New search
Property profile & analytics
FOR LEASE
Warehouses
2901 Tanager Ave Commerce, CA 90040
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6411637
For Lease
1 / 3
$16,265,000
2901 Tanager Ave, Commerce, CA 90040
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
TILT-UP CONCRETE
Total area
44,612 SF
Lot
1.6 ac (69,494 SF)
Zoning code
CMM2*
APN
6354-037-007
UPID
US09-6411637
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
by Request
CAP Approach
CAP
$10.36M
Comparable Approach
Comparable
$16.51M
Blend (final)
Blend
$16.27M
Owner & transaction history
2901 Tanager Avenue LLC · 3 yrs held
2901 Tanager Avenue LLC
since 2022
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.3M
+105.8%
Office building
$22.4M
+90.0%
Medical building
$20.3M
+72.4%
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 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
$16,545,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,215,000
6.5%
$10,355,000
7%
$9,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,785,000
Current use
AUTO REPAIR, GARAGE
$24,250,000
Change: +106% · Conversion: Easy
OFFICE BUILDING
$22,390,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$20,325,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,895,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$18,315,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,365,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$16.27M
Range $14.64M – $17.89M · ±10% · vs last sale $16.00M (Aug 4 2022)
Last sale anchor
$16.00M
Aug 4 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
$365 / 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
$193,501
Tax year 2024
Assessed value
$16,320,000
Assessed 2024
Previous assessed
$16,320,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$10,810,980
Assessed improvement
$5,509,020
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
For Lease
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
44,612 SF
Lot
1.6 ac (69,494 SF)
Zoning code
CMM2*
APN
6354-037-007
UPID
US09-6411637
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
$11.8M
AUTO REPAIR, GARAGE
Est. value
$24.3M
OFFICE BUILDING
Est. value
$22.4M
MEDICAL BUILDING
Est. value
$20.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
RETAIL STORES
Est. value
$18.3M
COMMERCIAL (GENERAL)
Est. value
$13.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
2901 Tanager Avenue LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2026
—
2901 Tanager Avenue LLC
—
Deed
related
$187,500,000 · Prime Finance Short Duration Holding Co
Nov 10, 2022
—
2901 Tanager Avenue LLC
—
Deed
related
—
Aug 4, 2022
$16,000,000
2901 Tanager Avenue LLC
Louise Joan Bahar
Grant Deed
—
Jan 19, 2021
—
Singer-bahar Living Trust
Ralph M Singer
Affidavit Of Death
—
Jan 9, 2007
—
Singer-bahar Living Trust
Singer,ralph M
Quit Claim Deed
related
—
Jan 31, 1997
—
Ralph M Singer
Singer,j C
Quit Claim Deed
related
—
—
—
Ralph M Singer
—
Deed Of Trust
related
$1,080,000 · Standard Insurance Co
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.
