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Property profile & analytics
OFF-MARKET
Estimated value
$7,565,000
Warehouses
6400 Corvette St Commerce, CA 90040-1703
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6411530
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
TILT-UP CONCRETE
Total area
24,928 SF
Lot
1.05 ac (45,544 SF)
Zoning code
CMM2*
APN
6336-012-030
UPID
US09-6411530
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
$7.51M
CAP Approach
CAP
$5.79M
Comparable Approach
Comparable
$9.23M
Blend (final)
Blend
$7.57M
Owner & transaction history
Commerce Urban LLC · 3 yrs held
Commerce Urban LLC
since 2022
Last sale
$7.5M
4 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.5M
+90.0%
Medical building
$11.4M
+72.4%
Neighborhood: shopping center
$10.6M
+60.3%
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 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
$7,755,000
ML approach
$7,510,000
CAP Approach
CAP Return
Estimation
6%
$6,265,000
6.5%
$5,785,000
7%
$5,370,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,585,000
Current use
OFFICE BUILDING
$12,510,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$11,355,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,555,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$10,235,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,465,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$7.57M
Range $6.81M – $8.32M · ±10% · vs last sale $7.50M (Nov 1 2022)
Last sale anchor
$7.50M
Nov 1 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
$303 / 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
$92,055
Tax year 2024
Assessed value
$7,650,000
Assessed 2024
Previous assessed
$7,650,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$6,630,000
Assessed improvement
$1,020,000
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
24,928 SF
Lot
1.05 ac (45,544 SF)
Zoning code
CMM2*
APN
6336-012-030
UPID
US09-6411530
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
WAREHOUSE, STORAGE Current
Est. value
$6.6M
OFFICE BUILDING
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$11.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.6M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Commerce Urban LLC
Entity
Mailing address
6400 CORVETTE ST, COMMERCE, CA 90040-1703
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$7,500,000
Commerce Urban LLC
Corvette Hanson LLC
Grant Deed
$6,375,000 · First Citizens Bank & Trust Co
Jun 26, 1997
$9,500
Hanson Trust
Corvette Co
Grant Deed
—
—
—
Corvette-hanson LLC
—
Deed Of Trust
related
$161,381 · Sd Herman Co
—
—
Corvelle/hanson LLC
—
Deed Of Trust
related
$360,000 · Shewfelt Trust
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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