Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16213 Illinois Ave. Paramount, CA 90723

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

    2,702 square foot warehouse space for lease.

    Type:Industrial
    Property size:
    2,702 SF
    Added:
    Apr 3, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 3 at 4:53 am

    Property Features for 16213 Illinois Ave.

    General Information

    Standard status
    Active
    Size
    2,702 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1965

    Spaces For Lease

    at 16213 Illinois Ave. Contact us

    We can help!

    Listing Contact
    Suzanne Sullivan

    Listing agent Suzanne Sullivan License #CA #02230120

    Listing office Torrance

    Listing date Apr 3, 2026

    Source Daumcommercial

    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 Torrance

    Overview

    Paramount Warehouse Space Available

    This commercial real estate offers a warehouse space encompassing 2,702 square feet. The property is located in Paramount, California.
    Location Intelligence

    Current Use by Public Records

    Mega kitchen Bath ... Construction Company Oc & C Construction General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply 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

    • 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

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.1657377
    Latitude
    33.8868145

    Nearby Similar for Lease

    • $1.30/mo

      Refurbished Industrial Unit in Paramount

      Refurbished ±3,040 SF industrial unit in a secured park.
      16220 Gundry Ave, Paramount, CA 90723
      View Details
    • $1.25/mo

      Downey Ave Flex Space Available

      Multi-tenant building with convenient access to major freeways.
      15930-15940 Downey Ave, Paramount, CA
      View Details
    • Contact for pricing

      Paramount Industrial Building with Yard

      4,800 SF industrial building with fenced yard for lease.
      15342 Colorado Avenue, Paramount, CA 90723
      View Details
    • Contact for pricing

      Retail Space in Paramount Plaza

      Retail space available for sublease in Paramount, CA.
      15713-15727 Downey Ave, Paramount, CA 90723
      View Details
    • $1.25/mo

      Industrial Space Near Freeways

      Industrial space with convenient freeway access and no CAM charges.
      14016-14022 Garfield Ave, Paramount, CA
      View Details
    • $2/mo

      Retail Space For Lease

      Retail space available for lease in Paramount, CA.
      15134 Paramount Blvd, Paramount, CA
      View Details
    • $1.35/mo

      Paramount Warehouse Space Available

      Industrial warehouse space available for lease in Paramount, California.
      14030 Orange Avenue, Paramount, CA, 90723
      View Details
    • $1.25/mo

      Manufacturing Multi-Tenant Building For Rent

      Centrally located manufacturing building with 20' clear height.
      16100-16122 Orange Ave, Paramount, CA
      View Details
    • $1.50/mo

      Paramount Industrial Flex Space Available

      Newly refurbished industrial unit near major freeways for lease.
      8650 Somerset Blvd, Paramount, CA
      View Details
    • Contact for pricing

      Paramount Warehouse Space Available

      Industrial warehouse space available for lease in Paramount, California.
      15942 Downey Ave., Paramount, CA, 90723
      View Details
    • $16/mo

      Paramount Freestanding Warehouse with Yard

      Freestanding warehouse with a large fenced yard and heavy power.
      7301 Quimby Street, Paramount, CA, 90723
      View Details
    • $1.19/mo

      Paramount Warehouse Space Available

      126,432 sqft warehouse/distribution space for lease in Paramount.
      14003 Orange Avenue, Paramount, CA, 90723
      View Details

    FAQs

    What type of property is this?
    Warehouse - 2,702 square foot warehouse space for lease.
    Where is this warehouse located?
    The property is located at 16213 Illinois Ave. Paramount, CA.
    What are key features of this property?
    This property features: 2,702 square foot warehouse space available for lease.; For lease; Year Built: 1965
    (310) 538-6719
    We can help!
    Listing Contact
    Suzanne Sullivan
    Real Estate License ID: CA #02230120
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!