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    3111 Florence Ave Huntington Park, CA 90255-5829
    Property profile & analytics

    3111 Florence Ave, Huntington Park, CA 90255-5829

    View on Map
    • Grocery and convenience stores
    • 28,390 SF
    • 1.37 lot acres
    Off-Market
    Last Sale Jan 13, 2026
    $11,350,000
    Property ID
    US09-8989390
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,990,000
    Show details
    Cap Rate Potential
    3.5%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 3111 Florence Ave

    Year built
    2018
    Construction
    TILT-UP CONCRETE
    Lot size
    1.37 lot acres
    Zone code
    HPCG-R1-R3
    Property type
    Grocery and convenience stores
    APN
    6323-021-033
    APU
    6323021033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $8,345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,470,000
      6.5%
      $9,665,000
      7%
      $8,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,251,000
      Market price range: $4.59M - $9.25M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,510,000
      Current use
      AUTO REPAIR, GARAGE
      $13,130,000
      Change: +102% Conversion: Difficult
      MEDICAL BUILDING
      $12,905,000
      Change: +98% Conversion: Difficult
      WAREHOUSE, STORAGE
      $8,340,000
      Change: +28% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,360,000
      Change: -2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $6,320,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.212
    Latitude
    33.9733
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $264,119
    $10,404,000
    $7,542,900
    $17,946,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,140,000
      5,005 SF

      7050 Santa Fe Ave

      GROCERY, SUPERMARKET
      7050 Santa Fe Ave, Huntington Park, CA 90255
      View Details
    • Value Estimation
      $5,040,000
      30,377 SF

      5928 Fishburn Ave

      GROCERY, SUPERMARKET
      5928 Fishburn Ave, Huntington Park, CA 90255
      View Details
    • Value Estimation by Request
      18,250 SF

      6315-6323 Pacific Blvd

      Individual retail properties
      6315-6323 Pacific Blvd, Huntington Park, CA 90255
      View Details
    • Value Estimation
      $785,000
      5,218 SF

      3085 Gage Ave

      GROCERY, SUPERMARKET
      3085 Gage Ave, Huntington Park, CA 90255-4431
      View Details
    • Value Estimation
      $7,550,000
      49,860 SF

      6010 Pacific Blvd

      GROCERY, SUPERMARKET
      6010 Pacific Blvd, Huntington Park, CA 90255-2931
      View Details
    • Value Estimation
      $10,660,000
      51,171 SF

      6920 Santa Fe Ave

      GROCERY, SUPERMARKET
      6920 Santa Fe Ave, Huntington Park, CA 90255-3908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,452 SF

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      NNN retail building with long-term Circle K lease.
      2319 Randolph St, Huntington Park, CA 90255
      View Details
    • $4,700,000
      9,747 SF

      9,747 SF National Tenant Investment Opportunity For Sale

      9,747 SF National Tenant Investment Opportunity For Sale
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      View Details
    • Contact for pricing
      15,250 SF

      Retail Space For Lease

      Retail space available for lease in Huntington Park, CA.
      6315-6323 Pacific Blvd, Huntington Park, CA 90255
      View Details
    • $2,650,000

      Huntington Park Land Opportunity

      Land with redevelopment potential in Huntington Park, California.
      7201 Santa Fe Ave, Huntington Park, CA 90255
      View Details
    • $8,490,000

      Medical Office Building with Parking

      Four-story medical office building with five parking lots.
      6601 Rugby Ave, Huntington Park, CA 90255
      View Details
    • Contact for pricing
      18,250 SF

      Prime Retail Space on Pacific

      High-traffic retail space in a thriving commercial corridor.
      6315-6323 Pacific Blvd, Huntington Park, CA 90255
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      5,000 SF

      Retail Space in Huntington Park

      5000 sq ft retail space with ample parking.
      6725 Pacific Blvd, Huntington Park, CA 90255
      View Details
    • $1.40 SF/Yr
      8,500 SF

      Warehouse with Bow Truss Roof

      Warehouse with showroom area, skylights, and retail use permitted.
      Huntington, Huntington Park, CA 90255
      View Details
    • $2 SF/Yr

      Retail Space in Huntington Park

      Retail space with high visibility and convenient parking.
      Huntington, Huntington Park, CA 90255
      View Details
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    Huntington Park, CA 90255-5829
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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