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

    6241 Florence Ave Bell Gardens, CA 90201

    • Office buildings
    • 1,955 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2024
    $1,150,000
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    4%
    Office buildings
    Location Intelligence
    Property ID
    US09-8208689
    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

    • Office buildings

    Property Details for 6241 Florence Ave

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    1,955 SF
    Zone code
    BGC4*
    Property type
    Office buildings
    APN
    6329-014-033
    APU
    6329014033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,241,000
      Market price range: $468k - $1.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $875,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,190,000
      Change: +36% Conversion: Difficult
      MEDICAL BUILDING
      $890,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bell Gardens
    County
    Los Angeles
    State
    California
    Longitude
    -118.153
    Latitude
    33.967
    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
    $7,147
    $375,269
    $155,468
    $530,737
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,600,000
      2,940 SF

      6301 Eastern Ave

      PROFESSIONAL BUILDING • 2,940 SF
      6301 Eastern Ave, Bell Gardens, CA 90201-1605
      View Details
    • Value Estimation
      $1,345,000
      5,416 SF

      4721 Florence Ave

      OFFICE BUILDING • 5,416 SF
      4721 Florence Ave, Bell, CA 90201-4314
      View Details
    • Value Estimation
      $870,000
      2,393 SF

      5200 Gage Ave

      OFFICE BUILDING • 2,393 SF
      5200 Gage Ave, Bell, CA 90201-1531
      View Details
    • Value Estimation
      $1,445,000
      4,154 SF

      4800 Gage Ave

      OFFICE BUILDING • 4,154 SF
      4800 Gage Ave, Bell, CA 90201-1425
      View Details
    • Value Estimation
      $955,000
      2,900 SF

      4201 Gage Ave

      OFFICE BUILDING • 2,900 SF
      4201 Gage Ave, Bell, CA 90201-1212
      View Details
    • Value Estimation
      $610,000
      2,793 SF

      4619 Elizabeth St

      OFFICE BUILDING • 2,793 SF
      4619 Elizabeth St, Cudahy, CA 90201-5160
      View Details

    Similar Nearby for Sale

    • $3,499,000

      Renovated Office Building in Bell Gardens

      Turnkey, renovated 13,500 SF office building with parking.
      6730 Florence Ave, Bell Gardens, CA 90201
      View Details
    • $1,500,000
      4,200 SF

      Remodeled Commercial Building, Bell Gardens

      Remodeled commercial building ideal for dental, real estate, or medical.
      6611 Eastern Ave, Bell Gardens, CA 90201
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    • $1,120,000
      3,640 SF

      Prime Bell Retail Investment

      High-Cap Retail Building, Excellent Location
      6904 Atlantic Ave, Bell, CA 90201
      View Details
    • $870,000

      Bell, CA 10-Unit Development Potential

      Prime Multifamily Land, R3 Zoning
      6633 Pine Ave, Bell, CA 90201
      View Details
    • $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
    • $379,000

      Established Ice Cream Shop Opportunity

      Well-established ice cream shop in Bell Palm Plaza for sale.
      6339 Atlantic Ave, Bell, CA 90201
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      7,242 SF

      Upgraded Office & Warehouse Space

      Upgraded office and warehouse space available for lease in November.
      6020 Florence 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
    • $12 SF/Yr
      22,048 SF

      Cudahy Warehouse - 10,912 SF Available

      Spacious Vernon warehouse, ideal for distribution. Multiple tenants welcome.
      4630 Cecilia St, Cudahy, CA 90201
      View Details
    • $1.60 SF/Yr
      22,685 SF

      Distribution Warehouse with Freeway Access

      Corner distribution unit with 24' clearance and immediate freeway access.
      5580-5598 Bandini Blvd, Bell, CA 90201
      View Details
    • 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
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    6241 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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