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    17500 Carmenita Rd Cerritos, CA 90703
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    17500 Carmenita Rd Cerritos, CA 90703

    View on Map
    • Super regional malls
    • 21,488 SF
    • 1.92 lot acres
    For Sale
    $12,400,000
    View Listing →
    Cerritos Retail Shopping Center For Sale
    $12,400,000
    42,568 SF

    Cerritos Retail Shopping Center

    42,568 SF shopping center in Los Angeles/Orange County metro area.

    17500 Carmenita Rd, Cerritos, CA 90703
    View Listing
    Property ID
    US10-3249935
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 17500 Carmenita Rd

    Year built
    1971
    Lot size
    1.92 lot acres
    Property size
    21,488 SF
    Zone code
    CECN
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    7027-020-036
    APU
    7027020036

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,490,000
      6.5%
      $7,835,000
      7%
      $7,275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    County
    Los Angeles
    State
    California
    Longitude
    -118.046
    Latitude
    33.8724
    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
    2017
    $0.00
    $3,857,950
    $1,035,555
    $4,893,505
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,255,000
      8,144 SF

      17500 Bloomfield Ave

      REGIONAL SHOPPING CENTER, MALL • 8,144 SF
      17500 Bloomfield Ave, Cerritos, CA 90703-9371
      View Details
    • Value Estimation
      $12,330,000
      42,794 SF

      17510 Carmenita Rd

      REGIONAL SHOPPING CENTER, MALL • 42,794 SF
      17510 Carmenita Rd, Cerritos, CA 90703-8635
      View Details
    • Value Estimation
      $33,680,000
      148,126 SF

      12801 Towne Ctr Dr

      REGIONAL SHOPPING CENTER, MALL • 148,126 SF
      12801 Towne Ctr Dr, Cerritos, CA 90703-8547
      View Details
    • Value Estimation
      $1,825,000
      6,679 SF

      12801 Towne Ctr Dr

      REGIONAL SHOPPING CENTER, MALL • 6,679 SF
      12801 Towne Ctr Dr, Cerritos, CA 90703-8547
      View Details
    • Value Estimation
      $3,350,000
      15,427 SF

      12601 Towne Ctr Dr

      REGIONAL SHOPPING CENTER, MALL • 15,427 SF
      12601 Towne Ctr Dr, Cerritos, CA 90703-8543
      View Details
    • Value Estimation
      $34,305,000
      324,400 SF

      600 Los Cerritos Mall

      REGIONAL SHOPPING CENTER, MALL • 324,400 SF
      600 Los Cerritos Mall, Cerritos, CA 90703-5432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,568 SF

      Cerritos Retail Shopping Center

      42,568 SF shopping center in Los Angeles/Orange County metro area.
      17500 Carmenita Rd, Cerritos, CA 90703
      View Details
    • Contact for pricing
      1,844 SF

      New Starbucks in Cerritos, CA

      New construction Starbucks with a corporate guarantee and desirable location.
      20280 Bloomfield Ave, Cerritos, CA 90703
      View Details
    • $150,000
      1,145.00 Acres

      Residential Land in Los Angeles County

      Two adjoining parcels totaling 2,657 SF in Los Angeles County.
      Elmcroft Ave, Cerritos, CA 90703
      View Details
    • Contact for pricing

      Industrial Space with Loading Docks

      Industrial property featuring loading docks and ample parking.
      16808 Marquardt Ave, Cerritos, CA 90703
      View Details
    • Contact for pricing
      17,250 SF

      Cerritos Industrial Property For Sale

      Industrial property available for sale in Cerritos, California.
      14103 Arbor Pl, Cerritos, CA 90703
      View Details
    • Contact for pricing
      43,080 SF

      Industrial Property in Cerritos

      Industrial property available for sale in Cerritos, California.
      13815 Struikman Rd, Cerritos, CA 90703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building For Sale

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

      Retail Space in Del Amo Plaza

      Retail spaces for lease in a conveniently located shopping center.
      11899 Del Amo Blvd, Cerritos, CA 90703
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Cerritos, California.
      11900 South St, Cerritos, CA 90703
      View Details
    • Contact for pricing
      8,250 SF

      Retail Space Available For Rent

      Retail property with 8,250 square feet available for lease.
      11812-11818 South St, Cerritos, CA 90703
      View Details
    • Contact for pricing

      Cerritos Towne Center Office Space

      Office and retail space in a vibrant, accessible mixed-use center.
      Cerritos, CA 90703
      View Details
    • Contact for pricing

      Cerritos Retail Space Ground Lease

      Former Babies'R'Us space for lease in prime Cerritos location.
      11540 South St, Cerritos, CA 90703
      View Details
    View Listing
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    Cerritos, CA 90703
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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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