrs held
Ocean King Fish INC
since 2024
Last sale
$7.3M
3 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.0M
+90.0%
Medical building
$10.9M
+72.4%
Neighborhood: shopping center
$10.1M
+60.3%
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
$7,275,000
ML approach
$7,275,000
CAP Approach
CAP Return
Estimation
6%
$6,020,000
6.5%
$5,560,000
7%
$5,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,330,000
Current use
OFFICE BUILDING
$12,020,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$10,910,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,145,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$9,835,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,175,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±10% · vs last sale $7.28M (Aug 21 2024)
Last sale anchor
$7.28M
Aug 21 2024
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
$304 / 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
$58,481
Tax year 2024
Assessed value
$4,658,702
Assessed 2024
Previous assessed
$4,658,702
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,517,904
Assessed improvement
$1,140,798
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
23,950 SF
Lot
1.67 ac (72,888 SF)
Zoning code
CMM2*
APN
6336-007-040
UPID
US09-8597142
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
WAREHOUSE, STORAGE Current
Est. value
$6.3M
OFFICE BUILDING
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
RETAIL STORES
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$7.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1.67 ac
Current owner
From public records · entity-resolved
Ocean King Fish INC
Entity
Mailing address
2553 GARFIELD AVE10THFL, COMMERCE, CA 90040-2605
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Ocean King Fish INC
Dm Holdings Group LLC
Lease
$2,979,000 · Business Finance Capital
Aug 21, 2024
$7,275,000
Dm Holdings Group LLC
Rexford Industrial Realty LP
Grant Deed
$3,637,500 · East West Bank
Feb 17, 1967
$500
Los Angeles Board Of Adjusters
—
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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