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    17871 Park Plaza Dr Cerritos, CA 90703
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    Property profile & analytics

    17871 Park Plaza Dr Cerritos, CA 90703

    View on Map
    • Office buildings
    • 50,761 SF
    • 2.56 lot acres
    For Lease
    $8,685,000
    View Listing →
    Cerritos Towne Center Office Space For Lease
    $8,685,000
    9,202 SF

    Cerritos Towne Center Office Space

    High-quality office space in a master-planned development.

    17871 Park Plaza Drive, Cerritos, CA 90703
    View Listing
    Property ID
    US09-6412776
    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

    • Office buildings

    Property Details for 17871 Park Plaza Dr

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    2.56 lot acres
    Property size
    50,761 SF
    Zone code
    CEAD P2
    Property type
    Office buildings
    APN
    7030-011-921
    APU
    7030011921

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,151,000
      Market price range: $12.2M - $37.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    County
    Los Angeles
    State
    California
    Longitude
    -118.063
    Latitude
    33.8693
    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
    2023
    $0.00
    $5,316,796
    $0.00
    $5,316,796
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
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      21,706 SF

      18331 Gridley Rd

      OFFICE BUILDING (MULTI-STORY) • 21,706 SF
      18331 Gridley Rd, Cerritos, CA 90703-5438
      View Details
    • Value Estimation
      $6,135,000
      34,506 SF

      12607 Hiddencreek Way

      OFFICE BUILDING • 34,506 SF
      12607 Hiddencreek Way, Cerritos, CA 90703-2146
      View Details
    • Value Estimation
      $3,025,000
      16,304 SF

      13304 Alondra Blvd

      OFFICE BUILDING • 16,304 SF
      13304 Alondra Blvd, Cerritos, CA 90703-2205
      View Details
    • Value Estimation
      $560,000
      1,720 SF

      13005 Artesia Blvd Ste A100

      OFFICE BUILDING • 1,720 SF
      13005 Artesia Blvd Ste A100, Cerritos, CA 90703-1357
      View Details
    • Value Estimation
      $580,000
      1,700 SF

      13005 Artesia Blvd Ste A210

      OFFICE BUILDING • 1,700 SF
      13005 Artesia Blvd Ste A210, Cerritos, CA 90703-1481
      View Details
    • Value Estimation
      $6,915,000
      19,904 SF

      18115 Vly Vw Ave

      OFFICE BUILDING (MULTI-STORY) • 19,904 SF
      18115 Vly Vw Ave, Cerritos, CA 90703-7010
      View Details

    Similar Nearby for Sale

    • $2,600,000

      Cerritos Office Building For Sale

      5,989 SF office building on 22,000 SF lot.
      17409 Marquardt Ave, Cerritos, CA 90703
      View Details
    • $2,600,000
      5,989 SF

      Cerritos Office Building For Sale

      5,989 SF office building on 22,000 SF lot in Cerritos.
      17409 Marquardt Ave, Cerritos, CA 90703
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    • 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
    • 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

    Similar Nearby for Lease

    • Contact for pricing

      Cerritos Office Units Available

      Office units available for sublease in Cerritos, California.
      17215 Studebaker Rd, Cerritos, CA 90703
      View Details
    • $1.30 SF/Yr
      9,366 SF

      Refurbished Office Space Available

      Recently refurbished office space with easy freeway access.
      13844 Struikman Rd, 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 Commercial Unit For Rent

      Well-maintained commercial unit in Cerritos with included utilities.
      19112 Gridley Rd, Cerritos, CA 90703
      View Details
    • Sponsored
      Contact for pricing

      Cerritos Towne Center

      Discover many ways to work your way in Cerritos Towne Center
      17777 Center Court Dr, Cerritos, CA 90703
      View Details
    • Contact for pricing
      12,873 SF

      Industrial Building Available For Lease

      Industrial building featuring office space, dock, and ground level loading.
      16410 Manning Way, 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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