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Property profile & analytics
OFF-MARKET
Estimated value
$5,200,000
Medical Office Space
16510 Bloomfield Ave Cerritos, CA 90703-2115
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8307729
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD
Total area
11,628 SF
Lot
0.65 ac (28,105 SF)
Zoning code
CEADP1
APN
7010-016-048
UPID
US09-8307729
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
$5.20M
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Gmr Cerritos LLC · 2 yrs held
Gmr Cerritos LLC
since 2024
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
CEADP1 · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+43.3%
Neighborhood: shopping center
$7.1M
+33.9%
Auto repair, garage
$5.4M
+1.8%
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
$5,200,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
$3,675,000
6.5%
$3,395,000
7%
$3,150,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,285,000
Current use
RESTAURANT
$7,570,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,075,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,380,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$5,215,000
Change: -1% · Conversion: Easy
RETAIL STORES
$5,125,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10% · vs last sale $5.20M (Jul 12 2024)
Last sale anchor
$5.20M
Jul 12 2024
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
$447 / 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
$62,556
Tax year 2024
Assessed value
$5,108,364
Assessed 2024
Previous assessed
$5,108,364
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,767,464
Assessed improvement
$2,340,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
11,628 SF
Lot
0.65 ac (28,105 SF)
Zoning code
CEADP1
APN
7010-016-048
UPID
US09-8307729
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
MEDICAL BUILDING Current
Est. value
$5.3M
RESTAURANT
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Gmr Cerritos LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7373 WISCONSIN AVE STE #800, BETHESDA, MD 20814-3767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$5,200,000
Gmr Cerritos LLC
Broadstone Pih Ca LLC
Grant Deed
—
Dec 17, 2021
$6,000,000
Broadstone Pih Ca LLC
Pioneer Investment Enyterprices LLC
Grant Deed
—
Apr 30, 2009
$3,100,000
Pioneer Investment Ents LLC
Ag Of Bpg Cerritos North INC
Grant Deed
$2,325,000 · City National Bank
Jul 19, 2006
—
Ag Of Bpg Cerritos North INC
Union Dev Financial
Grant Deed
—
Jun 24, 1998
$1,075,000
Union Development Co INC
Jay,asoka W
Grant Deed
$1,190,000 · Santa Monica 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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