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Property profile & analytics
OFF-MARKET
Estimated value
$6,210,000
Manufacturing properties
6417 Bandini Blvd Commerce, CA 90040-3117
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8594090
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Construction
WOOD
Total area
30,000 SF
Lot
1.33 ac (57,840 SF)
Zoning code
CMM2*
APN
6332-006-016
UPID
US09-8594090
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
$6.60M
CAP Approach
CAP
$5.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.21M
Owner & transaction history
Rachel Schnider · 4 yrs held
Rachel Schnider
since 2021
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.0M
+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
$6,115,000
ML approach
$6,600,000
CAP Approach
CAP Return
Estimation
6%
$6,210,000
6.5%
$5,735,000
7%
$5,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,455,000
Current use
COMMERCIAL (GENERAL)
$8,985,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$6.21M
Range $5.59M – $6.83M · ±10% · vs last sale $6.30M (Aug 4 2021)
Last sale anchor
$6.30M
Aug 4 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
$207 / 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
$80,493
Tax year 2024
Assessed value
$6,554,520
Assessed 2024
Previous assessed
$6,554,520
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,017,160
Assessed improvement
$3,537,360
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Stories
1
Total area
30,000 SF
Lot
1.33 ac (57,840 SF)
Zoning code
CMM2*
APN
6332-006-016
UPID
US09-8594090
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
$7.5M
COMMERCIAL (GENERAL)
Est. value
$9.0M
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Rachel Schnider
Individual
Free & Clear · 4 yrs held
Mailing address
3051 E 46TH ST, VERNON, CA 90058-2421
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Zadar Property LLC
—
Deed
related
$3,100,000 · Citizens Business Bank
Aug 4, 2021
—
Rachel Schnider
Daniel Woodman
Quit Claim Deed
related
—
Aug 4, 2021
$6,300,000
Zadar Property LLC
6417 Bandini Partners LLC
Grant Deed
—
Nov 16, 1998
—
6417 Bandini Partners LLC
—
Deed Of Trust
related
—
Oct 7, 1992
—
Schindler Robert A Co Tr Et Al
—
Deed Of Trust
related
—
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.
Try Rey
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