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Property profile & analytics
OFF-MARKET
Estimated value
$19,190,000
Warehouses
16010 Shoemaker Ave Cerritos, CA 90703-2239
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0129442
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
115,600 SF
Lot
4.41 ac (192,087 SF)
Zoning code
CEADP1
APN
7005-005-098
UPID
US10-0129442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.19M
Owner & transaction history
Rexford Industrial Realty LP · 8 yrs held
Rexford Industrial Realty LP
since 2018
7 recorded transactions
Zoning & alternative use
CEADP1 · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cerritos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cerritos submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,070,000
6.5%
$23,140,000
7%
$21,490,000
Blend value · Realmo final
$19.19M
Range $17.27M – $21.11M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$241,272
Tax year 2024
Assessed value
$19,207,004
Assessed 2024
Previous assessed
$19,207,004
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$11,155,189
Assessed improvement
$8,051,815
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
115,600 SF
Lot
4.41 ac (192,087 SF)
Zoning code
CEADP1
APN
7005-005-098
UPID
US10-0129442
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CEADP1 · Cerritos, CA
Zoning CEADP1 · permitted uses
CEADP1 · Cerritos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cerritos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Rexford Industrial Realty LP
Entity
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2018
$17,218,000
Rexford Industrial Realty LP
Jlh Shoemaker Property LLC
Grant Deed
—
Jul 26, 2011
—
Jlh Shoemaker Property LLC
—
Deed Of Trust
related
$5,600,000 · Cathay Bank
Feb 24, 2011
—
Jlh Shoemaker Property LLC
Hao,james C
Quit Claim Deed
related
—
Nov 8, 2005
$9,710,500
James C Hao
Nshe Dillsburg LLC
Grant Deed
—
Nov 8, 2005
—
James C Hao
Hao,lydia T
Quit Claim Deed
related
—
Aug 31, 2005
—
James C Hao
Hao,lydia T
Quit Claim Deed
$6,797,280 · Cathay Bank
Mar 2, 1998
—
Plastics Mueller
Patrician,assocs
Grant Deed
related
—
—
—
James C Hao
—
Deed Of Trust
related
$5,778,873 · Cathay Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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