Cerritos Office Building For
For Sale
$2,600,000
17409 Marquardt, Cerritos, CA 90703
5,989 SF office building on 22,000 SF lot.
Property Size5,989 SF
Lot Size0.51 Acres
Price / SF$434.13
Days on Market143
Property Features for 17409 Marquardt
General Information
Standard status
Active
Size
5,989 SF
Lot size
0.51 Acres
Property subtype
Office
Building Details
Building Size
5,989 SF
Year Built
1981
Listing Agency:
Richard Rodriguez Jr, Broker
(562) 843-1017
Listed By:
Richard Rodriguez · License #02060568
Source:
Velocityrealtysd
Added: Apr 10
Changed: Aug 25
Last Checked: Aug 29 at 4:26PM
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 Richard Rodriguez Jr, Broker
Investment Insights
Based on property information with market context.
This is a 5,989 square foot office building for sale, situated on a 22,000 square foot lot in Cerritos. The property features a multi-tenant layout and on-site parking. The building is currently configured with multiple tenants on month-to-month leases, providing immediate income. The property is suitable for investors and owner-users, with the flexibility to reposition, increase rents, or occupy all or part of the building. The location has a bike score of 53, indicating it is bikeable, and a walk score of 53, indicating it is somewhat walkable.
Key Highlights
- 5,989 SF office building on a 22,000 SF lot in Cerritos.
- Flexible multi‑tenant layout suitable for investors or owner‑users.
- Ample on‑site parking.
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
$130,915
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
5.04%
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%
$2,618,300
$2.6M
Cap Rate 7%
$1,870,214
$1.9M
Cap Rate 9%
$1,454,611
$1.5M
Market Conditions
NOI Build-Up for 5,989 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
$230.0K $38.40/SF
− Vacancy
−$55.4K −$9.25/SF
EGI
$174.6K $29.15/SF
− OpEx
−$43.6K −$7.29/SF
NOI
$130.9K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,618,300
Cap Rate 7%
$1,870,214
Cap Rate 9%
$1,454,611
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $130,915 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,454 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 90703, CA
49,735
Population
16,160
Households
3.1
Avg Household Size
46
Median Age
57%
College-Educated
94%
High-School Grad
8.7 sq mi
ZIP Area
5,717
Density / Sq Mi
$133,300
Median Household Income
$62,992
Median Earnings
$2,910
Median Rent
$906,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 5,989 SF office building on 22,000 SF lot.
Where is this office building located?
The property is located at 17409 Marquardt Cerritos, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 5,989 SF office building on a 22,000 SF lot in Cerritos.; Flexible multi‑tenant layout suitable for investors or owner‑users.; Ample on‑site parking.
