Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7238 Florence Ave Downey, CA 90240
    Property profile & analytics

    7238 Florence Ave, Downey, CA 90240

    View on Map
    • Commercial real estate
    • 28,148 SF
    • 0.65 lot acres
    Off-Market
    Property ID
    US09-7468048
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7238 Florence Ave

    Lot size
    0.65 lot acres
    Property type
    Commercial real estate
    APN
    6229001003,6229001004,622900

    Description

    This exceptional commercial property, located at 7238 Florence Avenue in Downey, California, presents a significant investment opportunity. The property boasts a substantial 28,148 square feet of retail space situated on a generous 0.65-acre lot. Its strategic location in Los Angeles County, zip code 90240, ensures high visibility and accessibility. The property is zoned R-3, offering flexibility for a variety of commercial uses. The expansive lot size provides ample room for expansion, redevelopment, or additional parking. The property's two Assessor's Parcel Numbers (APN) are 6229001003, 6229001004, and 622900. This prime Downey location offers excellent potential for a variety of retail businesses seeking a high-traffic area with significant visibility. The property's size and zoning make it an ideal candidate for redevelopment or expansion, catering to the growing needs of the Downey community. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property. This is a rare opportunity to acquire a substantial retail property in a thriving Los Angeles County market. The property is currently offered for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Downey
    County
    Los Angeles
    State
    California
    Longitude
    -118.1433774
    Latitude
    33.9593558

    Comparable in this City

    • Contact for pricing
      1,826 SF

      ARCO Station and Store For Sale

      Established ARCO station and store in high-traffic location.
      9706 Telegraph Rd, Downey, CA 90240
      View Details
    • $325,000
      1,000 SF

      Rosewood Liquor Market Business Opportunity

      Liquor store business with Type 21 license in Downey.
      9138 Telegraph Rd, Downey, CA 90240
      View Details
    • Contact for pricing
      26,420 SF

      Downey Spa Suites - Now Leasing!

      Prime Downey location, move-in ready spa suites.
      9040 Rd, Downey, CA 90240
      View Details
    • $1,175,000
      2,138 SF

      Downey Three-Unit Property with ADUs

      Three-unit property with paid solar and two newer ADUs.
      7977 Vista Del Rosa St, Downey, CA 90240
      View Details
    • Contact for pricing

      Triplex with Two Newer ADUs

      Three-unit property with paid solar and two newer ADUs.
      7977 Vista Del Rosa St, Downey, CA 90240
      View Details
    • Contact for pricing
      5,924 SF

      Downey Commercial Building For Sale

      Commercial building in Downey, with ample space and parking.
      Unknown, Downey, CA 90240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,826 SF

      ARCO Station and Store For Sale

      Established ARCO station and store in high-traffic location.
      9706 Telegraph Rd, Downey, CA 90240
      View Details
    • $325,000
      1,000 SF

      Rosewood Liquor Market Business Opportunity

      Liquor store business with Type 21 license in Downey.
      9138 Telegraph Rd, Downey, CA 90240
      View Details
    • Contact for pricing
      26,420 SF

      Downey Spa Suites - Now Leasing!

      Prime Downey location, move-in ready spa suites.
      9040 Rd, Downey, CA 90240
      View Details
    • $1,175,000
      2,138 SF

      Downey Three-Unit Property with ADUs

      Three-unit property with paid solar and two newer ADUs.
      7977 Vista Del Rosa St, Downey, CA 90240
      View Details
    • Contact for pricing

      Triplex with Two Newer ADUs

      Three-unit property with paid solar and two newer ADUs.
      7977 Vista Del Rosa St, Downey, CA 90240
      View Details
    • Contact for pricing
      5,924 SF

      Downey Commercial Building For Sale

      Commercial building in Downey, with ample space and parking.
      Unknown, Downey, CA 90240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Retail Property

      Retail property in Downey, CA, currently 100% leased.
      9901-9915 Paramount Blvd, Downey, CA 90240
      View Details
    • Contact for pricing
      70,373 SF

      Secured Yard for Lease

      Large, fenced yard approved for truck trailer storage.
      9701 Bluff Rd, Downey, CA 90240
      View Details
    • Contact for pricing

      Retail Space on Paramount Blvd

      Retail space available for lease on Paramount Boulevard.
      10001 Paramount Blvd, Downey, CA 90240
      View Details
    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.
    7238 Florence Ave
    Downey, CA 90240
    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

    Thank You for Inquiry
    7238 Florence Ave, Downey, CA, 90240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!