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Property profile & analytics
FOR LEASE
Warehouses
29011 Commerce Center Dr Valencia, CA 91355
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7624642
For Lease
1 / 5
$40,835,000
29011 Commerce Center Dr, Valencia, CA 91355
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TILT-UP CONCRETE
Total area
164,964 SF
Lot
7.71 ac (335,901 SF)
Zoning code
LCM1.5
APN
3271-026-060
UPID
US09-7624642
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
$37.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.84M
Owner & transaction history
Go Valencia Owners LLC · 4 yrs held
Go Valencia Owners LLC
since 2022
Last sale
$41.5M
7 recorded transactions
Zoning & alternative use
LCM1.5 · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$67.2M
+31.3%
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
$42,915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$40,550,000
6.5%
$37,430,000
7%
$34,755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$51,205,000
Current use
AUTO REPAIR, GARAGE
$67,220,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$50,970,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$40.84M
Range $36.75M – $44.92M · ±10% · vs last sale $41.50M (Mar 16 2022)
Last sale anchor
$41.50M
Mar 16 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
$248 / 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
$550,807
Tax year 2024
Assessed value
$43,176,600
Assessed 2024
Previous assessed
$43,176,600
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$26,010,000
Assessed improvement
$17,166,600
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
For Lease
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
164,964 SF
Lot
7.71 ac (335,901 SF)
Zoning code
LCM1.5
APN
3271-026-060
UPID
US09-7624642
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
$51.2M
AUTO REPAIR, GARAGE
Est. value
$67.2M
COMMERCIAL (GENERAL)
Est. value
$51.0M
WAREHOUSE, STORAGE Current
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
Lot
7.71 ac
Current owner
From public records · entity-resolved
Go Valencia Owners LLC
Entity
Mailing address
18301 VON KARMAN AVE STE #250, IRVINE, CA 92612-0106
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$41,500,000
Go Valencia Owners LLC
29011 Commerce Center Drive LLC
Grant Deed
$28,725,000 · Ccd Lender LP
Jul 6, 2020
—
29011 Commerce Center Drive LLC
—
Deed
related
$28,000,000 · Wells Fargo Bank NA
Jan 27, 2017
—
29011 Commerce Center Drive Ll
—
Deed
related
$11,000,000 · Bank Of The West
Jun 27, 2013
—
29011 Commerce Center Drive Ll
Mmb Management LLC
Grant Deed
—
Mar 14, 2013
$21,745,000
Mmb Management LLC
Valencia Industrial Center LLC
Grant Deed
—
Apr 20, 2011
$12,800,000
Valencia Industrial Center LLC
Waikiki Marc LLC
Grant Deed
$8,960,000 · California Bank & Trust
Dec 23, 2003
—
Waikiki Marc LLC
Msc SR Gateway LLC
Grant Deed
related
—
Oct 18, 2000
—
Msc SR Gateway LLC
Srg Valencia LP
Grant Deed
related
—
Nov 4, 1999
—
Valencia Srg
Wilshire Real Est Ptnrshp,
Grant Deed
related
—
—
—
Commerce Center Drive LLC
—
Deed Of Trust
related
$7,000,000 · Bank Of The West
—
—
29011 Commerce Center Drive Ll
—
Loan Modification
related
$11,000,000 · Bank Of The West
—
—
Msc SR Gateway LLC
—
Deed Of Trust
related
$7,000,000 · Des Moines Commercial Mortgage
—
—
Waikiki Marc LLC
—
Deed Of Trust
related
$9,116,714 · Nli Commercial Mortgage Fund
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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