Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15408 Cornet St Santa Fe Springs, CA 90670-5534

    • Manufacturing properties
    • 10,025 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2021
    $70,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8111476
    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

    • Manufacturing properties

    Property Details for 15408 Cornet St

    Year built
    1964
    Construction
    TILT-UP CONCRETE
    Lot size
    0.79 lot acres
    Property size
    10,025 SF
    Zone code
    SSM2*
    Property type
    Manufacturing properties
    APN
    7005-004-034
    APU
    7005004034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Fe Springs
    County
    Los Angeles
    State
    California
    Longitude
    -118.049
    Latitude
    33.8906
    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
    $14,924
    $617,176
    $474,853
    $1,092,029
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      27.00 Acres

      Santa Fe Springs, CA 90670

      PROCESSING PLANT (CEMENT, GRAVEL) • 27.00 Acres
      Santa Fe Springs, CA 90670
      View Details
    • Value Estimation
      $5,115,000
      43,868 SF

      9835 Santa Fe Spgs Rd

      MANUFACTURING (LIGHT) • 43,868 SF
      9835 Santa Fe Spgs Rd, Santa Fe Springs, CA 90670-2945
      View Details
    • Value Estimation
      $1,590,000
      12,240 SF

      9632 Santa Fe Spgs Rd

      MANUFACTURING (LIGHT) • 12,240 SF
      9632 Santa Fe Spgs Rd, Santa Fe Springs, CA 90670-2918
      View Details
    • Value Estimation by Request
      2,160 SF

      9551 Santa Fe Spgs Rd

      MANUFACTURING (LIGHT) • 2,160 SF
      9551 Santa Fe Spgs Rd, Santa Fe Springs, CA 90670
      View Details
    • Value Estimation
      $3,480,000
      22,780 SF

      13662 Bora Dr

      MANUFACTURING (LIGHT) • 22,780 SF
      13662 Bora Dr, Santa Fe Springs, CA 90670-5006
      View Details
    • Value Estimation
      $2,455,000
      25,000 SF

      13821 Marquardt Ave

      MANUFACTURING (LIGHT) • 25,000 SF
      13821 Marquardt Ave, Santa Fe Springs, CA 90670-5016
      View Details

    Similar Nearby for Sale

    • $12,750,000
      35,476 SF

      Industrial Building in Santa Fe

      Industrial building with dock high and ground level doors.
      12636 Clark St, Santa Fe Springs, CA 90670
      View Details
    • $7,350,000
      17,174 SF

      Free-Standing Food Production Building

      Free-standing building with freezer, cooler, and production areas.
      13168 Sandoval St, Santa Fe Springs, CA 90670
      View Details
    • Contact for pricing

      Corner Flex Space Available Now

      Flex space with fenced yard and private offices for sale.
      13090 Park St, Santa Fe Springs, CA 90670
      View Details
    • Contact for pricing
      3,000 SF

      Santa Fe Springs Flex Space

      Flex space available in Santa Fe Springs, California.
      13536 E Imperial Hwy, Santa Fe Springs, CA 90670
      View Details
    • Contact for pricing
      13,569 SF

      Freestanding Industrial Building For Sale

      Freestanding industrial building with deluxe office space and low OPEX.
      13201 Barton Cir, Whittier, CA 90670
      View Details
    • $2,160,700
      6,355 SF

      Santa Fe Springs Flex Building

      Multi-tenant flex building with freeway access in Santa Fe Springs.
      13001 Los Nietos Rd, Santa Fe Springs, CA 90670
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      125,229 SF

      Santa Fe Springs Industrial Space

      Large Manufacturing/Distribution Space Available
      12858 Florence Ave, Santa Fe Springs, CA 90670
      View Details
    • $1.29 SF/Yr
      20,000 SF

      Manufacturing Building with Refurbishment Underway

      Low-cost manufacturing building with side yard and ample power.
      12848 Imperial Hwy, Santa Fe Springs, CA 90670
      View Details
    • $1.30 SF/Yr
      17,265 SF

      Industrial/Manufacturing Space Available

      Industrial/Manufacturing space featuring modern office, climate control, and updated features.
      8339 Allport Ave, Santa Fe Springs, CA 90670
      View Details
    • $16 SF/Yr
      69,000 SF

      Best Avenue Centre: Santa Fe Springs

      69,000 SF Industrial Space Available
      14502 Best Ave, Santa Fe Springs, CA 90670
      View Details
    • $1.19 SF/Yr
      23,650 SF

      Industrial Building with Fenced Yard

      Freestanding industrial building with heavy power and large fenced yard.
      14729 Spring Ave, Santa Fe Springs, CA 90670
      View Details
    • $1.40 SF/Yr
      8,331 SF

      Shoemaker Business Park Flex Space

      Industrial space in Shoemaker Business Park with freeway access.
      14944 Shoemaker Ave, Santa Fe Springs, CA 90670
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15408 Cornet St
    Santa Fe Springs, CA 90670-5534
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.