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    Property profile & analytics

    16051 Whittier Blvd Whittier, CA 90603

    • Retail space
    • 16,067 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    Sep 09, 2024
    $4,000,000
    Value Estimations
    $4,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6474491
    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

    • Retail space

    Property Details for 16051 Whittier Blvd

    Year built
    1959
    Lot size
    1.93 lot acres
    Property size
    16,067 SF
    Zone code
    WHC2YY
    Property type
    Retail space
    APN
    8233-014-017
    APU
    8233014017

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,925,000
      6.5%
      $5,470,000
      7%
      $5,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,719,000
      Market price range: $2.72M - $7.64M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,705,000
      Current use
      AUTO REPAIR, GARAGE
      $6,270,000
      Change: +33% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,820,000
      Change: +24% Conversion: Moderate
      OFFICE BUILDING
      $4,940,000
      Change: +5% Conversion: Easy
      WAREHOUSE, STORAGE
      $4,500,000
      Change: -4% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,070,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Whittier
    County
    Los Angeles
    State
    California
    Longitude
    -117.987
    Latitude
    33.9426
    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
    $18,263
    $523,960
    $300,429
    $824,389
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $720,000
      2,689 SF

      10250 Colima Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,689 SF
      10250 Colima Rd, Whittier, CA 90603-2061
      View Details
    • Value Estimation
      $2,545,000
      18,027 SF

      16310 Whittier Blvd

      RETAIL STORES (PERSONAL SERVICES) • 18,027 SF
      16310 Whittier Blvd, Whittier, CA 90603-2907
      View Details
    • Value Estimation
      $1,335,000
      9,168 SF

      15918 Whittier Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,168 SF
      15918 Whittier Blvd, Whittier, CA 90603-2523
      View Details
    • Value Estimation
      $1,210,000
      5,389 SF

      10207 Colima Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,389 SF
      10207 Colima Rd, Whittier, CA 90603
      View Details
    • Value Estimation
      $1,080,000
      17,110 SF

      16400 Whittier Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,110 SF
      16400 Whittier Blvd, Whittier, CA 90603-3043
      View Details
    • Value Estimation
      $11,855,000
      34,044 SF

      15214 Whittier Blvd

      RETAIL STORES (PERSONAL SERVICES) • 34,044 SF
      15214 Whittier Blvd, Whittier, CA 90603-1364
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,064 SF

      Freestanding Retail Building on Whittier

      9,064 SF retail property with high-traffic visibility.
      15250 Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing
      9,064 SF

      Retail Space For Sale

      Retail space available for purchase in Whittier, California.
      15250 Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing
      9,275 SF

      Whittier Blvd Commercial Property

      Commercial property on Whittier Blvd with strong market fundamentals.
      16417 Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing
      5,428 SF

      Two-Story Professional Building For Sale

      Well-maintained, fully occupied professional building near Whittwood Towne Center.
      16336 Whittier Ave, Whittier, CA 90603
      View Details
    • Contact for pricing

      Retail Space on Whittier Boulevard

      10,800 SF retail space on a major retail corridor.
      16041 Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing
      4,316 SF

      Turnkey Restaurant Property in Whittier

      Fully equipped restaurant with high visibility and ample parking.
      16503 Whittier Blvd, Whittier, CA 90603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,056 SF

      Retail Space Ready for Buildout

      Open shell retail unit available for lease.
      16177-16215 Whittier Blvd, Whittier, CA 90603
      View Details
    • $2 SF/Yr
      1,505 SF

      Retail Space For Lease

      Retail space with an open floor plan and high visibility.
      16401 Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing
      2,033 SF

      Retail Space with Office Buildout

      Retail space featuring an existing 1,360 SF office buildout.
      15334 Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing

      Whittier Blvd Garden Office Space

      Single-story office and retail spaces available for lease.
      16214-16262 E Whittier Blvd, Whittier, CA 90603
      View Details
    • Contact for pricing

      Multi-Tenant Retail Center For Rent

      Multi-tenant retail center with diverse co-tenants available for rent.
      16501-16519 Leffingwell Rd, Whittier, CA 90603
      View Details
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    Whittier, CA 90603
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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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