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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Warehouses
16605 Norwalk Blvd, Cerritos, CA 90703-1860
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8117057
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
TILT-UP CONCRETE
Total area
8,824 SF
Lot
0.53 ac (22,960 SF)
Zoning code
CEM
APN
7011-001-001
UPID
US09-8117057
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$3.50M
Owner & transaction history
Bee Country LLC · 2 yrs held
Bee Country LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CEM · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+114.3%
Neighborhood: shopping center
$5.4M
+100.2%
Auto repair, garage
$4.1M
+52.2%
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,680,000
Current use
RESTAURANT
$5,745,000
Change: +114% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,370,000
Change: +100% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,080,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$4,010,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$3,960,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$3,890,000
Change: +45% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,725,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Apr 1 2024)
Last sale anchor
$3.50M
Apr 1 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
$397 / 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
$26,739
Tax year 2024
Assessed value
$2,169,921
Assessed 2024
Previous assessed
$2,169,921
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,182,161
Assessed improvement
$987,760
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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
8,824 SF
Lot
0.53 ac (22,960 SF)
Zoning code
CEM
APN
7011-001-001
UPID
US09-8117057
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CEM · Cerritos, CA
Zoning CEM · permitted uses
CEM · 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
WAREHOUSE, STORAGE Current
Est. value
$2.7M
RESTAURANT
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Bee Country LLC
Entity
Mailing address
625 THE CITY DR S STE #325, ORANGE, CA 92868-4985
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
—
Bee Country LLC
—
Deed
related
$1,600,000 · East West Bank
Apr 1, 2024
$3,500,000
Bee Country LLC
Sung Lim Woo
Grant Deed
—
Jan 2, 2014
—
Lim Family Living Trust
Lim,woo S
Quit Claim Deed
related
—
Feb 28, 2007
$1,652,000
Woo S Lim
Union Dev Financial INC
Grant Deed
—
Feb 28, 2007
—
Woo S Lim
Lim,min S
Quit Claim Deed
related
$825,900 · Centerbank
Dec 3, 1993
—
Wayne Schell
Schell,s M
Quit Claim Deed
related
—
Dec 3, 1993
$440,500
Union Dev Co INC
Specialty Tappin
Trustees Deed
$291,250 · Individual
—
—
Woo S Lim
—
Deed Of Trust
related
$711,000 · Bank Of The West
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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