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Industrial Warehouse in Paramount City

15532 Illinois Ave Paramount, CA 90723

15532 Illinois Ave, Paramount, CA, 90723
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Versatile industrial warehouse in Paramount City's industrial district.

Property Size3,600 SF
Lot Size0.17 Acres
Price / SF$388.89
AddedNov 7, 2025
Days on Market250
Last RefreshJul 2 at 8:19 am

Property Features for 15532 Illinois Ave

General Information

Standard status
Active
Size
3,600 SF
Lot size
0.17 Acres
Property subtype
Industrial

Building Details

Year Built
1963

Listing office RGA Properties

Listing date Nov 7, 2025

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 RGA Properties


Investment Insights

Based on property information with market context.

This industrial warehouse is available for lease or sale in Paramount City. The property, zoned M2 (Heavy Industrial), is suitable for manufacturing, distribution, or light industrial uses. It features high ceilings for storage, equipment, or production needs. A front office area provides space for administrative or customer service operations. Ample parking is available in the front and rear of the building for employees, visitors, or fleet vehicles. Situated on a 7,501 sq. ft. lot, the 3,600 sq. ft. warehouse provides flexibility for outdoor storage, loading, or potential expansion. Located within a county HUB Zone, this property offers potential government contracting advantages and incentives.

Key Highlights

  • M2 (Heavy Industrial) Zoning: Suitable for various industrial uses.
  • Located within a county HUB Zone: Offers potential government contracting advantages.
  • Ample Parking: Available in both front and rear.

Local Financial Insights For Warehouse

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 $57.9k $16.08
− Vacancy −$2.8k −$0.77
EGI $55.1k $15.31
− OpEx −$8.3k −$2.30
NOI $46.8k $13.01
3,600 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$669.2K
$585.5K – $780.7K (±1% cap)
NOI $46,843 @ 7.0% cap · market cap 3.35%
Second Best
Industrial
$601.0K
$525.9K – $701.2K (±1% cap)
NOI $42,070 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M (±1% cap)
NOI $134,920 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

One Coat Roof ... Big Box & Wholesale Store NowShip Affiliate Plus ... Moving Company

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Gym & Fitness Center HVAC Service Accounting Firm Tattoo & Piercing Shop Acupuncture

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

Similar Off Market Nearby

  • SecurCare Self Storage — 7752 Jackson St, Paramount, CA 90723
  • Sullivan Storage Facility — 15929 Minnesota Ave, Paramount, CA 90723
  • Low Cost Storage Paramount — 7520 Alondra Blvd, Paramount, CA 90723
  • NowShip Affiliate Plus Divine Trucking — 15532 illinois ave, paramount, ca 90723
  • Jackson's Inc — 2518 Brentwood Ct #BRXTN Dept: 15534 Garfield Ave Frisco 75034, Paramount, CA 90723

FAQs

What type of property is this?
Warehouse - Versatile industrial warehouse in Paramount City's industrial district.
Where is this warehouse located?
The property is located at 15532 Illinois Ave Paramount, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: M2 (Heavy Industrial) Zoning: Suitable for various industrial uses.; Located within a county HUB Zone: Offers potential government contracting advantages.; Ample Parking: Available in both front and rear.
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