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    Property profile & analytics

    421 Banning St Compton, CA 90222-1413

    • Investment properties
    • 2,738 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2024
    $550,000
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6940265
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 421 Banning St

    Year built
    1923
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    2,738 SF
    Zone code
    COML-B*
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    6169-021-015
    APU
    6169021015

    Description

    This exceptional 0.5-acre property at 421 Banning Street, Compton, CA, presents a rare opportunity for investors and entrepreneurs. The property boasts a 2,738 square foot warehouse, ideally suited for a variety of industrial uses, including auto repair, storage, or other similar businesses. The City of Compton permits numerous additional uses with the acquisition of the necessary special permits

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $550,000
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $925,000
      6.5%
      $855,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $796,000
      Market price range: $342k - $797k
      AI Estimate
      $476,000
      Market price range: $210k - $476k

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

    Location Insight

    • Map
    • Local Demand
    City
    Compton
    County
    Los Angeles
    State
    California
    Longitude
    -118.221
    Latitude
    33.9187
    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
    $20,742
    $1,156,716
    $10,612
    $1,167,328
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      10,875 SF

      523 Banning St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,875 SF
      523 Banning St, Compton, CA 90222-1415
      View Details
    • Value Estimation
      $80,000
      1,165 SF

      348 Rosecrans Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,165 SF
      348 Rosecrans Ave, Compton, CA 90222-4055
      View Details
    • Value Estimation
      $805,000
      1,906 SF

      120 Rosecrans Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,906 SF
      120 Rosecrans Ave, Compton, CA 90222-4119
      View Details
    • Value Estimation
      $255,000
      3,582 SF

      12901 Willowbrook Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,582 SF
      12901 Willowbrook Ave, Compton, CA 90222-2122
      View Details
    • Value Estimation
      $250,000
      1,536 SF

      2207 Wilmington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,536 SF
      2207 Wilmington Ave, Compton, CA 90222-2029
      View Details
    • Value Estimation
      $355,000
      6,060 SF

      527 Rosecrans Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,060 SF
      527 Rosecrans Ave, Compton, CA 90222-3992
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Compton Industrial Land Opportunity

      Prime Compton location, 29,378 sqft lot.
      147 Rosecrans Ave, Compton, CA 90222
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    • $1,100,000
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      Auto Repair Facility with Extra Land

      Auto Repair Facility with Extra Land
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      809 Rosecrans Ave

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      South Bay Land Opportunity

      0.55 AC land near LAX and major freeways.
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      Compton Duplex For Sale

      Compton duplex, approximately 1,128 square feet, for sale.
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      Commercial Land For Sale

      Commercial land available for sale.
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    Similar Nearby for Lease

    • $1.05 SF/Yr
      71,929 SF

      Compton Warehouse with Covered Storage

      71,929 SF warehouse with dock loading and covered storage.
      507-531 E Euclid Ave, Compton, CA 90222
      View Details
    • $8,000,000
      25,070 SF

      Refurbished Industrial Building with Yard

      25,070 SF industrial building with refurbished offices and paved yard.
      3111 N Alameda St, Compton, CA 90222
      View Details
    • $2 SF/Yr
      34,588 SF

      Compton Warehouse with Fenced Yard

      Freestanding warehouse with large yard and multiple loading docks.
      400 E Weber Ave, Compton, CA 90222
      View Details
    • $0.29 SF/Yr
      65,850 SF

      Compton Warehouse with Fenced Yard

      Industrial property with excellent freeway access and potential for division.
      520-536 E El Segundo Blvd, Compton, CA 90222
      View Details
    • $12 SF/Yr
      10,808 SF

      Weber Industrial: Compton Warehouse

      10,808 SF Warehouse, 1 Acre Lot
      503 Weber Ave, Compton, CA 90222
      View Details
    • $0.29 SF/Yr
      43,569 SF

      Fenced Acre Available For Lease

      One acre of fenced land with street-to-street access.
      529-533 E Carlin Ave, Compton, CA 90222
      View Details
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    421 Banning St
    Compton, CA 90222-1413
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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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