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Property profile & analytics
OFF-MARKET
Estimated value
$6,825,000
Manufacturing properties
16207 Carmenita Rd, Cerritos, CA 90703-2212
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-0129443
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
TILT-UP CONCRETE
Total area
23,807 SF
Lot
1.25 ac (54,631 SF)
Zoning code
CEADP1
APN
7005-005-059
UPID
US10-0129443
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
$6.31M
CAP Approach
CAP
$4.28M
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$6.83M
Owner & transaction history
Margate Holdings LLC · 2 yrs held
Margate Holdings LLC
since 2023
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
CEADP1 · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.0M
+69.1%
Medical building
$10.8M
+66.2%
Office building
$10.7M
+64.0%
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
$6,585,000
ML approach
$6,310,000
CAP Approach
CAP Return
Estimation
6%
$4,635,000
6.5%
$4,280,000
7%
$3,975,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,510,000
Current use
AUTO REPAIR, GARAGE
$11,010,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$10,820,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$10,680,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$10,495,000
Change: +61% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,355,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$6.83M
Range $6.14M – $7.51M · ±10% · vs last sale $7.20M (Oct 25 2023)
Last sale anchor
$7.20M
Oct 25 2023
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
$287 / 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
$87,319
Tax year 2024
Assessed value
$7,200,000
Assessed 2024
Previous assessed
$7,200,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$3,200,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
23,807 SF
Lot
1.25 ac (54,631 SF)
Zoning code
CEADP1
APN
7005-005-059
UPID
US10-0129443
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.7M
RETAIL STORES
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$7.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Margate Holdings LLC
Entity
Mailing address
16207 CARMENITA RD, CERRITOS, CA 90703-2212
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Margate Holdings LLC
—
Deed
related
$4,000,000 · Augustar Life Insurance Company
Oct 25, 2023
$7,200,000
Margate Holdings LLC
Lague Land Co INC
Grant Deed
—
May 22, 2023
—
Lague Land Co INC
—
Deed
related
$275,000 · Fmks LP
Mar 28, 2017
—
Lague Land Co INC
—
Deed
related
$1,450,000 · Comerica Bk
Dec 9, 2016
—
Lague Land Co INC
—
Deed
related
$1,450,000 · Comerica Bk
Mar 30, 2007
—
Lague Land Co INC
Accurate Air Engineering INC
Grant Deed
—
Oct 12, 2005
$2,547,500
Accurate Air Engineering INC
16207 South Carmenita Road Ltd
Grant Deed
$1,000,000 · Touchdown Mortgage Fund LP
Oct 7, 2005
$2,547,500
Accurate Air Engineering INC
16207 South Carmenita Road Ltd
Grant Deed
$1,000,000 · Touchdown Mtg Fund LP
—
—
Lague Land Co INC
—
Loan Modification
related
$1,450,000 · Comerica Bk
—
—
Lague Land Co INC
—
Loan Modification
related
$1,450,000 · Comerica Bk
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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