Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3788 Cerritos Ave Los Alamitos, CA 90720-2419

    • Flex space
    • 6,315 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2020
    $632,000
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    7.9%
    Flex space
    Location Intelligence
    Property ID
    US09-0609291
    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

    • ReFocus / Film Production / Television Studio
    • We Care / Social Service Agency / Charitable Organization
    • J Schultz Interiors / Furniture & Home Goods
    • Royal Pane Windows & Doors / Hardware & Home Improvement / Interior Design
    • 75 Electric Inc. / Electrical Service / General Contractor

    Property Details for 3788 Cerritos Ave

    Year built
    1980
    Lot size
    0.43 lot acres
    Property size
    6,315 SF
    Property type
    Flex space
    APN
    242-241-26
    APU
    24224126

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $940,000
      ML approach
      $965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,230,000
      6.5%
      $1,135,000
      7%
      $1,055,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Alamitos
    County
    Orange
    State
    California
    Longitude
    -118.066
    Latitude
    33.8099
    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
    $11,539
    $328,406
    $646,483
    $974,889
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      42,381 SF

      4380–4478 Cerritos Ave

      Distribution properties • 42,381 SF
      0 4380–4478 Cerritos Ave, Los Alamitos, CA 90720
      View Details
    • Value Estimation
      $755,000
      5,993 SF

      10891 Kyle St

      LIGHT INDUSTRIAL • 5,993 SF
      10891 Kyle St, Los Alamitos, CA 90720-2410
      View Details
    • Value Estimation
      $1,620,000
      9,576 SF

      10961 Bloomfield St

      LIGHT INDUSTRIAL • 9,576 SF
      10961 Bloomfield St, Los Alamitos, CA 90720-7500
      View Details
    • Value Estimation
      $4,960,000
      14,300 SF

      10794 Los Vaqueros Cir

      LIGHT INDUSTRIAL • 14,300 SF
      10794 Los Vaqueros Cir, Los Alamitos, CA 90720-2515
      View Details
    • Value Estimation by Request
      10,000 SF

      3751 Catalina St

      LIGHT INDUSTRIAL • 10,000 SF
      3751 Catalina St, Los Alamitos, CA 90720
      View Details
    • Value Estimation
      $13,810,000
      50,000 SF

      10850 Portal Dr

      LIGHT INDUSTRIAL • 50,000 SF
      10850 Portal Dr, Los Alamitos, CA 90720-2509
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,755 SF

      Los Alamitos Corporate Center Space

      Multi-tenant building featuring office and warehouse space for lease.
      10571 Calle Lee, Los Alamitos, CA 90720
      View Details
    • $1.85 SF/Yr
      1,758 SF

      Los Alamitos Multi-Tenant Building

      Multi-tenant building with office space and major street frontage.
      5480 Katella Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing
      1,757 SF

      Los Alamitos Industrial Flex Space

      Class A industrial business park with office and warehouse space.
      10541 Calle Lee, Los Alamitos, CA 90720
      View Details
    • $22 SF/Yr
      42,381 SF

      Los Alamitos Corporate Center Suites

      Prime Orange County Office/Flex/Warehouse Space
      0 4380–4478 Cerritos Ave, Los Alamitos, CA 90720
      View Details
    • Contact for pricing
      11,833 SF

      Los Alamitos Corporate Center Space

      Multi-tenant building with offices and warehouse space for lease.
      10641 Calle Lee, Los Alamitos, CA 90720
      View Details
    • Contact for pricing
      1,485 SF

      Flex Space in Noel Business Park

      Multi-tenant flex space with office, restroom, and natural light.
      10842 Noel St, Los Alamitos, CA 90720
      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.
    3788 Cerritos Ave
    Los Alamitos, CA 90720-2419
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!