Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15503 Blackburn Ave Norwalk, CA 90650
    Back to Search
    Property profile & analytics

    15503 Blackburn Ave Norwalk, CA 90650

    View on Map
    • Warehouses
    • 20,024 SF
    • 1.10 lot acres
    For Sale
    $2,685,000
    View Listing →
    Freestanding Leased Investment Opportunity For Sale
    $2,685,000
    20,004 SF

    Freestanding Leased Investment Opportunity

    Freestanding building in Norwalk, CA, 100% leased with fenced yard.

    15503 Blackburn Ave, Norwalk, CA
    View Listing
    Property ID
    US09-6293450
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MINER Docks, Doors, and More / Construction Company / General Contractor

    Property Details for 15503 Blackburn Ave

    Year built
    1977
    Construction
    TILT-UP CONCRETE
    Lot size
    1.10 lot acres
    Property size
    20,024 SF
    Zone code
    NOM2*
    Property type
    Warehouses
    APN
    8082-033-027
    APU
    8082033027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Los Angeles
    State
    California
    Longitude
    -118.059
    Latitude
    33.8905
    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
    $27,019
    $1,084,577
    $839,166
    $1,923,743
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,190,000
      9,324 SF

      12948 Pioneer Blvd

      WAREHOUSE, STORAGE • 9,324 SF
      12948 Pioneer Blvd, Norwalk, CA 90650-2860
      View Details
    • Value Estimation
      $1,455,000
      7,694 SF

      14114 Shoemaker Ave

      WAREHOUSE, STORAGE • 7,694 SF
      14114 Shoemaker Ave, Norwalk, CA 90650-8975
      View Details
    • Value Estimation
      $21,575,000
      179,712 SF

      15625 Shoemaker Ave

      WAREHOUSE, STORAGE • 179,712 SF
      15625 Shoemaker Ave, Norwalk, CA 90650-6862
      View Details
    • Value Estimation
      $8,880,000
      72,000 SF

      15510 Blackburn Ave

      WAREHOUSE, STORAGE • 72,000 SF
      15510 Blackburn Ave, Norwalk, CA 90650
      View Details
    • Value Estimation
      $1,690,000
      8,516 SF

      11250 Firestone Blvd

      WAREHOUSE, STORAGE • 8,516 SF
      11250 Firestone Blvd, Norwalk, CA 90650-2201
      View Details
    • Value Estimation
      $1,765,000
      9,431 SF

      14100 Shoemaker Ave

      WAREHOUSE, STORAGE • 9,431 SF
      14100 Shoemaker Ave, Norwalk, CA 90650-4537
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,004 SF

      Freestanding Leased Investment Opportunity

      Freestanding building in Norwalk, CA, 100% leased with fenced yard.
      15503 Blackburn Ave, Norwalk, CA 90650
      View Details
    • Contact for pricing
      40,000 SF

      Norwalk Office and Warehouse Space

      40,000 SqFt office and warehouse space for sale in Norwalk.
      13620 Excelsior Dr, Norwalk, CA 90650
      View Details
    • Contact for pricing
      28,730 SF

      Secured Yard with Warehouse

      Large fenced yard with warehouse and excellent freeway access.
      14000 Gracebee Ave, Norwalk, CA 90650
      View Details
    • Contact for pricing
      7,781 SF

      Industrial Asset with Yard

      Multi-tenant industrial property with yard and signage potential.
      13820-13824 Shoemaker Ave, Norwalk, CA 90650
      View Details
    • $1,460,000

      Industrial Lot with Residence

      Large lot with residence, approved for light industrial, manufacturing.
      11830 161St St, Norwalk, CA 90650
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Norwalk Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Norwalk.
      13538 Pumice St, Norwalk, CA 90650
      View Details
    • Contact for pricing
      7,900 SF

      Norwalk Warehouse with Spray Booth

      Warehouse with permitted spray booth and mezzanine storage for rent.
      14011 Gracebee Ave, Norwalk, CA 90650
      View Details
    • $1.39 SF/Yr
      2,380 SF

      Industrial Unit with Upgraded Flooring

      Recently renovated industrial unit featuring upgraded epoxy flooring.
      13562 Pumice St, Norwalk, CA 90650
      View Details
    • Contact for pricing
      40,909 SF

      Norwalk Warehouse Space Available

      Sublease warehouse space with dock high doors and parking.
      14820 Carmenita Rd, Norwalk, CA 90650
      View Details
    • Contact for pricing

      Norwalk Industrial Space Sublease

      Industrial space available for sublease in Norwalk Industrial Park.
      15529-15537 Blackburn Ave, Norwalk, CA 90650
      View Details
    • Contact for pricing

      Freestanding Building with Dock Loading

      Freestanding building with rare dock high loading and fenced yard.
      12825 Alondra Blvd, Norwalk, CA 90650
      View Details
    View Listing
    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.
    15503 Blackburn Ave
    Norwalk, CA 90650
    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

    Thank You for Inquiry
    15503 Blackburn Ave, Norwalk, CA, 90650
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!