Industrial Warehouse in Paramount
For Sale
Contact for pricing
Pending
15532 Illinois Ave, Paramount, CA 90723
Versatile industrial warehouse in Paramount City's industrial district.
Property Size3,600 SF
Lot Size0.17 Acres
Days on Market300
Property Features for 15532 Illinois Ave
General Information
Standard status
Pending
Size
3,600 SF
Class
B
Lot size
0.17 Acres
Property subtype
Industrial
Zoning
PAM2
Investment Type
Owner/User
Building Details
Year Built
1963
Listing Agency:
RGA Properties
Listed By:
Omar Morales · License #02199711
Source:
Crexi
Added: Nov 7, 2025
Changed: Aug 22
Last Checked: Aug 31 at 11:43PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$936,860
$936.9K
Cap Rate 7%
$669,186
$669.2K
Cap Rate 9%
$520,478
$520.5K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$57.9K $16.08/SF
− Vacancy
−$2.8K −$0.77/SF
EGI
$55.1K $15.31/SF
− OpEx
−$8.3K −$2.30/SF
NOI
$46.8K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$936,860
Cap Rate 7%
$669,186
Cap Rate 9%
$520,478
Alternative Uses
Best Use
Warehouse
$669.2K
$585.5K – $780.7K
NOI $46,843 @ 7.0% cap · market cap 3.35%
Second Best
Industrial
$601.0K
$525.9K – $701.2K
NOI $42,070 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,920 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,892
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90723, CA
53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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- NowShip Affiliate Plus Divine Trucking — 15532 illinois ave, paramount, ca 90723
Frequently Asked Questions
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.
