Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16257 Illinois Ave Paramount, CA 90723-4903

    • Manufacturing properties
    • 4,361 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Sep 14, 2022
    $2,535,025
    Value Estimations
    $2,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8566717
    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

    • L & J Supply Co / Distribution Center / Logistics Company

    Property Details for 16257 Illinois Ave

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Lot size
    0.28 lot acres
    Property size
    4,361 SF
    Zone code
    PAM2*
    Property type
    Manufacturing properties
    APN
    7102-018-033
    APU
    7102018033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,060,000
      ML approach
      $2,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,506,000
      Market price range: $612k - $1.51M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,655,000
      AUTO REPAIR, GARAGE
      $2,015,000
      MEDICAL BUILDING
      $1,980,000
      OFFICE BUILDING
      $1,955,000
      RETAIL STORES
      $1,670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.166
    Latitude
    33.8857
    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
    $23,465
    $1,275,000
    $535,500
    $1,810,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,995,000
      11,750 SF

      7825 Somerset Blvd Ste F

      MANUFACTURING (LIGHT) • 11,750 SF
      7825 Somerset Blvd Ste F, Paramount, CA 90723-4236
      View Details
    • Value Estimation
      $1,335,000
      8,500 SF

      15700 Minnesota Ave

      MANUFACTURING (LIGHT) • 8,500 SF
      15700 Minnesota Ave, Paramount, CA 90723-4121
      View Details
    • Value Estimation
      $2,385,000
      16,929 SF

      6825 Rosecrans Ave

      MANUFACTURING (LIGHT) • 16,929 SF
      6825 Rosecrans Ave, Paramount, CA 90723-3108
      View Details
    • Value Estimation
      $1,720,000
      15,138 SF

      14950 Gwenchris Ct

      MANUFACTURING (LIGHT) • 15,138 SF
      14950 Gwenchris Ct, Paramount, CA 90723-3423
      View Details
    • Value Estimation
      $2,460,000
      22,136 SF

      14953 Gwenchris Ct

      MANUFACTURING (LIGHT) • 22,136 SF
      14953 Gwenchris Ct, Paramount, CA 90723-3423
      View Details
    • Value Estimation
      $1,090,000
      6,000 SF

      7612 Harrison St

      MANUFACTURING (LIGHT) • 6,000 SF
      7612 Harrison St, Paramount, CA 90723-4908
      View Details

    Similar Nearby for Sale

    • $2,000,000
      651 SF

      Paramount Industrial Lot & Office

      Prime M-2 Zoned Property, Excellent Location
      7757 Jackson St, Paramount, CA 90723
      View Details
    • $1,560,000
      4,800 SF

      Free Standing Building with Yard

      Small warehouse with heavy power and private fenced yard.
      15342 Colorado Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      9,841 SF

      Industrial Building with Fenced Yard

      9,841 SF building on 45,412 SF lot with fenced yard.
      7243 Somerset Bl, Paramount, CA 90723
      View Details
    • Contact for pricing
      44,356 SF

      Multi-Tenant Industrial Park For Sale

      Two-building, 20-unit industrial complex with convenient freeway access.
      14100-14138 Orange Ave, Paramount, CA 90723
      View Details
    • $3,250,000
      11,966 SF

      Paramount Industrial/Warehouse/Distribution Opportunity

      Expansive building ideal for industrial, warehouse, and distribution operations.
      7324 Madison St, Paramount, CA 90723
      View Details
    • $997,550
      2,810 SF

      Modern Warehouse in Somerset Business Park

      Clean, modern warehouse with office space and large ground-level door.
      14905 Paramount Blvd, Paramount, CA 90723
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,084 SF

      Paramount Manufacturing/Warehouse Space Available

      Manufacturing/warehouse space with heavy manufacturing zoning and security monitoring.
      14520-14534 Garfield Ave, Paramount, CA 90723
      View Details
    • $10 SF/Yr
      48,075 SF

      Farmers Market Plaza: Multi-Use Space

      Prime Paramount location; versatile warehouse & retail space.
      7500-7532 Rosecrans Ave, Paramount, CA 90723
      View Details
    • $18 SF/Yr
      13,500 SF

      Paramount Industrial Manufacturing Space

      13,500 SF Manufacturing Building, Large Yard
      7734 Alondra Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing
      5,000 SF

      Manufacturing Multi-Tenant Building For Rent

      Centrally located manufacturing building with 20' clear height.
      16100-16122 Orange Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      23,295 SF

      Paramount Manufacturing & Distribution Facility

      Manufacturing and distribution facility with dock high loading positions.
      7104-7110 Jackson St, Paramount, CA 90723
      View Details
    • Contact for pricing
      15,000 SF

      Paramount Industrial Building Sublease

      15,000 SF industrial building with excellent freeway access.
      7314 Madison St, Paramount, CA 90723
      View Details
    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.
    16257 Illinois Ave
    Paramount, CA 90723-4903
    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

    Google sign-in failed. Please try again or use another login method.