Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6620 Atlantic Ave Long Beach, CA 90805-1410

    • Turn key restaurants
    • 2,612 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9823697
    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

    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • Wendy's / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 6620 Atlantic Ave

    Year built
    2020
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    2,612 SF
    Zone code
    LBCCA
    Property type
    Turn key restaurants
    APN
    7115-003-051
    APU
    7115003051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $519,000
      Market price range: $252k - $520k

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.186
    Latitude
    33.8749
    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
    $48,872
    $1,822,743
    $1,554,692
    $3,377,435
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $225,000
      1,250 SF

      5410 Dairy Ave

      RESTAURANT • 1,250 SF
      5410 Dairy Ave, Long Beach, CA 90805
      View Details
    • Value Estimation
      $260,000
      849 SF

      3490 Artesia Blvd

      RESTAURANT • 849 SF
      3490 Artesia Blvd, Long Beach, CA 90805-2815
      View Details
    • Value Estimation
      $245,000
      1,488 SF

      5991 Atlantic Ave

      RESTAURANT • 1,488 SF
      5991 Atlantic Ave, Long Beach, CA 90805-3510
      View Details
    • Value Estimation
      $210,000
      1,463 SF

      5825 Cherry Ave

      RESTAURANT • 1,463 SF
      5825 Cherry Ave, Long Beach, CA 90805-4405
      View Details
    • Value Estimation
      $220,000
      2,140 SF

      5438 Atlantic Ave

      RESTAURANT • 2,140 SF
      5438 Atlantic Ave, Long Beach, CA 90805
      View Details
    • Value Estimation
      $290,000
      4,096 SF

      2688 Es St

      RESTAURANT • 4,096 SF
      2688 Es St, Long Beach, CA 90805-4429
      View Details

    Similar Nearby for Sale

    • New
      $170,000
      2,400 SF

      Long Beach Restaurant Opportunity

      Turn-key restaurant opportunity in Long Beach with beer and wine license.
      5662 Atlantic Ave, Long Beach, CA 90805
      View Details
    • $250,000

      Established Seafood Restaurant For Sale

      Long Beach restaurant with beer and wine license, established customer base.
      6938 N Paramount Blvd, Long Beach, CA 90805
      View Details
    • $3,995,000
      19,195 SF

      Versatile Church Property in Long Beach

      1.7-acre property with sanctuary, gym, school/commercial kitchen, and ample parking.
      6698 Orange Ave, Long Beach, CA 90805
      View Details
    • $150,000

      Profitable Mini Market in Long Beach

      Established mini market with strong cash flow in Long Beach.
      301 E Artesia Blvd, Long Beach, CA 90805
      View Details
    • $1,200,000
      2,556 SF

      Long Beach Commercial Opportunity

      Commercial property in Long Beach with upside potential.
      456 E Market St, Long Beach, CA 90805
      View Details
    • $799,000

      Mixed-Use Property with Dispensary Potential

      Mixed-use property with vacant commercial unit, dispensary ready.
      5959 Cherry Ave, Long Beach, CA 90805
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      1,250 SF

      Uptown Commons Restaurant Space

      Long Beach Restaurant, 1250 sq ft available
      625 Artesia Blvd, Long Beach, CA 90805
      View Details
    • $3,800 /Mo

      Retail Space on Long Beach

      1,250 SF retail space with high visibility.
      5345 Long Beach Blvd, Long Beach, CA 90805
      View Details
    • $3,300 /Mo

      Retail Space Near Long Beach

      Commercial building near Long Beach Blvd and 710 freeway.
      16 E Market St, Long Beach, CA 90805
      View Details
    • Contact for pricing
      1,200 SF

      Atlantic Avenue Retail Space

      Long Beach Retail Space - 1200 SF
      6580 Atlantic Ave, Long Beach, CA 90805
      View Details
    • $19 SF/Yr
      2,158 SF

      Atlantic Plaza: Retail & Office Space

      Prime Long Beach location, 2,158 sq ft available.
      5166 Atlantic Ave, Long Beach, CA 90805
      View Details
    • $2 SF/Yr
      1,293 SF

      New Medical Office Space

      Newly constructed medical office space available for rent.
      6335 Myrtle Ave, Long Beach, CA 90805
      View Details

    Property Visit Statistics

    • Visits by month
      27.4k
    • Visitors by month
      19.7k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6620 Atlantic Ave
    Long Beach, CA 90805-1410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.