Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12115 Paramount Blvd Downey, CA 90242-2309

    • Office buildings
    • 4,000 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2020
    $1,300,013
    Value Estimations
    $1,675,000
    Show details
    Cap Rate Potential
    5.8%
    Office buildings
    Location Intelligence
    Property ID
    US09-6268729
    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

    • Narine Khachatrian, LAC / Acupuncture Clinic
    • FMR Quality Pain Management / Pain Management Physician
    • Dr. A Michael Mohemani / Orthopedic Surgeon
    • Tien N. Bao, DC / Chiropractor
    • Medical Net / Physical Therapy Clinic

    Property Details for 12115 Paramount Blvd

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    4,000 SF
    Zone code
    DOC4*
    Property type
    Office buildings
    APN
    6246-008-006
    APU
    6246008006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,680,000
      ML approach
      $1,555,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,630,000
      6.5%
      $1,505,000
      7%
      $1,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,681,000
      Market price range: $645k - $1.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Downey
    County
    Los Angeles
    State
    California
    Longitude
    -118.147
    Latitude
    33.9317
    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
    $18,135
    $636,724
    $742,845
    $1,379,569
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $270,000
      6,036 SF

      12942 Paramount Blvd

      OFFICE BUILDING • 6,036 SF
      12942 Paramount Blvd, Downey, CA 90242
      View Details
    • Value Estimation
      $1,610,000
      2,964 SF

      12105 Paramount Blvd

      OFFICE BUILDING • 2,964 SF
      12105 Paramount Blvd, Downey, CA 90242-2309
      View Details
    • Value Estimation
      $535,000
      158,058 SF

      12254 Bellflower Blvd

      OFFICE BUILDING • 158,058 SF
      12254 Bellflower Blvd, Downey, CA 90242-2804
      View Details
    • Value Estimation
      $125,000
      775 SF

      12400 Paramount Blvd

      OFFICE BUILDING • 775 SF
      12400 Paramount Blvd, Downey, CA 90242-3717
      View Details
    • Value Estimation
      $325,000
      3,150 SF

      12063 Paramount Blvd

      OFFICE BUILDING • 3,150 SF
      12063 Paramount Blvd, Downey, CA 90242-2337
      View Details
    • Value Estimation
      $600,000
      201,600 SF

      12830 Columbia Way

      OFFICE BUILDING • 201,600 SF
      12830 Columbia Way, Downey, CA 90242-4720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,036 SF

      Downey Office Space: 9,036 SF

      Executive suites in prime Downey location. Ideal for growing businesses.
      8607 Unit 106, Downey, CA 90242
      View Details
    • $464,999
      955 SF

      Downey Condo Near Golf Course

      Stylish condo in Downey's Park Meadow, near Los Amigos Golf Course.
      7340 Quill Dr, Downey, CA 90242
      View Details
    • $499,900

      Gated Community 2-Bedroom Condo

      Charming 2-bedroom condo in a secure, gated community.
      7300 Quill Dr, Downey, CA 90242
      View Details
    • $3,250,000

      Free-Standing Retail Property in Downey

      Versatile retail property with open floor plan and ample parking.
      12912 Paramount Blvd, Downey, CA 90242
      View Details
    • $2,325,000

      Downey Townhomes with Garage

      Six townhouse-style units with garages in Downey, California.
      8105 Orange St, Downey, CA 90242
      View Details
    • $2,500,000
      5,424 SF

      Downey Multifamily Investment Opportunity

      8-unit complex in Downey with 10 bedrooms and 10 bathrooms.
      8324 Alameda St, Downey, CA 90242
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Erickson Avenue Office Building

      Fully leased office building in Downey, California.
      12620 Erickson Ave, Downey, CA 90242
      View Details
    • $1,400 /Mo

      Remodeled Downey Office Space Available

      Executive office in Downey, ideal for small businesses.
      8607 Imperial 106, Downey, CA 90242
      View Details
    • $1.55 SF/Yr
      126,381 SF

      Rancho Business Center Warehouse Space

      Warehouse space with cooler, racking, and fenced yard available.
      7475-7485 Flores St, Downey, CA 90242
      View Details
    • $1.79 SF/Yr
      6,265 SF

      Downey Warehouse Space Available

      Industrial warehouse space for lease in Rancho Business Center.
      12707 Rives Ave, Downey, CA 90242
      View Details
    • $1.35 SF/Yr
      3,200 SF

      Downey Warehouse with Office Space

      Multi-tenant building with improved office and warehouse space for rent.
      12412-12422 Benedict Ave, Downey, CA 90242
      View Details
    • Contact for pricing
      28,000 SF

      Crane Served Industrial Facility

      Crane served industrial facility with flexible configurations available for sublease.
      13217 Laureldale Ave, Downey, CA 90242
      View Details
    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.
    12115 Paramount Blvd
    Downey, CA 90242-2309
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.