Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space Available For Lease Title is generated by Realmo AI

    16201 Commerce Way, Cerritos, CA 90703

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial property available for lease in Cerritos, California.

    Type:Industrial
    Added:
    Jun 22, 2024
    Days on Market:
    694
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 16201 Commerce Way

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 16201 Commerce Way Contact us

    Available Space $1.30/Mo

    Size
    71,712 SF
    Type
    Industrial
    Monthly opex to $0.695.nAvailable: 11/01/2024
    Contact us

    We can help!

    Listing Contact
    Cameron Driscoll
    Cameron Driscoll

    Listing agent Cameron Driscoll License #01224141

    Listing office JLL - Irvine (Orange County), California

    Listing date Jun 22, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL - Irvine (Orange County), California

    HighLights

    • For Lease

    Overview

    This commercial property, located at 16201 Commerce Way in Cerritos, California, is available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    County
    Los Angeles
    State
    California
    Longitude
    -118.0433467
    Latitude
    33.8850201

    Nearby Similar for Lease

    • Sponsored
      $129-$5,227/Mo
      11-1,292 SF

      Cerritos Towne Center

      17777 Center Court Dr, Unit 600, Cerritos, CA 90703
      View Details
    • $0.99 SF/Yr
      27,800 SF

      Refurbished Industrial Space Available

      Refurbished industrial space with office, dock, and ground loading.
      16704 Marquardt Avenue, Cerritos, CA, 90703
      View Details
    • $1.30 SF/Yr
      9,366 SF

      Refurbished Office Space Available

      Recently refurbished office space with easy freeway access.
      13844 Struikman Road, Cerritos, CA, 90703
      View Details
    • $0.99 SF/Yr
      23,040 SF

      Cerritos Warehouse with Dock Access

      Warehouse space with dock high and ground level loading.
      13875 Artesia Boulevard, Cerritos, CA, 90703
      View Details
    • $0.99 SF/Yr
      23,712 SF

      Cerritos Warehouse with Air Conditioning

      Refurbished warehouse with easy freeway access and air conditioning.
      16707 Edwards Road, Cerritos, CA, 90703
      View Details
    • $0.95 SF/Yr
      108,253 SF

      Cerritos Warehouse with Freeway Access

      Warehouse with direct freeway access and fenced yard for lease.
      16220 Carmenita Road, Cerritos, CA, 90703
      View Details
    • $1.58 SF/Yr
      5,730 SF

      Industrial Warehouse with Freeway Access

      Warehouse with truck well and easy freeway access.
      17202 Marquardt Avenue, Cerritos, CA, 90703
      View Details
    • $0.95 SF/Yr
      87,635 SF

      Cerritos Warehouse with Office Space

      87,635 SF warehouse with office, high ceilings, truck positions.
      13140 Alondra Boulevard, Cerritos, CA, 90703
      View Details
    • $0.94 SF/Yr
      28,336 SF

      Cerritos Warehouse Near Freeways

      50,416 SF building with dock and ground loading.
      16808-16818 Marquardt Ave, Cerritos, CA
      View Details
    • $1.58 SF/Yr
      5,730 SF

      Warehouse Space with Dock Access

      Industrial warehouse space featuring dock high and ground level loading.
      17202-17210 Marquardt Ave, Cerritos, CA
      View Details
    • Contact for pricing
      12,873 SF

      Industrial Building Available For Lease

      Industrial building featuring office space, dock, and ground level loading.
      16410 Manning Way, Cerritos, CA, 90703
      View Details
    • $1.17 SF/Yr
      56,314 SF

      Industrial Warehouse with Dock High

      Warehouse with street frontage, dock high positions, and freeway access.
      12930 Alondra Blvd, Cerritos, CA 90703
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for lease in Cerritos, California.
    Where is this specialty property located?
    The property is located at 16201 Commerce Way Cerritos, CA.
    What are key features of this property?
    This property features: For Lease
    (949) 885-2976 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cameron Driscoll
    Cameron Driscoll
    Real Estate License ID: 01224141
    Learn More
    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.
    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
    16201 Commerce Way, Cerritos, CA 90703
    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!