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

    2501 Cherry Ave Signal Hill, CA 90755

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

    Value-add opportunity in Signal Hill Town Center with recent improvements.

    Type:Office
    Property size:
    110,759 SF
    Added:
    Aug 28, 2024
    Days on Market:
    601
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 2501 Cherry Ave

    General Information

    Standard status
    Active
    Size
    110,759 SF
    Property subtype
    Office

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Coleman Kistner

    Listing agent Coleman Kistner License #02198995

    Listing office Lee & Associates - Long Beach

    Listing date Aug 28, 2024

    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 Lee & Associates - Long Beach

    Overview

    Signal Hill Town Center Opportunity

    Signal Hill Town Center, encompassing 110759 square feet, presents a value-add opportunity for investors or owner-users. The property has undergone recent improvements, including new exterior windows, a new solar panel system, newly redone tile work in the lobby, and a fresh coat of paint. The internal courtyards, common areas, and corridors offer a customizable space for design and updates. The property's location provides convenient access to hospitals, freeways, hotels, and airports. A variety of sizes and layouts are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Signal Hill
    County
    Los Angeles
    State
    California
    Longitude
    -118.1687619
    Latitude
    33.803068

    Nearby Similar for Sale

    • $1,249,000
      3,182 SF

      Signal Hill Quadruplex Opportunity

      Well-maintained Signal Hill fourplex, a pride of ownership property.
      2669 Lime, Signal Hill, CA 90755
      View Details
    • $998,000
      2,170 SF

      Charming Craftsman Duplex in Signal Hill

      Craftsman duplex in walkable Signal Hill, near ocean, shops, dining.
      1887 Saint Louis Avenue, Signal Hill, CA 90755
      View Details
    • $1,249,000
      3,108 SF

      Signal Hill Quadruplex Opportunity

      Well-maintained Signal Hill fourplex, excellent investment opportunity.
      2661 Lime Avenue, Signal Hill, CA 90755
      View Details
    • $1,250,000
      1,668 SF

      Renovated Duplex in California Heights

      Newly renovated duplex on a corner lot, ready for tenants.
      3305 Brayton Ave, Signal Hill, CA 90755
      View Details
    • $1,450,000
      6,959 SF

      Signal Hill Industrial Flex Condo

      6,959 SF industrial flex/office condo in Signal Hill, CA.
      2847-2853 Gundry, Signal Hill, CA 90755
      View Details
    • $1,295,000
      4,193 SF

      Signal Hill Quadruplex For Sale

      Signal Hill quadruplex with 4,193 square feet of living space.
      1000 E Burnett, Signal Hill, CA 90755
      View Details
    • $3,150,000

      Signal Hill Two-Story Office Building

      Two-story office building with freeway access in Signal Hill.
      2835 Temple Ave, Signal Hill, CA 90755
      View Details
    • $725,000
      3,479 SF

      Industrial/Office Condo For Sale

      Industrial/Office condo with grade level door and varying clear height.
      2829-2871 Gundry Ave, Signal Hill, CA
      View Details
    • $995,000
      2,076 SF

      Signal Hill Industrial Property

      Light industrial property with secured yard in Signal Hill.
      3323 Lime Ave, Signal Hill, CA 90755
      View Details
    • $350,000

      Established Fitness Business Opportunity

      Fitness business for sale with equipment, training, clients, and support.
      2696 Dawson Avenue, Signal Hill, CA 90755
      View Details
    • $1,450,000

      Signal Hill Fourplex Opportunity

      Well-maintained Signal Hill fourplex for sale after almost 40 years.
      2661 Lime Ave, Signal Hill, CA 90755
      View Details
    • $1,450,000

      Signal Hill Fourplex Opportunity

      Well-maintained Signal Hill fourplex for sale, pride of ownership.
      2669 Lime, Signal Hill, CA 90755
      View Details

    FAQs

    What type of property is this?
    Office building - Value-add opportunity in Signal Hill Town Center with recent improvements.
    Where is this office building located?
    The property is located at 2501 Cherry Ave Signal Hill, CA.
    What is the asking price?
    The asking price for this property is $15,890,000.
    What are key features of this property?
    This property features: First time available to an owner user.; State‑of‑the‑art energy savings with large solar panel system.; Great location near hospitals, freeways, hotels, and airports.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Coleman Kistner
    Real Estate License ID: 02198995
    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!