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Property profile & analytics
FOR LEASE
Warehouses
29125 Avenue Paine Valencia, CA 91355
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0079469
For Lease
1 / 7
$44,045,000
29125 Avenue Paine, Valencia, CA 91355
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
TILT-UP CONCRETE
Total area
174,750 SF
Lot
9 ac (391,926 SF)
Zoning code
LCM1.5
APN
3271-026-062
UPID
US10-0079469
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
$39.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.05M
Owner & transaction history
Rexford Industrial Realty L P · 4 yrs held
Rexford Industrial Realty L P
since 2022
Last sale
$45.0M
4 recorded transactions
Zoning & alternative use
LCM1.5 · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$72.2M
+33.2%
Auto repair, garage
$71.2M
+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
$46,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,955,000
6.5%
$39,650,000
7%
$36,820,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$54,240,000
Current use
RETAIL STORES
$72,235,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$71,205,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$53,995,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$44.05M
Range $39.64M – $48.45M · ±10% · vs last sale $45.00M (Jun 15 2022)
Last sale anchor
$45.00M
Jun 15 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
$252 / 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
$587,721
Tax year 2024
Assessed value
$46,818,000
Assessed 2024
Previous assessed
$46,818,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$28,611,000
Assessed improvement
$18,207,000
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
174,750 SF
Lot
9 ac (391,926 SF)
Zoning code
LCM1.5
APN
3271-026-062
UPID
US10-0079469
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
$54.2M
RETAIL STORES
Est. value
$72.2M
AUTO REPAIR, GARAGE
Est. value
$71.2M
COMMERCIAL (GENERAL)
Est. value
$54.0M
WAREHOUSE, STORAGE Current
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
9 ac
Current owner
From public records · entity-resolved
Rexford Industrial Realty L P
Entity
Free & Clear · 4 yrs held
Mailing address
11620 WILSHIRE BLVD10THFL, LOS ANGELES, CA 90025-1706
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$45,000,000
Rexford Industrial Realty L P
29125 Avenue Paine LLC
Grant Deed
—
Apr 4, 2014
—
29125 Avenue Paine LLC
Krausz Puente LLC
Quit Claim Deed
$11,250,000 · American National Insurance Co
Sep 24, 2003
—
Krausz Puente LLC
Connecticut General Life Ins
Grant Deed
$22,750,000 · Citicorp USA Corp
—
—
Krausz Puente LLC
—
Deed Of Trust
related
$14,175,000 · Citibank NA
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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