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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Warehouses
6436 Corvette St, Commerce, CA 90040-1703
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6411531
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Construction
TILT-UP CONCRETE
Total area
11,840 SF
Lot
0.59 ac (25,509 SF)
Zoning code
CMM2*
APN
6336-012-031
UPID
US09-6411531
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
$2.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Napa Corvette LLC · 1 yrs held
Napa Corvette LLC
since 2025
7 recorded transactions
Zoning & alternative use
CMM2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,975,000
6.5%
$2,750,000
7%
$2,550,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,130,000
Current use
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±10%
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
$172 / 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
$30,386
Tax year 2024
Assessed value
$2,459,716
Assessed 2024
Previous assessed
$2,459,716
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,020,698
Assessed improvement
$1,439,018
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
11,840 SF
Lot
0.59 ac (25,509 SF)
Zoning code
CMM2*
APN
6336-012-031
UPID
US09-6411531
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
$3.1M
WAREHOUSE, STORAGE Current
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
0.59 ac
Current owner
From public records · entity-resolved
Napa Corvette LLC
Entity
Mailing address
5739 KANAN RD #292, AGOURA HILLS, CA 91301-1601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
—
Napa Corvette LLC
6436 Corvette LLC
Grant Deed
—
Apr 1, 2025
—
Napa Corvette LLC
6436 Corvette LLC
Grant Deed
—
May 23, 2023
—
6436 Corvette LLC
—
Deed
related
$6,888,000 · Npi Debt Fund II LP
Sep 19, 2022
—
6436 Corvette LLC
—
Deed
related
$2,544,380 · Newport Tactical Opportunities LP
Mar 24, 2021
—
6436 Corvette LLC
—
Deed
related
$2,219,000 · Npi Debt Fund II LP
Jul 30, 2018
—
6436 Corvette LLC
—
Deed
related
$2,219,000 · Npi Debt Fund II LP
Oct 18, 2017
—
6436 Corvette LLC
—
Deed
related
$1,000,000 · Npi Debt Fund I LP Npi Debt Fund I LP
Aug 11, 2017
—
6436 Corvette LLC
Napa Industries LLC
Quit Claim Deed
$2,163,000 · Npi Debt Fund II LP
Mar 8, 2017
—
Hyung Yun
Yun,young S
Quit Claim Deed
$2,100,000 · Npi Debt Fund II LP
Mar 16, 2016
—
Young S Yun
Yun,hyung N
Quit Claim Deed
related
—
Nov 25, 2013
—
Jeung S Yeum
Yeum,yoo
Quit Claim Deed
related
$1,075,500 · Open Bank
Nov 25, 2013
$1,200,000
Hyung Yun
Munson Helen B Trust
Grant Deed
—
May 11, 2007
$540,000
Munson Helen B Trust
Marquis,david C
Grant Deed
$1,590,000 · County Bank
May 11, 2007
—
David C Marquis
Marquis,anne T
Quit Claim Deed
related
—
Apr 30, 1999
—
Marquis,janet M & Munson H B Tr
—
Deed Of Trust
related
—
Jun 8, 1993
—
Marquis,janet M Tr
—
Deed Of Trust
related
—
Mar 31, 1993
—
Munson Helen B
—
Deed Of Trust
related
—
Dec 27, 1991
—
Munson John C Decd Est Of And
—
Deed Of Trust
related
—
—
—
6436 Corvette LLC
—
Deed Of Trust
related
$1,000,000 · Npi Debt Fund I LP Npi Debt Fund I LP
—
—
6436 Corvette LLC
—
Deed Of Trust
related
$2,219,000 · Npi Debt Fund II LP
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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