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

    18331-18327 Gridley Rd. Cerritos, CA 90807

    Sponsored
    Source: https://www.cbcworldwide.com
    For Sale
    $11,250,000

    Great Owner User, Investor, or Development Opportunity!

    Property size:
    21,706 SF

    Description

    Added:
    May 13, 2025
    Days on Market:
    250
    Great Owner User, Investor, or Development Opportunity! Unique variety of medical and service-based businesses Centrally located Directly served by the 5, 605, and 91 Freeway Adjacent to Cerritos Mall 110 Onsite parking stalls First time on the market since 1998

    Coldwell Banker Commercial Blair is pleased to present 18327 and 18331 Gridley Rd in Cerritos, CA For Sale. This is the first time that these properties have been available for sale since 1998. These properties consist of two- two story office buildings with 14 units totaling approximately 27,520 SF of improvements (inclusive of the exterior walkways, title shows 21,706 SF) situated on approximately 75,102 SF of land. The large onsite parking lot provides ample parking for businesses. All the tenants are either on month-to-month or short-term leases which would make this property attractive for either an owner/user, an investor looking for upside potential, or a developer interested in developing close to an acre and half of land.
    The subject properties are located between bustling Los Angeles and vibrant Orange County. They are directly adjacent to the Los Cerritos Center, commonly known as the Cerritos Mall. This 100-acre shopping mall includes high end stores featuring Apple, Nordstrom, Zara, MAC, and Lululemon, and dining establishments Cheesecake Factory, P.F. Chang’s, The Lazy Dog Restaurant and Bar, Harkins movie theatre, and is a go-to destination for Southern California shoppers. Not only does this property benefit from its proximity to the mall but it is minutes from the renowned Cerritos Auto Square, the largest auto mall in the world with 29 imports and domestic brands.

    CR- Regional Commercial Zone: The CR zone is intended to provide for the conduct of business serving a regional area including primarily the retail sale of shopping goods and services and a variety of commercial and professional activities. It is further intended that these activities shall provide additional municipal revenue as well as business opportunities and employment opportunities for residents of the city. Permitted uses include but are not limited to apparel stores, banks, medical clinics, food stores, furniture stores, health clubs, motels and hotels, restaurants, and more. For more information, please visit the city of Cerritos municipal code. Buyer to verify.

    SPACES
    Suite 1L
    SQFT:1,034

    Lease Type:

    Sublease:No

    Lease Rate:$1.95/sqft/mo

    Available: Immediately
    Suite 2EF
    SQFT:1,979

    Lease Type:

    Sublease:No

    Lease Rate:$1.95/sqft/mo

    Available: Immediately
    Suite 2H
    SQFT:1,781

    Lease Type:

    Sublease:No

    Lease Rate:$1.95/sqft/mo

    Available: Immediately
    Suite J
    SQFT:950

    Lease Type:

    Sublease:No

    Lease Rate:$1.95/sqft/mo

    Available: Immediately

    Property Features for 18331-18327 Gridley Rd.

    General Information

    Property type
    Medical offices
    Investment Type
    owner-user
    Square Feet
    21,706 SF
    Price / Square Foot
    $518
    Total Parking Spaces
    110
    Elevators
    N/A
    Net Rentable
    21,706 SF
    Lot Size
    75,102 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Sheva Hosseinzadeh

    Learn more

    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    State
    California
    Longitude
    -118.755997
    Latitude
    36.7014631

    Nearby Comparable

    • $730,000
      1,792 SF

      Converted Residence Now Used as an Office Building

      Converted Residence Now Used as an Office Building
      1823 11th Street, Sacramento, CA 95811
      View Details
    • $725,000
      3,920 SF

      Well Maintained Four Suite Commercial Building For Sale

      Well Maintained Four Suite Commercial Building For Sale
      4204 Martin Luther King Jr. Blvd., Sacramento, CA 95820
      View Details
    • $1,750,000
      9,000 SF

      Endless Possibilities for Large Commercial Building

      Endless Possibilities for Large Commercial Building
      7245 E Southgate Drive, Sacramento, CA 95823
      View Details
    • $1,049,000
      9,862 SF

