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Property profile & analytics
FOR LEASE
Manufacturing properties
4000 Noakes St Commerce, CA 90023
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9224770
For Lease
1 / 2
$33,830,000
4000 Noakes St, Commerce, CA 90023
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
2007
Construction
TILT-UP CONCRETE
Total area
99,288 SF
Lot
2.08 ac (90,741 SF)
Zoning code
CMM2
APN
5242-024-027
UPID
US09-9224770
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
by Request
Comparable Approach
Comparable
$33.12M
Blend (final)
Blend
$33.83M
Owner & transaction history
Bprep 4000 Noakes LLC · 5 yrs held
Bprep 4000 Noakes LLC
since 2020
Last sale
$33.3M
5 recorded transactions
Zoning & alternative use
CMM2 · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$54.0M
+120.3%
Office building
$49.8M
+103.4%
Medical building
$45.2M
+84.6%
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
$35,520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,500,000
Current use
AUTO REPAIR, GARAGE
$53,970,000
Change: +120% · Conversion: Easy
OFFICE BUILDING
$49,830,000
Change: +103% · Conversion: Difficult
MEDICAL BUILDING
$45,230,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$42,050,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$40,765,000
Change: +66% · Conversion: Moderate
WAREHOUSE, STORAGE
$23,080,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$33.83M
Range $30.45M – $37.21M · ±10% · vs last sale $33.34M (Dec 8 2020)
Last sale anchor
$33.34M
Dec 8 2020
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
$341 / 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
$212,236
Tax year 2024
Assessed value
$16,247,094
Assessed 2024
Previous assessed
$16,247,094
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$7,173,766
Assessed improvement
$9,073,328
Applied tax rate
1.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
For Lease
Year built
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
99,288 SF
Lot
2.08 ac (90,741 SF)
Zoning code
CMM2
APN
5242-024-027
UPID
US09-9224770
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM2 · Commerce, CA
Zoning CMM2 · permitted uses
CMM2 · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Commerce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.5M
AUTO REPAIR, GARAGE
Est. value
$54.0M
OFFICE BUILDING
Est. value
$49.8M
MEDICAL BUILDING
Est. value
$45.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$42.1M
RETAIL STORES
Est. value
$40.8M
WAREHOUSE, STORAGE
Est. value
$23.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Bprep 4000 Noakes LLC
Entity
Mailing address
2101 ROSECRANS AVE STE #6250, EL SEGUNDO, CA 90245-7533
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
—
Bprep 4000 Noakes LLC
—
Deed
related
$49,000,000 · Swiss Re Life & Health America INC
Dec 8, 2020
$33,336,000
Bprep 4000 Noakes LLC
Dedeaux Indl 4000 Noakes Ppf
Grant Deed
—
Dec 27, 2016
$2,090,000
Ppf Dedeaux Industrial 4000 Noakes
Dedeaux Enterprises LLC
Grant Deed
$54,500,000 · Jpmorgan Chase Bank NA
Dec 27, 2016
$8,200,000
Ppf Dedeaux Indl 4000 Noakes
Dedeaux Ents LLC
Grant Deed
related
$54,500,000 · Jp Morgan Chase Bk
Oct 26, 1999
—
Dedeaux Enterprises LLC
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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