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Property profile & analytics
OFF-MARKET
Estimated value
$4,520,000
Manufacturing properties
500 Florence Ave Inglewood, CA 90301-1011
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6424526
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
20,860 SF
Lot
0.63 ac (27,559 SF)
Zoning code
INM1*
APN
4018-007-019
UPID
US09-6424526
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
Current use
Occupant on record · Public records
-
Sage Business Service Center
-
Travellers Autobarn Campervan Rentals Los Angeles Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.99M
CAP Approach
CAP
$3.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.52M
Owner & transaction history
Siegfried I Galonska · 5 yrs held
Siegfried I Galonska
since 2021
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
INM1* · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.4M
+15.7%
Office building
$7.0M
+9.3%
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 Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood 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
$4,930,000
ML approach
$4,985,000
CAP Approach
CAP Return
Estimation
6%
$4,320,000
6.5%
$3,985,000
7%
$3,700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,410,000
Current use
RETAIL STORES
$7,420,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$7,010,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,130,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$4.52M
Range $4.07M – $4.97M · ±10% · vs last sale $4.36M (Feb 5 2021)
Last sale anchor
$4.36M
Feb 5 2021
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
$217 / 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
$60,254
Tax year 2024
Assessed value
$4,562,689
Assessed 2024
Previous assessed
$4,562,689
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,633,091
Assessed improvement
$929,598
Applied tax rate
4.0000
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
20,860 SF
Lot
0.63 ac (27,559 SF)
Zoning code
INM1*
APN
4018-007-019
UPID
US09-6424526
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INM1* · Inglewood, CAZoning INM1* · permitted uses
INM1* · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.4M
RETAIL STORES
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Siegfried I Galonska
Individual
Mailing address
2850 MALCOLM AVE, LOS ANGELES, CA 90064-4212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
—
Siegfried I Galonska
Christine Lichter Galonska
Intrafamily Transfer
related
—
Mar 6, 2019
—
Richard G Milack
Milack,karen
Quit Claim Deed
related
—
Oct 10, 2018
—
Christine Galonska
Lichter S & E Trust
Quit Claim Deed
—
Aug 31, 2017
—
Lichter,sigmund & Elizabeth Trust
Lichter Sigmund & E Trust
Quit Claim Deed
related
—
Feb 4, 2013
$4,355,000
Lichter Sigmund & E Trust
Hjb Holdings LLC
Grant Deed
$1,100,000 · Harold J Belkin
Nov 29, 2007
—
Hjb Holdings LLC
Belkin Harold J Trust
Grant Deed
—
Jun 21, 2007
—
Belkin Harold J Trust
Belkin,harold J
Quit Claim Deed
related
—
—
—
Bertha J Loken
—
Deed Of Trust
related
$200,000 · Security Pacific National Bank
—
—
Belkin Harold K Trust
—
Deed Of Trust
related
$10,875,000 · Union Bank Of California
—
—
Harold J Belkin
—
Deed Of Trust
related
$1,600,000 · Union Bank Of California
—
—
Bertha J T Loken
—
Deed Of Trust
related
$520,000 · Security Pacific National Bank
—
—
Bertha J T Loken
—
Deed Of Trust
related
$100,000 · Weiner Bella L&n
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.
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