Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Commercial kitchens
12155 Firestone Blvd Norwalk, CA 90650-4360
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-9589044
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1950
Construction
WOOD
Total area
1,503 SF
Lot
0.24 ac (10,457 SF)
Zoning code
NOC3*
APN
8056-007-001
UPID
US09-9589044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Burger Basket Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Flames Burger Basket INC · 2 yrs held
Flames Burger Basket INC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
NOC3* · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$980,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Feb 23 2024)
Last sale anchor
$900k
Feb 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$599 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,223
Tax year 2024
Assessed value
$918,000
Assessed 2024
Previous assessed
$918,000
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$663,000
Assessed improvement
$255,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
1,503 SF
Lot
0.24 ac (10,457 SF)
Zoning code
NOC3*
APN
8056-007-001
UPID
US09-9589044
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOC3* · Norwalk, CA
Zoning NOC3* · permitted uses
NOC3* · Norwalk, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Flames Burger Basket INC
Entity
Mailing address
12155 FIRESTONE BLVD, NORWALK, CA 90650-4360
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
Flames Burger Basket INC
Mjdw Investment LLC
Lease
$333,000 · Business Finance Capital
Feb 23, 2024
$900,000
Mjdw Investment LLC
Sung And Hwang INC
Grant Deed
$19,653,308 · Velocity Commercial Capital LLC
Aug 11, 2022
$900,000
Sung And Hwang INC
Min Chai INC
Grant Deed
$700,000 · Hanmi Bank
Nov 8, 2018
$700,000
Min Chai INC
W & H Grill INC
Grant Deed
$630,000 · Bank Of Hope
Jul 31, 2017
$700,000
W & H Grill INC
Spiros D Hondrogiannis
Grant Deed
$655,000 · Uniti Bank
May 12, 1998
—
Geoffrey Price
Price G E Trustee,
Quit Claim Deed
related
—
May 12, 1998
$110,000
Hondrogiannis,spiro S & Stephani
Price,geoffrey & Stanford C
Trustees Deed
—
Jul 31, 1997
—
Price,gloria S Trustee
Price,g H
Quit Claim Deed
related
—
Sep 13, 1994
—
Price Richard L
Price,r & D
Quit Claim Deed
related
—
Dec 9, 1992
—
Price,robert E Tr
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12155 Firestone Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
