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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16916 Gridley Pl Cerritos, CA 90703-1740

    • Manufacturing properties
    • 35,322 SF
    • 1.57 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2024
    $9,800,000
    Value Estimations
    $9,800,000
    Show details
    Cap Rate Potential
    4.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-9589025
    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

    • Manufacturing properties

    Property Details for 16916 Gridley Pl

    Year built
    1967
    Construction
    TILT-UP CONCRETE
    Lot size
    1.57 lot acres
    Property size
    35,322 SF
    Zone code
    CEM
    Property type
    Manufacturing properties
    APN
    7014-007-019
    APU
    7014007019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,800,000
      ML approach
      $9,800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,880,000
      6.5%
      $6,350,000
      7%
      $5,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,268,000
      Market price range: $7.27M - $12.7M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $9,660,000
      Current use
      MEDICAL BUILDING
      $16,055,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $15,845,000
      Change: +64% Conversion: Difficult
      RETAIL STORES
      $15,570,000
      Change: +61% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $10,915,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    County
    Los Angeles
    State
    California
    Longitude
    -118.09
    Latitude
    33.8772
    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
    $47,381
    $1,503,079
    $1,981,967
    $3,485,046
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,445,000
      19,516 SF

      17202 Marquardt Ave

      MANUFACTURING (LIGHT) • 19,516 SF
      17202 Marquardt Ave, Cerritos, CA 90703-1022
      View Details
    • Value Estimation
      $8,415,000
      80,688 SF

      17300 Marquardt Ave

      MANUFACTURING (LIGHT) • 80,688 SF
      17300 Marquardt Ave, Cerritos, CA 90703-1023
      View Details
    • Value Estimation
      $4,405,000
      41,644 SF

      12850 Moore St

      MANUFACTURING (LIGHT) • 41,644 SF
      12850 Moore St, Cerritos, CA 90703-2123
      View Details
    • Value Estimation
      $3,580,000
      26,974 SF

      12100 Park St

      MANUFACTURING (LIGHT) • 26,974 SF
      12100 Park St, Cerritos, CA 90703-1842
      View Details
    • Value Estimation
      $4,340,000
      32,778 SF

      16741 Parkside Ave

      MANUFACTURING (LIGHT) • 32,778 SF
      16741 Parkside Ave, Cerritos, CA 90703-1840
      View Details
    • Value Estimation
      $2,935,000
      20,532 SF

      20010 State Rd

      MANUFACTURING (LIGHT) • 20,532 SF
      20010 State Rd, Cerritos, CA 90703-6456
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,250 SF

      Industrial Space with Loading Docks

      Industrial property featuring loading docks and ample parking.
      16808 Marquardt Ave, Cerritos, CA 90703
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    • Contact for pricing
      72,189 SF

      Entitled Land Site with Office

      Land site with office space, dock doors, and large yard.
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    • Contact for pricing
      43,000 SF

      43,000 SF Free Standing Warehouse

      Free standing warehouse with office space and convenient freeway access.
      16804-16808 Gridley Pl, Cerritos, CA 90703
      View Details
    • $5,800,000
      17,250 SF

      Industrial Building with Office/Showroom

      Free-standing industrial building in Cerritos with excellent freeway access.
      14103 Arbor Pl, Cerritos, CA 90703
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    • $6,838,000
      1,844 SF

      Cerritos Starbucks Investment

      High-yield Starbucks NNN lease.
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    • $12,400,000
      42,794 SF

      Retail Building For Sale

      Multi-tenant retail building with 42,794 square feet available.
      17500-17510 Carmenita Rd, Cerritos, CA 90703
      View Details

    Similar Nearby for Lease

    • $0.95 SF/Yr
      159,214 SF

      Cerritos Industrial Space For Lease

      Large Manufacturing/Warehouse Space Available
      16220 Carmenita Rd, Cerritos, CA 90703
      View Details
    • $1.25 SF/Yr
      43,080 SF

      Manufacturing/Distribution Facility with Freezer

      Freestanding manufacturing/distribution facility with freezer, cooler, and processing room.
      13815 Struikman Rd, Cerritos, CA 90703
      View Details
    • $1.73 SF/Yr
      14,023 SF

      Cerritos Industrial Food Processing Facility

      Industrial building with food processing room and office space.
      13834-13842 Bettencourt St, Cerritos, CA 90703
      View Details
    • $0.99 SF/Yr
      23,712 SF

      Distribution/Manufacturing Building with Air Conditioning

      Freestanding building with dock doors, ground level loading, and A/C.
      16707 Edwards Rd, Cerritos, CA 90703
      View Details
    • $0.95 SF/Yr
      108,253 SF

      Manufacturing/Distribution Facility For Rent

      Renovated manufacturing/distribution facility with convenient freeway access.
      16200-16220 Carmenita Rd, Cerritos, CA 90703
      View Details
    • $18 SF/Yr
      20,951 SF

      State Road Flex Space Available

      Cerritos flex space, 1,620-5,670 sq ft.
      20014 State Rd, Cerritos, CA 90703
      View Details
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    Cerritos, CA 90703-1740
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    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
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