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    Property profile & analytics

    424 S Lemon Ave Walnut, CA 91789

    • Industrial properties
    • 2,100 SF
    • 0.96 lot acres
    For Sale
    View listing
    $4,279,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9171279
    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

    • U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service
    • PM Express UHaul, Boat and RV Storage / Truck Rental Agency

    Property Details for 424 S Lemon Ave

    Lot size
    0.96 lot acres
    Property size
    2,100 SF
    Property type
    Industrial properties

    Description

    This exceptional 0.96-acre industrial property, located at 424 Lemon Avenue in Walnut, CA, presents a unique investment opportunity. The site boasts a total of 2,100 square feet of building space, currently leased on a month-to-month basis to a U-Haul franchise operating as a vehicle storage yard. The property includes two wood-framed structures: a 960-square-foot office/retail building in average condition and a 1,144-square-foot storage structure in below-average condition. The lot itself is 41,698 square feet (0.96 acres), rectangular in shape, and situated on the east side of Lemon Avenue, approximately 250 feet south of Valley Boulevard. While the property's Walnut postal address is used, its location is actually within close proximity (1-2 blocks) to the future Walnut Business Park project, a significant development encompassing over a substantial amount of office space. The lot features a combination of asphalt and concrete paving in average condition. Please note: this sale is for the land only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut
    County
    Los Angeles
    State
    California
    Longitude
    -117.8577
    Latitude
    34.00935

    Comparable in this City

    • $2,298,000

      Walnut Industrial Property For Sale

      Industrial property available for sale in Walnut, California.
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      900 SF

      19861 Blvd, Walnut, CA 91789

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    • $138,000

      Land For Sale

      Land available for sale.
      3745 Valley Blvd, Walnut, CA 91789
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    • $199,888
      13,197.00 Acres

      Walnut Land Parcel For Sale

      13,197 sq ft parcel in desirable Walnut, CA.
      2538 Brea Canyon Cut Off Rd, Walnut, CA 91789
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    • $699,000

      Land For Sale

      Land available for sale.
      387 Bourdet St, Walnut, CA 91789
      View Details
    • $4,279,000
      41,698.00 Acres

      Walnut, CA Land For Sale

      Commercial land available in Walnut, California.
      424 S Lemon Ave, Walnut, CA 91789
      View Details

    Similar Nearby for Sale

    • $2,298,000

      Walnut Industrial Property For Sale

      Industrial property available for sale in Walnut, California.
      21117 Commerce Point Dr, Walnut, CA 91789
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      900 SF

      19861 Blvd, Walnut, CA 91789

      Mixed-use properties • 900 SF
      19861 Blvd, Walnut, CA 91789
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    • $138,000

      Land For Sale

      Land available for sale.
      3745 Valley Blvd, Walnut, CA 91789
      View Details
    • $199,888
      13,197.00 Acres

      Walnut Land Parcel For Sale

      13,197 sq ft parcel in desirable Walnut, CA.
      2538 Brea Canyon Cut Off Rd, Walnut, CA 91789
      View Details
    • $699,000

      Land For Sale

      Land available for sale.
      387 Bourdet St, Walnut, CA 91789
      View Details
    • $4,279,000
      41,698.00 Acres

      Walnut, CA Land For Sale

      Commercial land available in Walnut, California.
      424 S Lemon Ave, Walnut, CA 91789
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Walnut, CA, currently 100% leased.
      657 S Brea Canyon Rd, Walnut, CA 91789
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    • Contact for pricing
      4,356 SF

      Industrial Space For Lease

      Industrial space available for lease in Walnut, California.
      20427 Valley Blvd, Walnut, CA 91789
      View Details
    • $1.39 SF/Yr
      4,560 SF

      Industrial Space with Fenced Yard

      Multi-tenant industrial building with convenient freeway access and private yard.
      4114-4120 Valley Blvd, Walnut, CA 91789
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    • $1.60 SF/Yr
      13,190 SF

      128 S Brent Circle, Walnut, CA

      Industrial properties • 13,190 SF
      128 S Brent Cir, Walnut, CA 91789
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      4,800 SF

      Industrial Space For Lease

      Industrial property available for lease in Walnut, California.
      322 Paseo Tesoro, Walnut, CA 91789
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      297,310 SF

      Prime Walnut Creek Office/Industrial Campus

      Massive space, flexible lease terms, ideal location.
      218 Machlin Ct, City of Industry, CA 91789
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    424 S Lemon Ave
    Walnut, CA 91789
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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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