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    11255 12th S Normandie Ave Los Angeles, CA 90044-1327
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    Property profile & analytics

    11255 12th S Normandie Ave, Los Angeles, CA 90044-1327

    View on Map
    • Grocery and convenience stores
    • 2,030 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US09-8586803
    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.
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7-Eleven / Grocery & Convenience Store
    • Western Union / Bank / Credit Union

    Property Details for 11255 12th S Normandie Ave

    Year built
    2014
    Construction
    TILT-UP CONCRETE
    Lot size
    0.30 lot acres
    Zone code
    LCC3*
    Property type
    Grocery and convenience stores
    APN
    6077-017-028
    APU
    6077017028

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2019 — Insite Towers Development LLC — Deed · related $599.5M · Deutsche Bank Trust Co Americas
    Feb 10, 2016 $195,000 Iwg-tla Telecom LLC San Bernardino Project 1 LLC Grant Deed —
    Aug 27, 2015 $2,950,000 San Bernardino Project 1 LLC Ca7e Normandie LLC Grant Deed —
    Aug 27, 2015 — San Bernardino Project 1 LLC 11255 Tower LLC Quit Claim Deed · related —
    Mar 25, 2014 $840,000 Ca7e Normandie LLC 11255 S Normandie LLC Grant Deed $1.4M · Vectra Bk/co
    Oct 24, 2007 $540,000 11255 S Normandie LLC Park,heesok Grant Deed $455k · Us Metro Bank
    Jun 24, 1996 — Eun C Park Park,j O Quit Claim Deed · related —
    Jun 24, 1996 $94,500 Park,heesok Jo,sharon Trustees Deed $189k · Saehan Bank
    — — 11255 S Normandie LLC — Deed Of Trust · related $60k · Hodori Dev
    — — Heesok Park — Deed Of Trust · related $164k · Saehan Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $801,000
      Market price range: $281k - $802k
      AI Estimate
      $422,000
      Market price range: $115k - $422k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $565,000
      Current use
      MEDICAL BUILDING
      $925,000
      Change: +64% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $860,000
      Change: +52% Conversion: Moderate
      WAREHOUSE, STORAGE
      $570,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.301
    Latitude
    33.9313
    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
    $42,057
    $1,160,583
    $2,263,141
    $3,423,724
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $615,000
      1,586 SF

      11100 Vermont Ave

      GROCERY, SUPERMARKET
      11100 Vermont Ave, Los Angeles, CA 90044-1511
      View Details
    • Value Estimation
      $4,735,000
      25,591 SF

      8620 Orch Ave

      GROCERY, SUPERMARKET
      8620 Orch Ave, Los Angeles, CA 90044-6420
      View Details
    • Value Estimation by Request
      750 SF

      11839 Vermont Ave

      GROCERY, SUPERMARKET
      11839 Vermont Ave, Los Angeles, CA 90044-4051
      View Details
    • Value Estimation
      $6,400,000
      32,193 SF

      11922 Vermont Ave

      GROCERY, SUPERMARKET
      11922 Vermont Ave, Los Angeles, CA 90044-4054
      View Details
    • Value Estimation
      $10,850,000
      53,749 SF

      1100 Slauson Ave

      GROCERY, SUPERMARKET
      1100 Slauson Ave, Los Angeles, CA 90044-3710
      View Details
    • Value Estimation
      $3,915,000
      12,000 SF

      8137 Vermont Ave

      GROCERY, SUPERMARKET
      8137 Vermont Ave, Los Angeles, CA 90044-3535
      View Details

    Similar Nearby for Sale

    • $900,000
      2,600 SF

      Mixed-Use Investment Opportunity in Los Angeles

      Stabilized mixed-use property with retail and residential income.
      9819 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      1,620 SF

      Established Market in High-Traffic Area

      Market with permits, equipment, and income in Los Angeles.
      10201 S Vermont, Los Angeles, CA 90044
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    • $895,000
      2,480 SF

      Los Angeles Commercial Building For Sale

      Commercial building for sale in Los Angeles, California.
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    • $6,950,000
      Pending

      Los Angeles Commercial Opportunity

      Fee-simple real estate with two recession-resistant businesses and strong cash flow.
      10601 S Vermont, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space at Slauson & Vermont

      Retail and office spaces available off Slauson & Vermont.
      5857 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $2.00 SF/Yr

      Retail Space in South LA

      Retail space for lease in high-density South LA neighborhood.
      6418 Normandie Ave, Los Angeles, CA 90044
      View Details
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    Los Angeles, CA 90044-1327
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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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