Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10861 Cherry St Los Alamitos, CA 90720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr

    Three-story medical office building near Los Alamitos Hospital.

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Shaun Mccullough, Ccim, Sior
    Source: Lee-associates

    Listing Agency: Lee & Associates Los Angeles – Long Beach Inc. Listing Agent: Shaun Mccullough, Ccim, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Medical Office Building

    This three-story medical office building has undergone major renovations completed in 2024, including new exterior paint, landscaping, and signage. Interior upgrades feature new lobbies, flooring and paint, artwork, an electronic building directory, and lighting. The property is located across the street from Los Alamitos Hospital and offers excellent retail amenities. It is situated in close proximity to the 22, 405, and 605 Freeways. The property contains 46,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Barry D. ... Dental Office Lana Delshadi, EDD Physician Valerius Medical Group ... Medical Clinic Nathaniel Neal, MD Physician Rebekah Neal-Kraal, MD Physician

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    Ocean Veterinary Hospital, Banfield Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Los Alamitos
    County
    Orange
    State
    California
    Longitude
    -118.068607
    Latitude
    33.804524

    Nearby Similar for Lease

    • $2 SF/Yr
      3,768 SF

      Modern Retail Space in Los Alamitos

      Light-filled retail spaces with ample parking in a sought-after location.
      10885 Los Alamitos Blvd, Los Alamitos, CA 90720
      View Details
    • $2 SF/Yr

      Medical Office Space For Rent

      Medical office building near freeways and retail amenities in Los Alamitos.
      3662 Katella Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing

      Retail Space in Los Alamitos

      Retail space for lease in affluent Los Alamitos trade area.
      11322 Los Alamitos Blvd, Los Alamitos, CA 90720
      View Details
    • $0.17 SF/Yr

      Commercial Space for Rent

      Commercial space available for rent in Los Alamitos, CA.
      4216 Katella Ave, Los Alamitos, CA 90720
      View Details
    • $1.80 SF/Yr
      1,758 SF

      Los Alamitos Multi-Tenant Building

      Multi-tenant building with office space and major street frontage.
      5480 Katella Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing
      2,168 SF

      Los Alamitos Office Space Available

      Office space available for rent in Los Alamitos, California.
      4281 Katella Ave, Los Alamitos, CA 90720
      View Details
    • $0.23 SF/Yr

      Los Alamitos Commercial Space

      Commercial space available for rent in Los Alamitos, CA.
      10900 Los Alamitos Blvd, Los Alamitos, CA 90720
      View Details
    • $0.25 SF/Yr

      Premium Office Complex Space Available

      Part of a premium 81,218 SF office complex for rent.
      4281 Katella Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing
      838 SF

      Los Alamitos Office Space Available

      Office space for sublease in Los Alamitos, California.
      4422-4478 Cerritos Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing
      927 SF

      Los Alamitos Office Suite For Rent

      First floor office suite featuring reception and private offices.
      4332 W Cerritos Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing

      Los Alamitos Specialty Property

      Specialty property available for rent in Los Alamitos, CA.
      10690 Los Alamitos Blvd, Los Alamitos, CA 90720
      View Details
    • $2 SF/Yr

      Retail Space on Katella Avenue

      Retail property available for lease on Katella Avenue.
      3251-3273 Katella Ave, Los Alamitos, CA 90720
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Three-story medical office building near Los Alamitos Hospital.
    Where is this medical office space located?
    The property is located at 10861 Cherry St Los Alamitos, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Premier 3-story medical office building.; - Major renovations completed in 2024, including exterior and interior upgrades.; - New lobbies, flooring, paint, artwork, building electronic directory, and lighting.
    (562) 354-2517
    Request Owner's contact information
    10861 Cherry St Los Alamitos, CA 90720
    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.
    10861 Cherry St
    Los Alamitos, CA 90720
    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
    10861 Cherry St Los Alamitos, CA 90720
    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
    Shaun Mccullough, Ccim, Sior
    Real Estate License ID: 01380928
    (562) 354-2517 (562) 354-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!