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Property profile & analytics
OFF-MARKET
Estimated value
$63,160,000
Manufacturing properties
5743 Smithway St Commerce, CA 90040-1500
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7800978
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1964
Construction
WOOD
Total area
269,121 SF
Lot
13.06 ac (569,090 SF)
Zoning code
CMM2*
APN
6336-021-015
UPID
US09-7800978
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
$51.44M
Comparable Approach
Comparable
$81.73M
Blend (final)
Blend
$63.16M
Owner & transaction history
Psif Smithway LP · 4 yrs held
Psif Smithway LP
since 2022
Last sale
$69.8M
7 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$80.6M
+20.5%
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
$61,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,720,000
6.5%
$51,435,000
7%
$47,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$66,900,000
Current use
COMMERCIAL (GENERAL)
$80,615,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$63.16M
Range $56.84M – $69.48M · ±10% · vs last sale $69.84M (Apr 4 2022)
Last sale anchor
$69.84M
Apr 4 2022
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
$235 / 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
$873,684
Tax year 2024
Assessed value
$72,657,503
Assessed 2024
Previous assessed
$72,657,503
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$65,961,360
Assessed improvement
$6,696,143
Applied tax rate
12.0000
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
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
269,121 SF
Lot
13.06 ac (569,090 SF)
Zoning code
CMM2*
APN
6336-021-015
UPID
US09-7800978
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
$66.9M
COMMERCIAL (GENERAL)
Est. value
$80.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
13.06 ac
Current owner
From public records · entity-resolved
Psif Smithway LP
Entity
Mailing address
75 ISHAM RD4THFL, WEST HARTFORD, CT 06107-2235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 5, 2022
—
Psif Smithway LP
—
Deed
related
$39,500 · Hartford Fire Insurance Company
Aug 1, 2022
—
Psif Smithway LP
—
Deed
related
$39,500,000 · Hartford Fire Insurance Company
Apr 4, 2022
$69,836,500
Psif Smithway LP
Smithway Associates INC
Grant Deed
—
Jul 14, 2017
—
Smithway Associates INC
—
Loan Modification
related
$8,404,797 · First Bk
Oct 23, 2008
—
Lakeview Farms INC
—
Deed Of Trust
related
$26,500,000 · Key Bank NA
Oct 26, 1988
$11,650,000
Smithway Associates INC
Unknown
Grant Deed
—
—
—
Smithway Associates INC
—
Deed Of Trust
related
$14,000,000 · First Bank & Trust
—
—
Smithway Associates INC
—
Deed Of Trust
related
$12,734,750 · First Bank & Trust
—
—
Smithway Associates INC
—
Deed Of Trust
related
$10,620,000 · Belgravia Capital Corp
—
—
Goe Petroleum
—
Deed Of Trust
related
$200,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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