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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6002 Florence Ave Bell Gardens, CA 90201

    • Retail space
    • 11,718 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Jul 25, 2022
    $3,660,000
    Value Estimations
    $3,620,000
    Show details
    Cap Rate Potential
    8.4%
    Retail space
    Location Intelligence
    Property ID
    US09-7416951
    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

    • Retail space

    Property Details for 6002 Florence Ave

    Year built
    1947
    Construction
    TILT-UP CONCRETE
    Lot size
    0.67 lot acres
    Property size
    11,718 SF
    Zone code
    BGC4*
    Property type
    Retail space
    APN
    6228-001-027
    APU
    6228001027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,075,000
      ML approach
      $3,145,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,320,000
      6.5%
      $3,990,000
      7%
      $3,705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,195,000
      Market price range: $2.19M - $4.20M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,165,000
      Current use
      MEDICAL BUILDING
      $5,325,000
      Change: +68% Conversion: Difficult
      OFFICE BUILDING
      $5,255,000
      Change: +66% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,445,000
      Change: +9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,415,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bell Gardens
    County
    Los Angeles
    State
    California
    Longitude
    -118.157
    Latitude
    33.9667
    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
    $49,440
    $1,508,759
    $2,193,504
    $3,702,263
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      4425 Gage Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      4425 Gage Ave, Bell, CA 90201-1216
      View Details
    • Value Estimation
      $2,510,000
      11,432 SF

      7260 Atlantic Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,432 SF
      7260 Atlantic Ave, Bell Gardens, CA 90201
      View Details
    • Value Estimation
      $1,505,000
      6,500 SF

      5658 Clara St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      5658 Clara St, Bell Gardens, CA 90201-4525
      View Details
    • Value Estimation
      $3,855,000
      23,900 SF

      Bell Gardens, CA 90201

      RETAIL STORES (PERSONAL SERVICES) • 23,900 SF
      Bell Gardens, CA 90201
      View Details
    • Value Estimation by Request
      2,860 SF

      7607 Eastern Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,860 SF
      7607 Eastern Ave, Bell Gardens, CA 90201-4509
      View Details
    • Value Estimation
      $775,000
      4,200 SF

      4053 Gage Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      4053 Gage Ave, Bell, CA 90201-1145
      View Details

    Similar Nearby for Sale

    • $1,150,000
      3,112 SF

      Mixed-Use Property in Bell Gardens

      Mixed-use property with retail and residential units in Bell Gardens.
      7901 Eastern Ave, Bell Gardens, CA 90201
      View Details
    • $1,495,000

      Former Grocery Store in Bell Gardens

      6,500 SF commercial property suitable for retail or other uses.
      5658 Clara St, Bell Gardens, CA 90201
      View Details
    • $1,150,000
      3,207 SF

      Mixed-Use Property in Bell Gardens

      High-traffic location with retail and residential income potential.
      6406 Florence Ave, Bell Gardens, CA 90201
      View Details
    • Contact for pricing
      3,640 SF

      Retail Location For Sale

      Retail property featuring a 18' vaulted ceiling.
      6904 Atlantic Ave, Bell, CA 90201
      View Details
    • $1,500,000
      2,400 SF

      Bell Gardens Commercial Property For Sale

      High-visibility corner property in Bell Gardens with heavy traffic flow.
      8330 Eastern Ave, Bell Gardens, CA 90201
      View Details
    • $1,350,000
      4,000 SF

      Commercial Property in Bell, CA

      Commercial property with bakery and meat market in Bell.
      4026 Gage Ave, Bell, CA 90201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Building in Bell Gardens

      Freestanding retail building in high-traffic area near freeways.
      6203 Gage Ave, Bell Gardens, CA 90201
      View Details
    • $3,500 /Mo

      Office or Retail Space Available

      2,758 sq ft office/retail space with mezzanine.
      4025 Gage Ave, Bell, CA 90201
      View Details
    • Contact for pricing
      37,772 SF

      Patata Business Park Warehouses

      Cudahy, CA Industrial Space Available
      4901 Patata St, Cudahy, CA 90201
      View Details
    • Contact for pricing
      1,500 SF

      Village Square Retail Space Available

      Prime Bell Gardens retail space, high traffic location.
      5800 Florence Ave, Bell Gardens, CA 90201
      View Details
    • Contact for pricing
      78,000 SF

      Bell Gardens Retail Center

      78,000 SF Shopping Center, 1,740 SF Available
      6810 Eastern Ave, Bell Gardens, CA 90201
      View Details
    • Contact for pricing
      171,205 SF

      Bell Gardens Marketplace Retail Center

      High-traffic retail space, 6 units available
      6801 Eastern Ave, Bell Gardens, CA 90201
      View Details
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    6002 Florence Ave
    Bell Gardens, CA 90201
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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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