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    Property profile & analytics

    1501 Cerritos Ave Anaheim, CA 92805-6400

    • Warehouses
    • 401,301 SF
    • 16.09 lot acres
    OFF-MARKET
    Last Sale
    Oct 10, 2024
    $124,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2437239
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 1501 Cerritos Ave

    Year built
    1966
    Lot size
    16.09 lot acres
    Property size
    401,301 SF
    Property type
    Warehouses
    APN
    082-160-40
    APU
    8216040

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $100,080,000
      Market price range: $100M - $146M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $128,210,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $188,245,000
      Change: +47% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $179,010,000
      Change: +40% Conversion: Easy
      OFFICE BUILDING
      $172,160,000
      Change: +34% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $170,905,000
      Change: +33% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $160,685,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $152,405,000
      Change: +19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.892
    Latitude
    33.8118
    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
    $357,978
    $8,792,483
    $21,445,408
    $30,237,891
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,835,000
      160,512 SF

      1201 Cerritos Ave

      WAREHOUSE, STORAGE • 160,512 SF
      1201 Cerritos Ave, Anaheim, CA 92805-6414
      View Details
    • Value Estimation
      $2,335,000
      13,725 SF

      1340 Allec St

      WAREHOUSE, STORAGE • 13,725 SF
      1340 Allec St, Anaheim, CA 92805-6303
      View Details
    • Value Estimation
      $1,085,000
      6,016 SF

      1855 Santa Cruz St

      WAREHOUSE, STORAGE • 6,016 SF
      1855 Santa Cruz St, Anaheim, CA 92805-6731
      View Details
    • Value Estimation
      $1,395,000
      8,960 SF

      909 Arlee Pl

      WAREHOUSE, STORAGE • 8,960 SF
      909 Arlee Pl, Anaheim, CA 92805-5645
      View Details
    • Value Estimation
      $14,350,000
      86,400 SF

      1000 Ball Rd

      WAREHOUSE, STORAGE • 86,400 SF
      1000 Ball Rd, Anaheim, CA 92805-5917
      View Details
    • Value Estimation
      $895,000
      4,858 SF

      1150 Stanford Ct

      WAREHOUSE, STORAGE • 4,858 SF
      1150 Stanford Ct, Anaheim, CA 92805-6822
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,351 SF

      Anaheim Freestanding Industrial Building

      Freestanding building with office space and possible fenced yard.
      1351 S Lewis St, Anaheim, CA 92805
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    • $9,467,370
      1,775 SF

      Industrial Condo with Secured Yard

      Refurbished industrial condo with secured yard in Platinum Triangle.
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      18,410 SF

      Renovated Warehouse with Fenced Yard

      Freestanding building with large fenced yard near major freeways.
      333-501 E Cerritos Ave, Anaheim, CA 92805
      View Details
    • Contact for pricing
      24,538 SF

      Anaheim Industrial Park Property

      Industrial park property with single or multi-tenant occupancy options.
      309 East Ball Rd, Anaheim, CA 92805
      View Details
    • Contact for pricing
      16,948 SF

      Industrial Building with Fenced Yard

      Single-user industrial building with a large fenced yard.
      621-631 S East St, Anaheim, CA 92805
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    • Contact for pricing
      6,400 SF

      Anaheim Freestanding Industrial Building

      Freestanding building with fenced yards and upgraded office space.
      1024 E Arlee Pl, Anaheim, CA 92805
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    Similar Nearby for Lease

    • $1.15 SF/Yr
      15,000 SF

      Anaheim Warehouse Space Available

      Sublease warehouse space with dock high loading in Anaheim.
      900 E Vermont Ave, Anaheim, CA 92805
      View Details
    • Contact for pricing
      1,000 SF

      Anaheim Flex Space Available

      Multi-tenant building with immediate access to the 5 Freeway.
      1721-1759 S Claudina Way, Anaheim, CA 92805
      View Details
    • Contact for pricing
      117,502 SF

      Freestanding Industrial Building Available

      Renovated industrial building with office space in North Orange County.
      1771 S Lewis St, Anaheim, CA 92805
      View Details
    • Contact for pricing
      41,324 SF

      Anaheim Warehouse with Fenced Yard

      Available for sublease through July 2028 near multiple freeways.
      1222 E Howell Ave, Anaheim, CA 92805
      View Details
    • Contact for pricing
      14,195 SF

      Anaheim Warehouse with Showroom/Office Space

      Sublease opportunity with showroom, office, and warehouse space.
      240 E Palais Rd, Anaheim, CA 92805
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Anaheim, CA, currently 100% leased.
      1020 E Vermont Ave, Anaheim, CA 92805
      View Details
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    Anaheim, CA 92805-6400
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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.

    More about this property
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