Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Building with Fenced Yard Title is generated by Realmo AI

    7243 Somerset Bl, Paramount, CA 90723

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

    9,841 SF building on 45,412 SF lot with fenced yard.

    Type:Industrial
    Property size:
    9,841 SF
    Added:
    Nov 26, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 9:29 pm

    Property Features for 7243 Somerset Bl

    General Information

    Standard status
    Active
    Size
    9,841 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Tom O'Loughlin

    Listing agent Tom O'Loughlin License #CalDRE #01156170

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Tom O'Loughlin

    HighLights

    • ±9,841 SF Building on ±45,412 SF of Land
    • Large Fenced Yard Area
    • Perfect Contractor's Yard
    • Multiple Uses
    • Immaculate Building
    • Somerset Blvd/Texaco Ave Location

    Overview

    The property features a building with approximately 9,841 square feet of space, situated on a lot of approximately 45,412 square feet. It includes a large fenced yard area. The building is described as being in immaculate condition and suitable for multiple uses, including use as a contractor's yard. The property is located near the intersection of Somerset Boulevard and Texaco Avenue in Paramount, California.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.164
    Latitude
    33.8963

    Nearby Similar for Sale

    • $3,200,000
      8,904 SF

      Paramount Commercial/Industrial Building For Sale

      8,904 SF commercial/industrial building with high visibility in Paramount, CA.
      8595 Rosecrans, Paramount, CA 90723
      View Details
    • $1,649,000
      4,380 SF

      Mixed-Use Investment in Paramount, CA

      Commercial storefront, single-family home, and rental units on large lot.
      15323 Paramount, Paramount, CA 90723
      View Details
    • $849,995
      1,448 SF

      Paramount Duplex For Sale

      Two-unit residential income property in Paramount, California.
      6626 San Miguel, Paramount, CA 90723
      View Details
    • $1,649,000
      4,380 SF

      Paramount Mixed-Use Investment Opportunity

      Mixed-use property in downtown Paramount with retail and residential units.
      15323 Paramount Boulevard, Paramount, CA 90723
      View Details
    • $900,000
      1,616 SF

      Paramount Triplex with Potential

      Triplex in Paramount, CA, offering upside potential.
      8203 2nd, Paramount, CA 90723
      View Details
    • $1,999,888
      5,964 SF

      Paramount Commercial Property For Sale

      Commercial property in Paramount, CA with long-term tenant and cell tower.
      14045 Garfield Ave., Paramount, CA 90723
      View Details
    • $1,875,000
      5,567 SF

      Paramount Retail/Office Investment Opportunity

      Fully occupied retail/office building with upside potential in rents.
      14125 Garfield Avenue, Paramount, CA 90723
      View Details
    • $3,200,000
      9,000 SF

      Paramount Commercial/Industrial Building For Sale

      9,000 SF commercial/industrial building with high visibility and CM zoning.
      8595 Rosecrans, Paramount, CA 90723
      View Details
    • $790,000
      1,354 SF

      Paramount Duplex with Income Potential

      Well-maintained duplex in Paramount, ideal for investors or owner-occupants.
      7229 Jackson Street, Paramount, CA 90723
      View Details
    • $865,000
      2,083 SF

      Paramount Income Property with ADU

      Investment opportunity with front residence and permitted rear ADU.
      7032 San Vincente St, Paramount, CA 90723
      View Details
    • $3,500,000
      9,304 SF

      Food Manufacturing Facility For Sale

      FDA/USDA approved food manufacturing building in Paramount, California.
      7602 Jackson St, Paramount, CA 90723
      View Details
    • $1,300,000

      Paramount Industrial Space For Sale

      Industrial property in Paramount, ideal for manufacturing and distribution.
      15532 Illinois, Paramount, CA 90723
      View Details

    FAQs

    What type of property is this?
    Industrial property - 9,841 SF building on 45,412 SF lot with fenced yard.
    Where is this industrial property located?
    The property is located at 7243 Somerset Bl Paramount, CA.
    What are key features of this property?
    This property features: ±9,841 SF Building on ±45,412 SF of Land; Large Fenced Yard Area; Perfect Contractor's Yard
    (323) 767-2027
    We can help!
    Listing Contact
    Tom O'Loughlin
    Real Estate License ID: CalDRE #01156170
    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

    Thank You for Inquiry
    7243 Somerset Bl, Paramount, CA 90723
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!