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Property profile & analytics
FOR LEASE
Warehouses
29120 Commerce Center Dr Valencia, CA 91384
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7568232
For Lease
1 / 8
$18.60 SF/Yr
29120 Commerce Center Dr, Valencia, CA 91384
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
TILT-UP CONCRETE
Total area
133,787 SF
Lot
6.17 ac (268,851 SF)
Zoning code
LCA22-A25*
APN
3271-029-085
UPID
US09-7568232
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
$30.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.17M
Owner & transaction history
Rexford Industrial Realty LP · 5 yrs held
Rexford Industrial Realty LP
since 2021
Last sale
$27.1M
7 recorded transactions
Zoning & alternative use
LCA22-A25* · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$32,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,885,000
6.5%
$30,355,000
7%
$28,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$41,525,000
Current use
COMMERCIAL (GENERAL)
$41,340,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$29.17M
Range $26.25M – $32.08M · ±10% · vs last sale $27.05M (Jun 22 2021)
Last sale anchor
$27.05M
Jun 22 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
$218 / 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
$350,060
Tax year 2024
Assessed value
$26,797,199
Assessed 2024
Previous assessed
$26,797,199
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$17,246,327
Assessed improvement
$9,550,872
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
For Lease
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
133,787 SF
Lot
6.17 ac (268,851 SF)
Zoning code
LCA22-A25*
APN
3271-029-085
UPID
US09-7568232
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
$41.5M
COMMERCIAL (GENERAL)
Est. value
$41.3M
WAREHOUSE, STORAGE Current
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
6.17 ac
Current owner
From public records · entity-resolved
Rexford Industrial Realty LP
Entity
Free & Clear · 5 yrs held
Mailing address
11620 WILSHIRE BLVD10THFL, LOS ANGELES, CA 90025-1706
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
$27,052,000
Rexford Industrial Realty LP
Centre Industrial Associates Ltd
Grant Deed
—
Apr 1, 2021
—
Centre Industrial Associates Ltd
Fas Properties LLC
Grant Deed
—
Jul 27, 2012
$1,550,000
Westgate Trust
Felsenthal Trust
Grant Deed
—
Jul 27, 2012
—
Fas Properties LLC
Westcourt Investment Co
Grant Deed
—
Mar 4, 2010
—
Appel Erwin & Essie Trust
Fas Properties LLC
Grant Deed
$2,882,118 · Citizens Business Bank
Mar 4, 2010
$250,000
Westcourt Investment Co
Appel Erwin & Essie Trust
Grant Deed
—
Mar 4, 2008
$1,603,000
Felsenthal Jerrold S Trust
Amber Industrial Investments
Grant Deed
—
Nov 30, 2007
—
Amber Industrial Investments
Fas Properties LLC
Grant Deed
—
May 6, 2003
—
Fas Properties LLC
—
Deed Of Trust
related
$2,000,000 · City National Bank
May 2, 2001
—
Commerce Center Associates LLC
—
Deed Of Trust
related
$2,000,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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