      10,000 SF Versatile Commercial Building For Sale

      10,000 SF Versatile Commercial Building For Sale
      910 2Nd St, Sacramento, CA 95814
      View Details
    • $850,000
      5,080 SF

      Commercial Mixed-Use For Sale

      Commercial Mixed-Use For Sale
      3840 Stockton Boulevard, Sacramento, CA 95820
      View Details
    • $1,450,000
      2,400 SF

      2400 SF Great Opportunity for Restaurant or Other Business

      2400 SF Great Opportunity for Restaurant or Other Business
      7223 55th Street, Sacramento, CA 95823
      View Details
    • $1,195,000
      4,230 SF

      Quadruplex With Upside Potential

      Quadruplex With Upside Potential
      3014 W 12th St, Los Angeles, CA 90006
      View Details
    • $1,400,000
      3,250 SF

      Rare Fully Leased Midtown Sacramento Medical / Dental Building For Sale

      Rare Fully Leased Midtown Sacramento Medical / Dental Building For Sale
      810 29th Street, Sacramento, CA 95816
      View Details
    • $1,699,999
      4,800 SF

      Wholesale Bakery For Sale

      Wholesale Bakery For Sale
      7507 Reese Road, Sacramento, CA 95828
      View Details
    • $399,000
      3,525 SF

      Office Space of Approximately 1,325 SF and Bay Space of Approximately 2,200 SF

      Office Space of Approximately 1,325 SF and Bay Space of Approximately 2,200 SF
      3931 Marysville Boulevard, Sacramento, CA 95838
      View Details
    • $225,000
      632 SF

      Seize This Opportunity to Own a Well-Established, Full-Service Automotive Business!

      Seize This Opportunity to Own a Well-Established, Full-Service Automotive Business!
      5670 Stockton Boulevard, Sacramento, CA 95824
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      10,500 SF

      Turnkey Medical Office in Cerritos

      10,500 SF medical office space for sale in Cerritos.
      13330 South St, Cerritos, CA 90703
      View Details
    • $11,250,000
      27,520 SF

      Two Cerritos Office Buildings For Sale

      Two-story office buildings near Cerritos Mall with redevelopment potential.
      18331-18327 Gridley Rd, Cerritos, CA 90807
      View Details
    • Contact for pricing
      28,250 SF

      Industrial Space with Loading Docks

      Industrial property featuring loading docks and ample parking.
      16808 Marquardt Ave, Cerritos, CA 90703
      View Details
    • Contact for pricing
      43,000 SF

      43,000 SF Free Standing Warehouse

      Free standing warehouse with office space and convenient freeway access.
      16804-16808 Gridley Pl, Cerritos, CA 90703
      View Details
    • $5,800,000
      17,250 SF

      Industrial Building with Office/Showroom

      Free-standing industrial building in Cerritos with excellent freeway access.
      14103 Arbor Pl, Cerritos, CA 90703
      View Details
    • $12,400,000
      42,794 SF

      Retail Building For Sale

      Multi-tenant retail building with 42,794 square feet available.
      17500-17510 Carmenita Rd, Cerritos, CA 90703
      View Details
    • $11,250,000
      21,706 SF

      Cerritos Office Complex - Prime Location

      Multi-tenant office building, high-growth area.
      18331 Gridley Rd, Cerritos, CA 90703
      View Details
    • $6,838,000
      1,844 SF

      Cerritos Starbucks Investment

      High-yield Starbucks NNN lease.
      20280 Bloomfield Ave, Cerritos, CA 90703
      View Details

    FAQs

    What type of property is this?
    Medical office - Great Owner User, Investor, or Development Opportunity!
    Where is this medical office located?
    The property is located at 18331-18327 Gridley Rd. Cerritos, CA.
    What is the asking price?
    The asking price for this property is $11,250,000.
    (562) 400-5949
    Request Owner's contact information
    18331-18327 Gridley Rd. Cerritos, CA 90807
    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.
    18331-18327 Gridley Rd.
    Cerritos, CA 90807
    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
    18331-18327 Gridley Rd. Cerritos, CA 90807
    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

    We can help!
    Listing Contact
    Sheva Hosseinzadeh
    (562) 400-5949
    Learn more
    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.