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    14121 Shoemaker Ave Norwalk, CA 90650-4556
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    Property profile & analytics

    14121 Shoemaker Ave, Norwalk, CA 90650-4556

    View on Map
    • Apartment buildings
    • 62,829 SF
    • 2.38 lot acres
    Off-Market
    Last Sale Aug 10, 2021
    $22,500,225
    Property ID
    US09-8593898
    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.
    Value Estimations
    $22,105,000
    Show details
    Cap Rate Potential
    4.9%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Shoemaker Court Apartments / Apartment Complex

    Property Details for 14121 Shoemaker Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    2.38 lot acres
    Zone code
    NOR3-P*
    Property type
    Apartment buildings
    APN
    8046-002-029
    APU
    8046002029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2025 — Shoemaker Investor I LLC — Deed · related $14.9M · Mizrahi Tefahot Bank Ltd
    Oct 15, 2021 — Shoemaker Investor 1 LLC — Deed · related $17.3M · Readycap Commercial LLC
    Aug 10, 2021 $22,500,000 Shoemaker Investor 1 LLC Shoemaker Court Apartments LP Grant Deed —
    Dec 2, 2019 — Shoemaker Court Apartments LLC — Deed · related $4.7M · Joe Clark
    Oct 24, 2001 — Shoemaker Court Apts Whelan,j F Grant Deed · related —
    Sep 26, 1997 — Nena M Clark Clark,j R Quit Claim Deed · related —
    Apr 29, 1996 $1,980,000 Home Savings Of America Valchi,donald J & Traude M Trustees Deed · related —
    — — Shoemaker Court Apartments LLC — Deed Of Trust · related $4.7M · Joe Clark
    — — Shoemaker Court Apartments LLC — Deed Of Trust · related $2M · Berkshire Mortgage Finance Co
    — — John F Whelan — Deed Of Trust · related $1.9M · Home Savings Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,505,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,775,000
      6.5%
      $15,480,000
      7%
      $14,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,910,000
      Market price range: $9.27M - $22.9M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $17,435,000
      Current use
      OFFICE BUILDING
      $29,220,000
      Change: +68% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $29,060,000
      Change: +67% Conversion: Difficult
      MEDICAL BUILDING
      $28,560,000
      Change: +64% Conversion: Moderate
      RETAIL STORES
      $22,615,000
      Change: +30% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $19,415,000
      Change: +11% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Los Angeles
    State
    California
    Longitude
    -118.056
    Latitude
    33.9032
    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
    $301,861
    $14,045,400
    $9,378,950
    $23,424,350
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      11645 Firestone Blvd

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    • Value Estimation
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      23,184 SF

      14333 Helwig Ave

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    • Value Estimation
      $1,355,000
      7,341 SF

      12122 Imperial Hwy

      APARTMENT HOUSE (5+ UNITS)
      12122 Imperial Hwy, Norwalk, CA 90650-3008
      View Details
    • Value Estimation
      $2,290,000
      19,127 SF

      12736 Kalnor Ave

      APARTMENT HOUSE (5+ UNITS)
      12736 Kalnor Ave, Norwalk, CA 90650-3071
      View Details

    Similar Nearby for Sale

    • New
      $2,485,000
      6,775 SF

      Eight-Unit Apartment Building with Separate Meters

      All 2-bedroom, 1-bath units with separate gas and electric meters and recent exterior improvements for steady rental income.
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      Norwalk Six-Unit Multifamily Investment

      Six-unit property in Norwalk with strong rental income potential.
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      Norwalk Triplex Investment Opportunity

      Well-maintained triplex in Norwalk with strong income potential.
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    • $1,098,000

      Mixed-Use Complex on Firestone Blvd

      Mixed-use property with retail storefronts and residential units.
      11979 Firestone Blvd, Norwalk, CA 90650
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    • $1,460,000
      0.23 Acres

      Norwalk Commercial Lot with Residence

      Large lot with residence, approved for light industrial, manufacturing.
      11830 161St St, Norwalk, CA 90650
      View Details
    • New
      $1,250,000
      4,050 SF

      Norwalk Mixed-Use Property For Sale

      Mixed-use property with commercial and residential potential in Norwalk, CA.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space in Norwalk

      High-traffic shopping center with strong demographics and anchor tenants.
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      Norwalk Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Norwalk.
      13538 Pumice St, Norwalk, CA 90650
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    • Contact for pricing
      6,000 SF

      Norwalk Retail Space Available

      6,000 sqft retail space for rent in Norwalk, CA.
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    • Contact for pricing
      64,036 SF

      Norwalk Warehouse Space Available

      Sublease warehouse space with dock high doors and parking.
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    • Contact for pricing

      Norwalk Retail Spaces Available

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      View Details
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    Norwalk, CA 90650-4556
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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