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    Property profile & analytics

    7626 Somerset Blvd Paramount, CA 90723-4103

    • Warehouses
    • 9,237 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2022
    $3,000,030
    Value Estimations
    $3,520,000
    Show details
    Cap Rate Potential
    3.3%
    Warehouses
    Location Intelligence
    Property ID
    US10-0069345
    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

    • Warehouses

    Property Details for 7626 Somerset Blvd

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    0.33 lot acres
    Property size
    9,237 SF
    Zone code
    PAM2*
    Property type
    Warehouses
    APN
    6240-012-015
    APU
    6240012015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,625,000
      ML approach
      $3,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,360,000
      6.5%
      $2,180,000
      7%
      $2,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,028,000
      Market price range: $1.23M - $3.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.166
    Latitude
    33.8961
    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
    $39,949
    $2,184,840
    $936,360
    $3,121,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $610,000
      14,900 SF

      15147 Colorado Ave

      WAREHOUSE, STORAGE • 14,900 SF
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    • Value Estimation
      $765,000
      27,750 SF

      16400 Garfield Ave

      WAREHOUSE, STORAGE • 27,750 SF
      16400 Garfield Ave, Paramount, CA 90723-5302
      View Details
    • Value Estimation
      $515,000
      15,600 SF

      7018 Jackson St

      WAREHOUSE, STORAGE • 15,600 SF
      7018 Jackson St, Paramount, CA 90723-4835
      View Details
    • Value Estimation
      $670,000
      20,000 SF

      7011 Marcelle St

      WAREHOUSE, STORAGE • 20,000 SF
      7011 Marcelle St, Paramount, CA 90723-4838
      View Details
    • Value Estimation
      $510,000
      16,368 SF

      14080 Orange Ave

      WAREHOUSE, STORAGE • 16,368 SF
      14080 Orange Ave, Paramount, CA 90723-2018
      View Details
    • Value Estimation
      $410,000
      9,914 SF

      7350 Adams St

      WAREHOUSE, STORAGE • 9,914 SF
      7350 Adams St, Paramount, CA 90723-4008
      View Details

    Similar Nearby for Sale

    • $3,250,000
      11,966 SF

      Paramount Industrial/Warehouse/Distribution Opportunity

      Expansive building ideal for industrial, warehouse, and distribution operations.
      7324 Madison St, Paramount, CA 90723
      View Details
    • $997,550
      2,810 SF

      Modern Warehouse in Somerset Business Park

      Clean, modern warehouse with office space and large ground-level door.
      14905 Paramount Blvd, Paramount, CA 90723
      View Details
    • $1,295,000
      3,600 SF

      Industrial Condo with Office Space

      Industrial condo featuring office space, high ceilings, and ample parking.
      14925 Paramount Blvd, Paramount, CA 90723
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    • $801,647
      2,233 SF

      Refurbished Industrial Condo For Sale

      Rare, refurbished industrial condo with ground level loading.
      6307-6319 Alondra Blvd, Paramount, CA 90723
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    • $3,482,700
      9,165 SF

      Paramount Warehouse with Racking

      Small warehouse building with racking, close to 710 freeway.
      6433 Alondra Blvd, Paramount, CA 90723
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    • $1,327,500
      4,500 SF

      Free Standing Warehouse Building

      Warehouse or light manufacturing building with large lot and clear span.
      15512 Vermont Ave, Paramount, CA 90723
      View Details

    Similar Nearby for Lease

    • $1.32 SF/Yr
      16,016 SF

      Paramount Warehouse with Dock High

      Warehouse with excellent freeway access and loading positions for rent.
      14350 Garfield Ave, Paramount, CA 90723
      View Details
    • $1.35 SF/Yr
      3,740 SF

      Paramount Industrial Building For Rent

      Multi-tenant industrial building in Paramount, near major freeways.
      14030-14044 Orange Ave, Paramount, CA 90723
      View Details
    • $1.10 SF/Yr
      28,058 SF

      Freestanding Warehouse with Fenced Yard

      Concrete tilt-up warehouse with private fenced yard available for rent.
      6323-6421 E Alondra Blvd, Paramount, CA 90723
      View Details
    • $1.55 SF/Yr
      15,000 SF

      Paramount Industrial Building Sublease

      15,000 SF industrial building with excellent freeway access.
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      View Details
    • $0.95 SF/Yr
      4,017 SF

      Paramount Warehouse/Flex Space Available

      Multi-tenant building featuring reception, offices, restrooms, and warehouse space.
      15321-15323 Texaco Ave, Paramount, CA 90723
      View Details
    • $1.50 SF/Yr
      1,600 SF

      Paramount Industrial Flex Space Available

      Newly refurbished industrial unit near major freeways for lease.
      8650 Somerset Blvd, Paramount, CA 90723
      View Details
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    7626 Somerset Blvd
    Paramount, CA 90723-4103
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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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