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    11642 Firestone Blvd Norwalk, CA 90650

    Sponsored
    For Lease
    $6 SF/Yr

    43,000 sq ft lot, ideal for QSR with drive-thru.

    Lot size:
    43,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 43,000 square foot commercial land parcel, located at 11642A Firestone Blvd, Norwalk, CA 90650, presents a unique investment opportunity. Zoned NOC3, this single-tenant property boasts 215 feet of frontage on Firestone Boulevard and is conveniently situated near the intersection of Firestone and Pioneer. The ground lease price has been significantly reduced to $0.50 per square foot per month plus NNN. The existing building is easily demolished, making it perfect for redevelopment. Its prime location adjacent to a bustling Northgate Market ensures high visibility and foot traffic. The area benefits from a dense population and excellent freeway access via the I-5, I-605, and I-105 freeways. This property is also available for sale at $4,300,000. The City of Norwalk is actively encouraging multi-family development, with or without retail components, and three adjacent parcels are designated for residential development. Combining this property with the adjacent parcels would create a substantial approximately 4.5-acre site, presenting significant development potential. APN: 8048-007-002. This is a rare chance to acquire a strategically located commercial property in a thriving Los Angeles County (south) submarket.

    Property Features for 11642 Firestone Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,000 SF

    Unit(s) available at that property

    Space
    Size
    43,000 SF
    Rate per SF
    $6

    HighLights

    • 43,000 square foot commercial land parcel.
    • Single‑tenant property.
    • $0.50/SF/month ground lease rate plus NNN, or $4,300,000 purchase price.
    • Ideal for QSR with drive‑thru; existing building can be demolished.
    • Excellent freeway access (I‑5, I‑605, I‑105) and located near a high‑traffic Northgate Market in a densely populated area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden Empire Mortgage Mortgage Lender Berkshire Hathaway HomeServices ... Real Estate Agency René Arauz- GEM ... Mortgage Broker Berkshire Hathaway Home ... Real Estate Agency Real Estate in Norwalk Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Los Angeles
    State
    California
    Longitude
    -118.08516342473
    Latitude
    33.914219311815

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    FAQs

    What type of property is this?
    Land - 43,000 sq ft lot, ideal for QSR with drive-thru.
    Where is this land located?
    The property is located at 11642 Firestone Blvd Norwalk, CA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 43,000 square foot commercial land parcel.; Single-tenant property.; $0.50/SF/month ground lease rate plus NNN, or $4,300,000 purchase price.
    Request Owner's contact information
    11642 Firestone Blvd Norwalk, CA 90650
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    Norwalk, CA 90650
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    Realmo Value Estimation

    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.

    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.

    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
    11642 Firestone Blvd Norwalk, CA 90650
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