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Property profile & analytics
OFF-MARKET
Estimated value
$41,025,000
Warehouses
29010 Commerce Ctr Dr Valencia, CA 91355-4188
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0089476
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
TILT-UP CONCRETE
Total area
116,225 SF
Lot
6.85 ac (298,597 SF)
Zoning code
LCA22-A25*
APN
3271-029-086
UPID
US10-0089476
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
$26.37M
Comparable Approach
Comparable
$45.95M
Blend (final)
Blend
$41.03M
Owner & transaction history
Rexford Industrial Realty LP · 5 yrs held
Rexford Industrial Realty LP
since 2021
Last sale
$41.6M
6 recorded transactions
Zoning & alternative use
LCA22-A25* · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$56.8M
+57.4%
Medical building
$52.8M
+46.5%
Retail stores
$48.0M
+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%
$28,570,000
6.5%
$26,370,000
7%
$24,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$36,075,000
Current use
OFFICE BUILDING
$56,780,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$52,835,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$48,040,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$47,360,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$35,910,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$41.03M
Range $36.92M – $45.13M · ±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
$353 / 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
$347,325
Tax year 2024
Assessed value
$26,688,319
Assessed 2024
Previous assessed
$26,688,319
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$16,076,239
Assessed improvement
$10,612,080
Applied tax rate
13.0000
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
116,225 SF
Lot
6.85 ac (298,597 SF)
Zoning code
LCA22-A25*
APN
3271-029-086
UPID
US10-0089476
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCA22-A25* · Valencia, CA
Zoning LCA22-A25* · permitted uses
LCA22-A25* · 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
$36.1M
OFFICE BUILDING
Est. value
$56.8M
MEDICAL BUILDING
Est. value
$52.8M
RETAIL STORES
Est. value
$48.0M
AUTO REPAIR, GARAGE
Est. value
$47.4M
COMMERCIAL (GENERAL)
Est. value
$35.9M
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
6.85 ac
Current owner
From public records · entity-resolved
Rexford Industrial Realty LP
Entity
Free & Clear · 5 yrs held
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$16,475,000
Rexford Industrial Realty LP
Appel E & E 1975 Trust
Grant Deed
—
Aug 8, 2012
$850,000
Appel Erwin & Essie 1975 Trust
Goodman Mark C Trust
Grant Deed
—
Aug 8, 2012
—
Goodman Mark C Trust
Valencia Lot 8 LLC
Grant Deed
—
Jun 29, 2005
$1,223,510
Appel Erwin & Essie Trust
Lushing Gerald & G Trust
Grant Deed
—
Jun 29, 2005
—
Lushing Gerald & Gloria Trust
Valencia Lot 8 LLC
Grant Deed
—
—
—
Appel,erwin & Essie 1975 Trust
—
Deed Of Trust
related
$5,500,000 · City National 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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