12666 Studebaker Rd Norwalk, CA 90650
Property profile & analytics
12666 Studebaker Rd, Norwalk, CA 90650
- Retail space
- 17,000 SF
- 1.51 lot acres
Property ID
US09-6361452
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 12666 Studebaker Rd
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 1.51 lot acres
- Zone code
- NOC1*
- Property type
- Retail space
- APN
- 8050-032-032
- APU
- 8050032032
Description
This exceptional investment opportunity presents a brand-new, 2024-built Raising Cane's restaurant in Norwalk, California. The property boasts a 15-year absolute NNN ground lease with a prominent location at the signalized intersection of Imperial Hwy. and Studebaker Rd., experiencing over 66,000 vehicles daily. The 3,705 square foot building sits on a substantial 1.6-acre lot (65,969 sq ft), featuring a double drive-thru capable of accommodating 22 vehicles. With 41 parking spaces and a state-of-the-art design, this property offers significant revenue potential. The strong demographics of the area, including a population exceeding 245,000 within a 3-mile radius and average household incomes over $112,000, further enhance its appeal. The property's strategic location near major freeways (Interstate 105 and 605) and established retail centers like Costco and Stater Bros. ensures high visibility and accessibility. The asking price is $9,995,000, representing a 4.50% cap rate with a current NOI of $450,000. This is a 1031 exchange eligible offering, with a single-tenant occupancy of 100% and a permitted zoning of NOC1. The property's APN is 8050-032-032. This is a truly exceptional opportunity for a passive, long-term investment in a high-traffic, high-growth area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Los Angeles
- State
- California
- Longitude
- -118.099
- Latitude
- 33.9166
- 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
$74,114
$2,800,000
$2,450,000
$5,250,000
-
$0.00
$0.00
$0.00
