Medical Office Building with Vacant
13330 Bloomfield Norwalk, CA 90650
13330 Bloomfield, Norwalk, CA, 90650
$8,500,000
For Sale
$8,500,000
Medical-focused office building includes 9,724 SF vacant space with lease-up upside and redevelopment optionality (buyer to verify).
Property Size33,158 SF
Price / SF$256.35
Days on Market165
Property Features for 13330 Bloomfield
General Information
- Standard status
- Active
- Size
- 33,158 SF
- Property subtype
- Office
Building Details
- Year Built
- 1959
Listing agency
Won Suk Kim Real Estate, Inc.
(562) 474-1722
Listed by
Wonnie Kim
Source
Xome
Added: Feb 6 Updated: Jul 21 at 1:56AM Checked: Jul 21 at 2:58AM
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 Won Suk Kim Real Estate, Inc.
Investment Insights
Based on property information with market context.
This medical-office building offers value-add positioning through in-place vacancy and redevelopment optionality. The property includes 9,724 SF of vacant space, creating lease-up upside based on an in-place target rent level of approximately $2.50/SF (buyer to verify). At that stabilized level, the vacancy is described as representing approximately $291,720/year in additional gross potential income. Buyer to verify permitted uses for an owner-user medical operator and any intended concept.
The asset is presented as part of a medical/professional services environment, with redevelopment potential supported by underlying land value, including potential multi-family development (buyer to verify zoning, density, and feasibility).
Nearby area growth referenced in the remarks includes the Norwalk Civic Center mixed-use “The Walk” (recently broken ground), Norwalk Transit Village Specific Plan (up to 770 residential units with supporting commercial/civic space), and a former Norwalk Swap Meet/Alondra corridor redevelopment that has been entitled for a 209-unit mixed-use project with commercial space.
The asset is presented as part of a medical/professional services environment, with redevelopment potential supported by underlying land value, including potential multi-family development (buyer to verify zoning, density, and feasibility).
Nearby area growth referenced in the remarks includes the Norwalk Civic Center mixed-use “The Walk” (recently broken ground), Norwalk Transit Village Specific Plan (up to 770 residential units with supporting commercial/civic space), and a former Norwalk Swap Meet/Alondra corridor redevelopment that has been entitled for a 209-unit mixed-use project with commercial space.
Key Highlights
- Medical‑focused commercial building with 9,724 SF of vacant space for lease‑up upside
- Lease‑up target noted at approximately $2.50/SF to support additional gross potential income once stabilized
- Yearly additional gross potential income listed as approximately $291,720/year once stabilized
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $974.8k | $29.40 |
| − Vacancy | −$82.9k | −$2.50 |
| EGI | $892.0k | $26.90 |
| − OpEx | −$356.8k | −$10.76 |
| NOI | $535.2k | $16.14 |
33,158 SF · lease $29.40/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$7.65M
$6.69M – $8.92M
NOI $535,190 @ 7.0% cap · market cap 6.30%
Second Best
Office B
$7.53M
$6.59M – $8.78M
NOI $527,088 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$10.49M
$9.18M – $12.24M
NOI $734,182 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pamela Lao, RPT
Physician
Tran Vivian DDS
Dental Office
Gentleone Dental
Dental Office
Active Sports Rehab ...
Medical Clinic
Bright Health Physicians-Pih
Medical Group
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FAQs
What type of property is this?
Medical Office Space - Medical-focused office building includes 9,724 SF vacant space with lease-up upside and redevelopment optionality (buyer to verify).
Where is this medical office space located?
The property is located at 13330 Bloomfield Norwalk, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Medical‑focused commercial building with 9,724 SF of vacant space for lease‑up upside; Lease‑up target noted at approximately $2.50/SF to support additional gross potential income once stabilized; Yearly additional gross potential income listed as approximately $291,720/year once stabilized
