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Property profile & analytics
OFF-MARKET
Estimated value
$50,785,000
Warehouses
12928 Midway Pl Cerritos, CA 90703
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8717194
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
TILT-UP CONCRETE
Total area
161,650 SF
Lot
6.25 ac (272,400 SF)
Zoning code
CEM(D1)*
APN
7010-015-056
UPID
US09-8717194
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$50.79M
CAP Approach
CAP
$32.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.79M
Owner & transaction history
Rexford Industrial Midway Lllp · 2 yrs held
Rexford Industrial Midway Lllp
since 2024
Last sale
$50.8M
5 recorded transactions
Zoning & alternative use
CEM(D1)* · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$74.8M
+52.2%
Medical building
$73.5M
+49.6%
Office building
$72.5M
+47.6%
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 Cerritos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cerritos 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
$50,785,000
ML approach
$50,785,000
CAP Approach
CAP Return
Estimation
6%
$35,055,000
6.5%
$32,360,000
7%
$30,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$49,130,000
Current use
AUTO REPAIR, GARAGE
$74,770,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$73,485,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$72,505,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$71,255,000
Change: +45% · Conversion: Moderate
COMMERCIAL (GENERAL)
$49,945,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$50.79M
Range $45.71M – $55.86M · ±10% · vs last sale $50.78M (Mar 29 2024)
Last sale anchor
$50.78M
Mar 29 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
$314 / 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
$507,854
Tax year 2024
Assessed value
$41,928,120
Assessed 2024
Previous assessed
$41,928,120
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$28,090,800
Assessed improvement
$13,837,320
Applied tax rate
2.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
161,650 SF
Lot
6.25 ac (272,400 SF)
Zoning code
CEM(D1)*
APN
7010-015-056
UPID
US09-8717194
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CEM(D1)* · Cerritos, CA
Zoning CEM(D1)* · permitted uses
CEM(D1)* · Cerritos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cerritos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$49.1M
AUTO REPAIR, GARAGE
Est. value
$74.8M
MEDICAL BUILDING
Est. value
$73.5M
OFFICE BUILDING
Est. value
$72.5M
RETAIL STORES
Est. value
$71.3M
COMMERCIAL (GENERAL)
Est. value
$49.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
6.25 ac
Current owner
From public records · entity-resolved
Rexford Industrial Midway Lllp
Entity
Free & Clear · 2 yrs held
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$50,782,500
Rexford Industrial Midway Lllp
Wpt Midway Place LP
Grant Deed
—
Dec 2, 2021
—
Wpt Midway Place LP
—
Deed
related
—
Apr 8, 2019
$27,700,000
Wpt Midway Place LP
Cshv Midway LLC
Grant Deed
—
Sep 8, 2008
—
Cshv Midway LLC
Csdv
Grant Deed
—
—
—
Cshv Midway LLC
—
Deed Of Trust
related
$6,600,000 · 40/86 Mtg Cap
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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