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Property profile & analytics
FOR LEASE
Warehouses
16701 Knott Ave La Mirada CA La Mirada, CA 90638
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6789691
For Lease
$10,935,000
16701 Knott Ave,Unit La Mirada CA, La Mirada, CA 90638
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
TILT-UP CONCRETE
Total area
59,912 SF
Lot
4.12 ac (179,640 SF)
Zoning code
LMM2-M1*
APN
7001-015-016
UPID
US09-6789691
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
Current use
Occupant on record · Public records
-
Clopay Corporation - Santa Fe Springs Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.57M
CAP Approach
CAP
$12.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.94M
Owner & transaction history
16651 16671 Knott Avenue Ca LP · 5 yrs held
16651 16671 Knott Avenue Ca LP
since 2021
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
LMM2-M1* · La Mirada, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 La Mirada submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mirada 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
$11,605,000
ML approach
$11,570,000
CAP Approach
CAP Return
Estimation
6%
$12,995,000
6.5%
$11,995,000
7%
$11,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,680,000
Current use
Blend value · Realmo final
$10.94M
Range $9.84M – $12.03M · ±10% · vs last sale $9.75M (Jun 2 2021)
Last sale anchor
$9.75M
Jun 2 2021
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
$183 / 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
$108,661
Tax year 2024
Assessed value
$8,173,023
Assessed 2024
Previous assessed
$8,173,023
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$5,552,605
Assessed improvement
$2,620,418
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
For Lease
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
59,912 SF
Lot
4.12 ac (179,640 SF)
Zoning code
LMM2-M1*
APN
7001-015-016
UPID
US09-6789691
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LMM2-M1* · La Mirada, CA
Zoning LMM2-M1* · permitted uses
LMM2-M1* · La Mirada, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mirada. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.7M
WAREHOUSE, STORAGE Current
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
4.12 ac
Current owner
From public records · entity-resolved
16651 16671 Knott Avenue Ca LP
Entity
Free & Clear · 5 yrs held
Mailing address
222 S RIVERSIDE PLZ26THFL, CHICAGO, IL 60606-5808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
16651 16671 Knott Avenue Ca LP
—
Deed
related
$150,000,000 · State Farm Mutual Automobile Insurance C
Jun 2, 2021
$9,750,000
16651 16671 Knott Avenue Ca LP
Iheartmedia Entertainment INC
Grant Deed
—
Jun 2, 2021
—
Vertica Lbridge Cc Am LLC
1661 16671 Knott Avenue Ca Ip
Other
—
Sep 28, 2016
—
Iac Knott Of Trojan LLC
—
Deed
related
—
Jul 21, 2006
—
Pr I La Mirada Indl Ca LLC
Bristol Industrial I LLC
Grant Deed
related
—
Aug 31, 2000
$9,948,518
Capstar Radio Operating Co
Cox Radio INC
Grant Deed
—
Dec 15, 1999
—
Bristol Industrial I LLC
Oma La Corona Properties
Grant Deed
related
—
Feb 20, 1998
—
Cox Radio INC
—
Deed Of Trust
related
—
—
—
Iac Knott Of Trojan LLC
—
Loan Modification
related
$130,000,000 · Miscellaneous Ins Co
—
—
Iac Knott Of Trojan LLC
—
Deed Of Trust
related
$105,200,000 · Miscellaneous Ins Co
—
—
Iac Knott Of Trojan LLC
—
Loan Modification
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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