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    Property profile & analytics

    16111 Canary Ave La Mirada, CA 90638-5510

    • Warehouses
    • 77,748 SF
    • 3.81 lot acres
    OFF-MARKET
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6226785
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sunstar Industries Inc. / Wholesaler
    • XPDEL Inc, Fulfillment Center in La Mirada / Logistics Service

    Property Details for 16111 Canary Ave

    Year built
    1969
    Construction
    WOOD
    Lot size
    3.81 lot acres
    Property size
    77,748 SF
    Zone code
    LMM2*
    Property type
    Warehouses
    APN
    7001-013-071
    APU
    7001013071

    Description

    This exceptional 37,700-square-foot industrial manufacturing facility is available for lease in La Mirada, California. Located at 16111 Canary Avenue, zip code 90638, in Los Angeles County, this single-tenant property offers ample space for a variety of manufacturing operations. The building boasts a substantial 20-foot ceiling height, providing excellent vertical clearance for equipment and storage. Six dock-high doors ensure efficient loading and unloading of materials. The property is fully vacant and ready for immediate occupancy. Power is robust, featuring a 500-amp, 120/240V, 3-phase, 4-wire electrical service, suitable for energy-intensive manufacturing processes. This prime location in La Mirada offers easy access to major transportation arteries, making logistics and distribution seamless. The property is classified as industrial, with a manufacturing subtype, providing a suitable environment for a wide range of manufacturing businesses. This is a rare opportunity to secure a large, well-equipped manufacturing space in a desirable location. The property is ready for immediate occupancy, allowing for a quick start to operations. Interested parties are encouraged to inquire promptly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $904,000
      Market price range: $904k - $3.70M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Mirada
    County
    Los Angeles
    State
    California
    Longitude
    -118.024
    Latitude
    33.8863
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $62,746
    $1,487,751
    $2,430,594
    $3,918,345
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      0.29 Acres

      La Mirada, CA 90638

      WAREHOUSE, STORAGE • 0.29 Acres
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      View Details
    • Value Estimation
      $1,520,000
      282,843 SF

      14765 Industry Cir

      WAREHOUSE, STORAGE • 282,843 SF
      14765 Industry Cir, La Mirada, CA 90638-5818
      View Details
    • Value Estimation
      $1,315,000
      194,481 SF

      14450 Industry Cir

      WAREHOUSE, STORAGE • 194,481 SF
      14450 Industry Cir, La Mirada, CA 90638-5811
      View Details
    • Value Estimation
      $1,200,000
      112,812 SF

      14489 Industry Cir

      WAREHOUSE, STORAGE • 112,812 SF
      14489 Industry Cir, La Mirada, CA 90638-5812
      View Details
    • Value Estimation
      $405,000
      8,750 SF

      17011 Industry Pl

      WAREHOUSE, STORAGE • 8,750 SF
      17011 Industry Pl, La Mirada, CA 90638-5819
      View Details
    • Value Estimation
      $1,180,000
      120,183 SF

      14930 Northam St

      WAREHOUSE, STORAGE • 120,183 SF
      14930 Northam St, La Mirada, CA 90638-5749
      View Details

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      La Mirada Warehouse - 130,459 SF

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    16111 Canary Ave
    La Mirada, CA 90638-5510
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    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
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