Property profile

2876 Vail Ave Commerce, CA 90040

OFF-MARKET
Warehouses
Property ID
US09-6411635
22,000 SF 1.01 ac lot Built 1956
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 22,000-square-foot industrial property, located at 2876 Vail Avenue in Commerce, California, presents a unique investment opportunity. Situated on a 1.01-acre lot, this building offers a compelling blend of manufacturing and warehouse space, ideal for owner-occupiers. The property features three dock-high doors, facilitating efficient loading and unloading operations. With a ceiling height of 14 feet, the space provides ample vertical clearance for various industrial uses. The building was constructed in 1956 and is zoned M2 - Heavy Industrial, allowing for a wide range of permitted activities. The asking price is $6,578,000, translating to a price per square foot of $299. The property is available for sale or lease under a triple net (NNN) lease agreement. While a lease commencement date of January 1st, 2025, is anticipated, the current lease term is negligible (0.1 years remaining). The property's location in Commerce, Los Angeles County, CA 90040 (APN 6354-037-003), offers excellent access to major transportation arteries, enhancing logistical efficiency. Interested parties should contact the listing agent for further details. This is a rare opportunity to acquire a well-located, functional industrial property in a thriving market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1956
Construction TILT-UP CONCRETE
Total area 22,000 SF
Lot 1.01 ac (44,186 SF)
Zoning code CMM2*
APN 6354-037-003
UPID US09-6411635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2876 Vail Ave Commerce, CA 90040-2614
Commerce metro Census 532303 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.41M
Comparable Approach Comparable
$3.56M
Blend (final) Blend
$635k

Owner & transaction history

since 2024
Last sale
$5.7M
3 recorded transactions
2024
$5.7M
2021
Price N/A
2018
Price N/A

Zoning & alternative use

CMM2* · Commerce, CA
Top alternative use upside
Commercial (general) $6.8M +17.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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