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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Manufacturing properties
9301 Rayo Ave South Gate, CA 90280-3612
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8701299
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1953
Total area
29,795 SF
Lot
2.83 ac (123,118 SF)
Zoning code
SGM3*
APN
6222-005-015
UPID
US09-8701299
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
Current use
Occupant on record · Public records
-
Reliable Steel Building Products Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.36M
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$4.40M
Owner & transaction history
Jeffrey Michael Palmer · 2 yrs held
Jeffrey Michael Palmer
since 2023
5 recorded transactions
Zoning & alternative use
SGM3* · South Gate, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+17.0%
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 South Gate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Gate 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%
$5,805,000
6.5%
$5,355,000
7%
$4,975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,410,000
Current use
COMMERCIAL (GENERAL)
$6,330,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±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
$148 / 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
$63,576
Tax year 2024
Assessed value
$4,521,361
Assessed 2024
Previous assessed
$4,521,361
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,931,537
Assessed improvement
$589,824
Applied tax rate
1.0000
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
HEAVY MANUFACTURING
Status
Off-Market
Year built
1953
Heating
NONE
Stories
1
Total area
29,795 SF
Lot
2.83 ac (123,118 SF)
Zoning code
SGM3*
APN
6222-005-015
UPID
US09-8701299
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SGM3* · South Gate, CA
Zoning SGM3* · permitted uses
SGM3* · South Gate, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Gate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$6.3M
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
1953
Heating
NONE
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Jeffrey Michael Palmer
Individual
Free & Clear · 2 yrs held
Mailing address
9314 GAYMONT AVE, DOWNEY, CA 90240-2669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 12, 2023
—
Jeffrey Michael Palmer
Jeffrey Michael Palmer
Intrafamily Transfer
related
—
Jun 30, 2023
—
Jeffrey Michael Palmer
Jeffrey Michael Palmer
Intrafamily Transfer
related
$5,000 · Arthur Hernandez
Dec 4, 2019
—
Palmer,jeffrey M Trust
Jeffrey Palmer
Quit Claim Deed
related
—
Mar 28, 1997
—
Jeffrey Palmer
Jervis B Webb Co California
Grant Deed
$900,000 · Seller
Sep 4, 1956
—
—
—
Grant Deed
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.
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