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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15624 Lakewood Blvd Bellflower, CA 90706-4244

    • Office buildings
    • 4,404 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8525203
    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

    • Office buildings

    Property Details for 15624 Lakewood Blvd

    Year built
    1997
    Construction
    TILT-UP CONCRETE
    Lot size
    0.27 lot acres
    Property size
    4,404 SF
    Zone code
    BFCG*
    Property type
    Office buildings
    APN
    6271-003-031
    APU
    6271003031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,168,000
      Market price range: $1.01M - $1.83M
      AI Estimate
      $617,000
      Market price range: $295k - $1.28M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,465,000
      Current use
      COMMERCIAL (GENERAL)
      $1,330,000
      Change: -9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,315,000
      Change: -10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,295,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $1,290,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellflower
    County
    Los Angeles
    State
    California
    Longitude
    -118.142
    Latitude
    33.8917
    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
    $10,209
    $238,949
    $507,231
    $746,180
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,870,000
      5,260 SF

      10054 Alondra Blvd

      OFFICE BUILDING • 5,260 SF
      10054 Alondra Blvd, Bellflower, CA 90706-3900
      View Details
    • Value Estimation
      $955,000
      4,980 SF

      10336 Alondra Blvd

      OFFICE BUILDING • 4,980 SF
      10336 Alondra Blvd, Bellflower, CA 90706-4004
      View Details
    • Value Estimation
      $760,000
      3,135 SF

      10001 Artesia Blvd

      OFFICE BUILDING • 3,135 SF
      10001 Artesia Blvd, Bellflower, CA 90706-6715
      View Details
    • Value Estimation
      $1,735,000
      9,211 SF

      17055 Bellflower Blvd

      OFFICE BUILDING • 9,211 SF
      17055 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Value Estimation by Request
      924 SF

      16822 Clark Ave

      OFFICE BUILDING • 924 SF
      16822 Clark Ave, Bellflower, CA 90706-5702
      View Details
    • Value Estimation
      $525,000
      2,424 SF

      17120 Clark Ave

      OFFICE BUILDING • 2,424 SF
      17120 Clark Ave, Bellflower, CA 90706-5730
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leased Office Building For Sale

      100% leased office building in Bellflower, CA.
      10230 Artesia Blvd, Bellflower, CA 90706
      View Details
    • $2,725,000
      4,591 SF

      Bellflower Office Building For Sale

      NNN leased investment property with recent renovations and strong lease.
      10329 Artesia Blvd, Bellflower, CA 90706
      View Details
    • $3,450,000
      15,040 SF

      Bellflower Office Building For Sale

      Iconic three-story office building in the heart of Bellflower, California.
      16600 Woodruff Ave, Bellflower, CA 90706
      View Details
    • $799,000
      1,485 SF

      Bellflower Office Building - $799K

      Prime Office Space, High Traffic Area
      9349 Somerset Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Established Realty Business For Sale

      76-year-old realty business with leased space and equipment included.
      10001 Artesia Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing
      800 SF

      Bellflower Office Building - 800 SF

      Prime Bellflower office space, 0.23-acre lot. Great investment opportunity.
      14766 Blvd, Bellflower, CA 90706
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      9,430 SF

      Bellflower Office Space For Rent

      Second floor office space available for rent in Bellflower, CA.
      17660 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Mixed-Use Project in Downtown Bellflower

      Mixed-use project with apartments and retail space near future Metro.
      16411 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • $2 SF/Yr
      450 SF

      Retail Space Available For Rent

      Retail space for rent, includes internet and parking spaces.
      16117-16119 Clark Ave, Bellflower, CA 90706
      View Details
    • $24 SF/Yr
      9,430 SF

      Bellflower Retail Space For Lease

      9,430 SF Retail Space - High Visibility
      17660 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • $27 SF/Yr
      2,800 SF

      Bellflower Blvd Retail Spaces

      Prime Bellflower retail, 2 spaces available.
      14760 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • $1.35 SF/Yr
      1,778 SF

      Bellflower Industrial Unit For Rent

      Centrally located industrial unit with access to major freeways.
      15000 Lakewood Blvd, Bellflower, CA 90706
      View Details
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    Bellflower, CA 90706-4244
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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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