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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Warehouses
2611 111th St Lynwood, CA 90262-1713
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8494240
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
TILT-UP CONCRETE
Total area
6,888 SF
Lot
0.23 ac (9,911 SF)
Zoning code
LYM*
APN
6170-005-028
UPID
US09-8494240
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
$2.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$3.22M
Owner & transaction history
Asks Enterprise LLC · 3 yrs held
Asks Enterprise LLC
since 2022
Last sale
$3.6M
5 recorded transactions
Zoning & alternative use
LYM* · Lynwood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+121.6%
Neighborhood: shopping center
$4.2M
+107.1%
Auto repair, garage
$3.2M
+57.4%
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 Lynwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynwood 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
$2,710,000
ML approach
$2,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,025,000
Current use
RESTAURANT
$4,485,000
Change: +122% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,190,000
Change: +107% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,185,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$3,130,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$3,090,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$2,085,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±10% · vs last sale $3.60M (Jul 28 2022)
Last sale anchor
$3.60M
Jul 28 2022
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
$467 / 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
$26,531
Tax year 2024
Assessed value
$1,907,400
Assessed 2024
Previous assessed
$1,907,400
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,377,000
Assessed improvement
$530,400
Applied tax rate
6.0000
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,888 SF
Lot
0.23 ac (9,911 SF)
Zoning code
LYM*
APN
6170-005-028
UPID
US09-8494240
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LYM* · Lynwood, CA
Zoning LYM* · permitted uses
LYM* · Lynwood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
RESTAURANT
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Asks Enterprise LLC
Entity
Mailing address
2508 VINEYARD AVE, LOS ANGELES, CA 90016-2906
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
$3,600,000
Asks Enterprise LLC
Faisal Iqbal
Grant Deed
$1,827,000 · First Citizens Bank & Trust Co
Jul 28, 2022
—
First Citizens Bank & Trust Company
Asks Enterprise LLC
Assignment Of Lease (leasehold Sale)
$1,482,000 · Ampac Tri State Cdc INC
Mar 18, 2022
$1,750,000
Faisal Iqbal
Sh Trading LLC
Grant Deed
—
Dec 31, 2020
$1,650,000
Sh Trading LLC LLC
Luth Family Trust
Grant Deed
—
Dec 2, 1999
—
Luth,perry A JR & Shirley Tr
—
Deed Of Trust
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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