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Property profile & analytics
FOR LEASE
Parking lots & garages
12440 Imperial Hwy Norwalk, CA 90650
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6264521
For Lease
1 / 2
$555,000
12440 Imperial Hwy, Norwalk, CA 90650
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1971
Construction
TILT-UP CONCRETE
Total area
1,064 SF
Lot
6.12 ac (266,583 SF)
Zoning code
NOCO(PF)*
APN
8047-006-007
UPID
US09-6264521
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
-
Open House Realty Investment Inc Real Estate Agency
-
Nancy E. Lee, PsyD Physician Medical Clinic
-
Kasarabada Nagalakshmi Physician Medical Clinic
-
Baumann Eugene C Physician Medical Clinic
-
Robert G Winterbotham Law Ofcs Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Sonnenblick Del Rio Norwalk LLC · 6 yrs held
Sonnenblick Del Rio Norwalk LLC
since 2019
7 recorded transactions
Zoning & alternative use
NOCO(PF)* · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$650,000
+19.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$495,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$522 / 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
$210,410
Tax year 2024
Assessed value
$16,799,766
Assessed 2024
Previous assessed
$16,799,766
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$8,993,459
Assessed improvement
$7,806,307
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
Parking lots & garages
Use group
PARKING LOT
Status
For Lease
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
1,064 SF
Lot
6.12 ac (266,583 SF)
Zoning code
NOCO(PF)*
APN
8047-006-007
UPID
US09-6264521
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOCO(PF)* · Norwalk, CA
Zoning NOCO(PF)* · permitted uses
NOCO(PF)* · 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
PARKING LOT Current
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
OFFICE BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$490,000
MEDICAL BUILDING
Est. value
$485,000
PARKING LOT Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
6.12 ac
Current owner
From public records · entity-resolved
Sonnenblick Del Rio Norwalk LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3356 WILSHIRE DR, REDDING, CA 96002-2402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2019
$10,500,000
Sonnenblick Del Rio Norwalk LLC
S E C Downstairs LLC
Grant Deed
—
Mar 23, 2005
—
Norwalk Mm LLC
Owner Name Unavailable
Grant Deed
related
—
Nov 2, 2004
—
Sonnenblick Del Rio Norwalk Ll
Sonnenblick Del Rio Norwalk Ll
Quit Claim Deed
related
$47,000,000 · German American Capital Corp
May 1, 2003
—
Starwood O C Portfolio V LLC
—
Deed Of Trust
related
$27,000,000 · Lasalle National Bank
May 18, 1998
—
Starwood O C Portfolio V LLC
—
Deed Of Trust
related
$73,500,000 · Salomon Brothers Realty Corp
Feb 25, 1998
—
Starwood Oc Portfolio Vi LLC
Imperial Norwalk Centre Partnr
Grant Deed
related
—
Sep 19, 1989
$1,537,545
Norwalk Centre Ptnshp Imperial
Unknown
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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