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Property profile & analytics
OFF-MARKET
Estimated value
$10,800,000
Warehouses
12212 Bailey St Whittier, CA 90601-3922
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8297851
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
WOOD
Total area
56,363 SF
Lot
1.08 ac (47,065 SF)
Zoning code
WHM1*
APN
8140-028-011
UPID
US09-8297851
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
-
Spaceman Storage Storage Facility
-
911 Flood Damage Whittier Auto Repair Shop Auto Parts Store
-
Storage Corner Whittier Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.98M
CAP Approach
CAP
$7.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.80M
Owner & transaction history
B L Cheng California LLC · 3 yrs held
B L Cheng California LLC
since 2022
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
WHM1* · Whittier, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.3M
+9.8%
Retail stores
$16.5M
+4.5%
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 Whittier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whittier 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
$11,885,000
ML approach
$8,980,000
CAP Approach
CAP Return
Estimation
6%
$8,485,000
6.5%
$7,830,000
7%
$7,275,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,785,000
Current use
OFFICE BUILDING
$17,330,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$16,505,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$14,270,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$10.80M
Range $9.72M – $11.88M · ±10% · vs last sale $12.65M (Nov 8 2022)
Last sale anchor
$12.65M
Nov 8 2022
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
$192 / 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
$154,133
Tax year 2024
Assessed value
$12,903,000
Assessed 2024
Previous assessed
$12,903,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$10,200,000
Assessed improvement
$2,703,000
Applied tax rate
9.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Total area
56,363 SF
Lot
1.08 ac (47,065 SF)
Zoning code
WHM1*
APN
8140-028-011
UPID
US09-8297851
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WHM1* · Whittier, CA
Zoning WHM1* · permitted uses
WHM1* · Whittier, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whittier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.8M
OFFICE BUILDING
Est. value
$17.3M
RETAIL STORES
Est. value
$16.5M
INDUSTRIAL (GENERAL)
Est. value
$14.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1985
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
B L Cheng California LLC
Entity
Mailing address
319 STATE ST, LOS ALTOS, CA 94022-2816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 8, 2022
$12,650,000
B L Cheng California LLC
Storage Place Whittier LP
Grant Deed
$6,450,000 · First Republic Bank
May 21, 2021
$5,162,500
A Storage Place Whittier LP
Stephen R Schooler
Grant Deed
$5,775,000 · Miadcap Financial Trust
Sep 14, 2017
—
Helen M Schooler
—
Deed
related
$1,700,000 · Opus Bank
Oct 3, 2016
—
Helen M Schooler
Schooler,john M
Affidavit Of Death
related
—
May 19, 1972
—
—
—
Grant Deed
related
—
—
—
John Schooler
—
Deed Of Trust
related
$1,380,000 · Imperial Thrift & Loan
—
—
John M Schooler
—
Deed Of Trust
related
$1,700,000 · Commercial Capital Bank Fsb
—
—
Schooler John M
—
Deed Of Trust
related
$1,500,000 · First Western Mortgage
—
—
Helen M Schooler
—
Deed Of Trust
related
$1,700,000 · Opus Bank
—
—
John M Schooler
—
Deed Of Trust
related
$1,500,000 · La Jolla Savings Bank
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.
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