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Property profile & analytics
OFF-MARKET
Estimated value
$37,840,000
Warehouses
29010 Ave Paine Valencia, CA 91355-4179
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6730752
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TILT-UP CONCRETE
Total area
100,298 SF
Lot
4.79 ac (208,442 SF)
Zoning code
LCM1.5
APN
3271-026-063
UPID
US09-6730752
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
$22.76M
Comparable Approach
Comparable
$33.64M
Blend (final)
Blend
$37.84M
Owner & transaction history
29010 Avenue Pane LLC
29010 Avenue Pane LLC
since 2026
Last sale
$41.6M
7 recorded transactions
Zoning & alternative use
LCM1.5 · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$49.0M
+57.4%
Medical building
$45.6M
+46.5%
Retail stores
$41.5M
+33.2%
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 Valencia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valencia 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
$49,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,655,000
6.5%
$22,760,000
7%
$21,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,130,000
Current use
OFFICE BUILDING
$49,000,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$45,595,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$41,460,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$40,870,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$30,990,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$37.84M
Range $34.06M – $41.62M · ±10% · vs last sale $41.62M (Jan 4 2021)
Last sale anchor
$41.62M
Jan 4 2021
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
$377 / 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
$227,308
Tax year 2024
Assessed value
$17,483,401
Assessed 2024
Previous assessed
$17,483,401
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$10,054,945
Assessed improvement
$7,428,456
Applied tax rate
14.0000
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
100,298 SF
Lot
4.79 ac (208,442 SF)
Zoning code
LCM1.5
APN
3271-026-063
UPID
US09-6730752
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM1.5 · Valencia, CA
Zoning LCM1.5 · permitted uses
LCM1.5 · Valencia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valencia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$31.1M
OFFICE BUILDING
Est. value
$49.0M
MEDICAL BUILDING
Est. value
$45.6M
RETAIL STORES
Est. value
$41.5M
AUTO REPAIR, GARAGE
Est. value
$40.9M
COMMERCIAL (GENERAL)
Est. value
$31.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
4.79 ac
Current owner
From public records · entity-resolved
29010 Avenue Pane LLC
Entity
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$31,000,000
29010 Avenue Pane LLC
Rexford Industrial Realty LP
Grant Deed
—
Jan 4, 2021
$16,475,000
Rexford Industrial Realty LP
Appel E & E 1975 Trust
Grant Deed
—
Jun 23, 2020
—
Appel E & E 1975 Trust Of
—
Deed
related
$12,000,000 · City Nat'l Bk
May 16, 2019
—
Appel,erwin & Essie Trust
—
Grant Deed
related
$17,500,000 · City Nat'l Bk
Nov 6, 2012
—
Appel Erwin & Essie Trust
—
Deed Of Trust
related
$24,000,000 · City National Bank
Mar 4, 2010
$2,750,000
Appel Erwin & Essie Trust
Felsenthal Trust
Grant Deed
—
May 1, 2006
—
Aquafine Corp
Newhall Land & Farming
Quit Claim Deed
—
Sep 15, 1999
—
New Ventures Enterprises LLC
Aquafine,
Grant Deed
related
$5,000,000 · Wells Fargo Bank
Mar 31, 1999
$2,460,000
Aquafine Corp
—
Grant Deed
related
—
—
—
Appel Erwin & Essie Trust
—
Deed Of Trust
related
$12,000,000 · City National Bank
—
—
Appel Erwin & Essie Trust
—
Deed Of Trust
related
$3,200,000 · Citizens Business Bank
—
—
Appel E & E 1975 Trust Of
—
Loan Modification
related
$12,000,000 · City Nat'l Bk
—
—
Appel,erwin & Essie 1975 Trust
—
Deed Of Trust
related
$8,000,000 · City National Bank
—
—
Appel Erwin & Essie 1975 Trust
—
Deed Of Trust
related
$5,000,000 · Citizens Business Bank
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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