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Property profile & analytics
OFF-MARKET
Estimated value
$44,590,000
Warehouses
5505 Olympic Blvd Commerce, CA 90022-5129
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7921654
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
TILT-UP CONCRETE
Total area
199,809 SF
Lot
7.57 ac (329,717 SF)
Zoning code
CMM2*
APN
6340-006-071
UPID
US09-7921654
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
$46.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.59M
Owner & transaction history
Gruma Corporation · 4 yrs held
Gruma Corporation
since 2021
Last sale
$45.0M
7 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$41,990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,235,000
6.5%
$46,370,000
7%
$43,060,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$55,865,000
Current use
OFFICE BUILDING
$48,470,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$44,975,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$44.59M
Range $40.13M – $49.05M · ±10% · vs last sale $45.00M (Aug 31 2021)
Last sale anchor
$45.00M
Aug 31 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
$223 / 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
$521,259
Tax year 2024
Assessed value
$42,645,996
Assessed 2024
Previous assessed
$42,645,996
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$27,050,400
Assessed improvement
$15,595,596
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
199,809 SF
Lot
7.57 ac (329,717 SF)
Zoning code
CMM2*
APN
6340-006-071
UPID
US09-7921654
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM2* · Commerce, CAZoning CMM2* · permitted uses
CMM2* · Commerce, 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
WAREHOUSE, STORAGE Current
Est. value
$55.9M
OFFICE BUILDING
Est. value
$48.5M
RETAIL STORES
Est. value
$45.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
7.57 ac
Current owner
From public records · entity-resolved
Gruma Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$45,000,000
Gruma Corporation
Prh Xx LP
Grant Deed
—
Jan 28, 2021
—
Prh Xx LP
Commerce Distribution Ctr LP
Quit Claim Deed
—
May 24, 2013
—
Commerce Distribution Center LLC
Cdc Tic 22 LLC
Grant Deed
$9,850,000 · Ubs Real Estate Securities INC
May 24, 2013
$450,000
Commerce Distribution Ctr LLC
Cdc Tic 1 LLC
Grant Deed
—
Dec 11, 2003
—
Cdc Acquisitions LLC
—
Deed Of Trust
related
$10,080,000 · John Hancock Life Insurance Co
Nov 25, 2003
—
Cdc Tic 6 LLC
Cdc Investors LLC
Quit Claim Deed
related
$10,800,000 · Luke V Mccarthy
Oct 31, 2003
—
Cdc Tic 21 LLC
Cdc Acquisitions LLC
Quit Claim Deed
related
$10,800,000 · John Hancock Life Insurance Co
Oct 23, 2003
—
Cdc Tic 1 LLC
Cdc Acquisitions LLC
Quit Claim Deed
related
—
Aug 18, 2000
—
Scif Portfolio III LLC
—
Deed Of Trust
related
$9,051,000 · Fremont Investment & Loan
—
—
Cdc Acquisitions LLC
—
Deed Of Trust
related
$10,080,000 · John Hancock Life Insurance Co
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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