Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Regional Shopping Center For Sale Title is generated by Realmo AI

    12731 Towne Center Drive, Cerritos, CA 90703

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    518,049 SF shopping center in Cerritos, California.

    Type:Retail
    Property size:
    518,049 SF
    Added:
    May 14, 2026
    Days on Market:
    16
    Last Refresh:
    May 14 at 8:14 pm

    Property Features for 12731 Towne Center Drive

    General Information

    Standard status
    Active
    Size
    518,049 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Bill Bauman
    Bill Bauman

    Listing agent Bill Bauman License #CA RE Lic. #00969493

    Listing office Newmark | Las Vegas

    Listing date May 14, 2026

    Source Nmrk

    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 Newmark | Las Vegas

    HighLights

    • Super‑regional shopping center with 518,049 square feet.
    • Tri‑Grocery Anchored.
    • Located at the intersection of Artesia (91) Freeway and Bloomfield Avenue.
    • Serves an affluent customer base with average household incomes exceeding $130,000 per year.
    • Located in the affluent Cerritos sub‑market.
    • Benefits from a built‑in daytime consumer base from a one million square foot adjacent office campus.

    Overview

    Cerritos Towne Center is a 518,049 square foot regional shopping center located at the southeast corner of the Artesia (91) Freeway and Bloomfield Avenue in Cerritos, California. Completed in 1994, this shopping center serves the Cerritos sub-market. The area has a customer base of over 611,000 residents, with average household incomes exceeding $130,000 per year, and a daytime consumer base from the adjacent one million square foot office campus.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Cerritos Towne Center — 12731 Towne Center Dr, Cerritos, CA 90703

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    County
    Los Angeles
    State
    California
    Longitude
    -118.0600649
    Latitude
    33.871788

    Nearby Similar for Sale

    • $2,600,000
      5,989 SF

      Cerritos Office Building For Sale

      5,989 SF office building on 22,000 SF lot in Cerritos.
      17409 Marquardt, Cerritos, CA 90703
      View Details
    • $2,600,000
      5,989 SF

      Cerritos Office Building For Sale

      5,989 SF office building on 22,000 SF lot.
      17409 Marquardt, 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
    • $11,250,000
      21,706 SF

      Great Owner User, Investor, or Development Opportunity!

      Two-story office buildings near Los Cerritos Center with development potential.
      18331-18327 Gridley Rd., Cerritos, CA 90807
      View Details
    • $40,621,500
      120,450 SF

      Cerritos Warehouse with Truck Court

      Industrial warehouse with fenced yard and excellent freeway access.
      16290-16300 Shoemaker Ave, Cerritos, CA
      View Details
    • $12,400,000
      42,568 SF

      Cerritos Retail Shopping Center

      42,568 SF shopping center in Los Angeles/Orange County metro area.
      17500 Carmenita Rd, Cerritos, CA 90703
      View Details
    • Contact for pricing
      43,080 SF

      Industrial Property in Cerritos

      Industrial property available for sale in Cerritos, California.
      13815 Struikman Rd, Cerritos, CA 90703
      View Details
    • $5,800,000
      17,250 SF

      Cerritos Industrial Property For Sale

      Industrial property available for sale in Cerritos, California.
      14103 Arbor Pl, Cerritos, CA 90703
      View Details
    • $5,686,000
      1,844 SF

      New Starbucks in Cerritos, CA

      New construction Starbucks with a corporate guarantee and desirable location.
      20280 Bloomfield Ave, Cerritos, CA 90703
      View Details

    FAQs

    What type of property is this?
    Shopping center - 518,049 SF shopping center in Cerritos, California.
    Where is this shopping center located?
    The property is located at 12731 Towne Center Drive Cerritos, CA.
    What are key features of this property?
    This property features: Super‑regional shopping center with 518,049 square feet.; Tri‑Grocery Anchored.; Located at the intersection of Artesia (91) Freeway and Bloomfield Avenue.
    (213) 298-3597
    We can help!
    Listing Contact
    Bill Bauman
    Bill Bauman
    Real Estate License ID: CA RE Lic. #00969493
    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
    12731 Towne Center Drive, 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!