Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17228 Downey Ave Bellflower, CA 90706-6105
    Back to Search
    Property profile & analytics

    17228 Downey Ave, Bellflower, CA 90706-6105

    View on Map
    • Retail space
    • 12,100 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Mar 16, 2022
    Property ID
    US10-0143662
    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.
    Value Estimations
    $2,825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RockItCoin Bitcoin ATM / Crypto Atm
    • Circle K / Grocery & Convenience Store

    Property Details for 17228 Downey Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Zone code
    BFCG*
    Property type
    Retail space
    APN
    7162-001-086
    APU
    7162001086

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2026 — Bellflower Town Center LLC — Deed · related $4.5M · United Pacific Bank
    Apr 1, 2025 — Bellflower Town Center LLC — Deed · related $4.1M · New Omni Bank NA
    Mar 16, 2022 — Bellflower Town Center LLC Bellflower Town Center LLC Intrafamily Transfer · related $4M · General Business Credit
    Jan 17, 2019 — Bellflower Town Center LLC — Grant Deed · related $1.5M · Prime Busn Cr
    Mar 16, 2017 — Bellflower Town Center LLC — Deed · related $1M · Prime Busn Cr
    Dec 2, 2008 — Bellflower Town Center LLC — Deed Of Trust · related $2.5M · Wilshire State Bank
    Jun 7, 2005 — Bellflower Town Center LLC Lee,seung K Grant Deed —
    Mar 31, 2005 $5,350,000 Seung K Lee Hwangbo,peter & Sarah Grant Deed —
    Mar 31, 2005 — Seung K Lee Oh,mi S Grant Deed · related —
    Jun 15, 2004 — Peter Hwangbo Chin Star INC Grant Deed $3.4M · Bank Of East Asia
    Feb 12, 2003 — Chin Star INC Chow,tr Grant Deed $2.5M · Centerbank
    Jul 28, 1993 $2,200,000 Tommy H Chow Ba Properties In Grant Deed —
    Feb 25, 1993 $1,468,500 Ba Properties INC Bellflower Towne Trustees Deed · related —
    — — Bellflower Town Center LLC — Deed Of Trust · related $300k · Prime Busn Cr
    — — Bellflower Town Center LLC — Deed Of Trust · related $600k · Prime Busn Cr
    — — Tommy H Chow — Deed Of Trust · related —
    — — Bellflower Town Center LLC — Deed Of Trust · related $4.5M · Bbcn Bk
    — — Bellflower Town Center LLC — Deed Of Trust · related $1M · Prime Busn Cr
    — — Chow,tr — Deed Of Trust · related $500k · Bank Of Canton
    — — Chow Trust — Deed Of Trust · related $480k · First Continental Bank
    — — Tommy H Chow — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,277,000
      Market price range: $654k - $2.98M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,550,000
      Current use
      OFFICE BUILDING
      $4,025,000
      Change: +13% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,650,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,615,000
      Change: +2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,555,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellflower
    County
    Los Angeles
    State
    California
    Longitude
    -118.151
    Latitude
    33.8758
    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
    $39,357
    $990,767
    $1,708,226
    $2,698,993
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      9703 Alondra Blvd

      RETAIL STORES (PERSONAL SERVICES)
      9703 Alondra Blvd, Bellflower, CA 90706-3603
      View Details
    • Value Estimation
      $6,025,000
      18,360 SF

      9202 Alondra Blvd

      RETAIL STORES (PERSONAL SERVICES)
      9202 Alondra Blvd, Bellflower, CA 90706-4210
      View Details
    • Value Estimation by Request
      1,945 SF

      17901 Bellflower Blvd

      RETAIL STORES (PERSONAL SERVICES)
      17901 Bellflower Blvd, Bellflower, CA 90706-6615
      View Details
    • Value Estimation
      $4,340,000
      13,230 SF

      15909 Bellflower Blvd

      RETAIL STORES (PERSONAL SERVICES)
      15909 Bellflower Blvd, Bellflower, CA 90706-4601
      View Details
    • Value Estimation by Request
      750 SF

      17909 Bellflower Blvd

      RETAIL STORES (PERSONAL SERVICES)
      17909 Bellflower Blvd, Bellflower, CA 90706-6615
      View Details
    • Value Estimation
      $5,745,000
      29,382 SF

      9822 Ramona St

      RETAIL STORES (PERSONAL SERVICES)
      9822 Ramona St, Bellflower, CA 90706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,080 SF

      Retail Space on Lakewood Boulevard

      Retail space available for lease in Bellflower, California.
      13528-13542 Lakewood Blvd, Bellflower, CA 90706
      View Details
    • $12,500 /Mo

      Bellflower Retail Space For Rent

      Highly visible 4,896 SF retail space in Bellflower's commercial corridor.
      17812 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Retail Space on Bellflower Blvd

      Turnkey retail space in high-traffic Bellflower location.
      14760 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Bellflower Retail Space Available

      Retail space in a busy Bellflower location for lease.
      15909 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Mixed-Use Project in Downtown Bellflower

      Mixed-use project with apartments and retail space near future Metro.
      16411 Bellflower Blvd, Bellflower, CA 90706
      View Details
    • Contact for pricing

      Retail Space on Lakewood Boulevard

      Retail spaces available on a major thoroughfare with parking.
      17601 Lakewood Blvd, Bellflower, CA 90706
      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.
    17228 Downey Ave
    Bellflower, CA 90706-6105
    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

    Thank You for Inquiry
    17228 Downey Ave, Bellflower, CA, 90706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!