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Property profile & analytics
FOR LEASE
Office buildings
17785 Center Court Dr South, Cerritos, CA 90703
Entity Owned
15-yr Hold
Free & Clear
Property ID
US09-6412775
For Lease
1 / 3
$5,305,000
17785 Center Court Dr South, Cerritos, CA 90703
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
CONCRETE
Total area
144,470 SF
Lot
2.88 ac (125,487 SF)
Zoning code
CEAD P2
APN
7030-011-919
UPID
US09-6412775
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.31M
Owner & transaction history
City Of Cerritos · 15 yrs held
City Of Cerritos
since 2011
6 recorded transactions
Zoning & alternative use
CEAD P2 · Cerritos, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$37 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$7,854,000
Assessed 2024
Previous assessed
$7,854,000
+0.0% YoY
Assessed land
$7,854,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1990
Construction
CONCRETE
Heating
NONE
Total area
144,470 SF
Lot
2.88 ac (125,487 SF)
Zoning code
CEAD P2
APN
7030-011-919
UPID
US09-6412775
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CEAD P2 · Cerritos, CA
Zoning CEAD P2 · permitted uses
CEAD P2 · 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.
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
NONE
Lot
2.88 ac
Current owner
From public records · entity-resolved
City Of Cerritos
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 3130, CERRITOS, CA 90703-3130
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
—
Ctc Asset LLC
—
Deed
related
$23,725,000 · East West Bank
Jul 13, 2017
—
Cerritos Office Center III LLC
—
Deed
related
$15,437,583 · Miscellaneous Ins Co
Jun 8, 2011
—
City Of Cerritos
Cerritos Redevelopment Agency
Quit Claim Deed
—
Feb 22, 2007
—
Cerritos Office Center III LLC
—
Grant Deed
related
$20,400,000 · Miscellaneous Ins Co
Mar 27, 1990
—
Bloomfield Associates Lessee
—
Deed Of Trust
related
—
—
—
Cerritos Office Center III LLC
—
Loan Modification
related
$15,437,583 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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