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    7626 Somerset Blvd Paramount, CA 90723-4103
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    Property profile & analytics

    7626 Somerset Blvd, Paramount, CA 90723-4103

    View on Map
    • Warehouses
    • 9,237 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Jun 24, 2022
    $3,000,030
    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.
    Value Estimations
    $3,070,000
    Show details
    Cap Rate Potential
    3.3%
    Warehouses
    Location Intelligence

    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
    Zone code
    PAM2*
    Property type
    Warehouses
    APN
    6240-012-015
    APU
    6240012015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 21, 2022 — 7626 Somerset Blvd LLC — Deed · related $1.2M · Southland Economic Development Corporati
    Jun 24, 2022 $3,000,000 7626 Somerset Blvd LLC Guy A Rogers Grant Deed $1.2M · Citizens Business Bank
    Dec 3, 2008 — Guy A Rogers Rogers,deborah N Quit Claim Deed · related $250k · Malaga Bank Fsb
    Aug 13, 2001 — Guy A Rogers Mcmanamon,g M Quit Claim Deed · related —
    Jun 10, 1994 — Rogers,guy A Trustee Rogers,s A Quit Claim Deed · related —
    Dec 29, 1992 — Rogers Orville JR Decd Est Of — Deed Of Trust · related —
    — — Rogers Trust — Deed Of Trust · related $625k · Pacific Crest Bank

    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%
      $2,005,000
      6.5%
      $1,850,000
      7%
      $1,715,000

    • Comparable approach

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

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,380,000
      Current use
      AUTO REPAIR, GARAGE
      $4,270,000
      Change: +80% Conversion: Easy
      MEDICAL BUILDING
      $4,200,000
      Change: +77% Conversion: Difficult
      OFFICE BUILDING
      $4,145,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $3,540,000
      Change: +49% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,855,000
      Change: +20% Conversion: Difficult

    Get a detailed, property-specific estimation — 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

    • Value Estimation
      $2,230,000
      14,000 SF

      7775 Somerset Blvd

      WAREHOUSE, STORAGE
      7775 Somerset Blvd, Paramount, CA 90723
      View Details
    • Value Estimation
      $1,150,000
      6,901 SF

      7249 Somerset Blvd

      WAREHOUSE, STORAGE
      7249 Somerset Blvd, Paramount, CA 90723-3907
      View Details
    • Value Estimation
      $3,170,000
      26,465 SF

      15500 Texaco Ave

      WAREHOUSE, STORAGE
      15500 Texaco Ave, Paramount, CA 90723-3922
      View Details
    • Value Estimation
      $1,515,000
      9,862 SF

      6840 Walthall Way

      WAREHOUSE, STORAGE
      6840 Walthall Way, Paramount, CA 90723-2028
      View Details
    • Value Estimation
      $1,255,000
      9,914 SF

      7350 Adams St

      WAREHOUSE, STORAGE
      7350 Adams St, Paramount, CA 90723-4008
      View Details
    • Value Estimation
      $1,955,000
      12,000 SF

      15345 Allen St

      WAREHOUSE, STORAGE
      15345 Allen St, Paramount, CA 90723-4011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,304 SF

      Food Manufacturing Facility For Sale

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    • Contact for pricing
      9,165 SF

      Paramount Warehouse with Racking

      Small warehouse building with racking, close to 710 freeway.
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    • $1,300,000

      Paramount Industrial Space For Sale

      Industrial property in Paramount, ideal for manufacturing and distribution.
      15532 Illinois Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      4,800 SF

      Free Standing Building with Yard

      Small warehouse with heavy power and private fenced yard.
      15342 Colorado Ave, Paramount, CA 90723
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing
      5,280 SF

      Paramount Industrial Flex Space Available

      Newly refurbished industrial unit near major freeways for lease.
      8650 Somerset Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing

      Industrial Unit in Edmar Park

      4,812 SF industrial unit available for rent.
      14908 Gwenchris Ct, Paramount, CA 90723
      View Details
    • Contact for pricing

      Paramount Industrial Building with Yard

      4,800 SF industrial building with fenced yard for lease.
      15342 Colorado Ave, Paramount, CA 90723
      View Details
    • $1.35 SF/Yr
      6,224 SF

      Paramount Warehouse Space Available

      Industrial warehouse space available for lease in Paramount, California.
      14030 Orange Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      18,865 SF

      Industrial Space with Fenced Yard

      Multi-tenant building with office space, yard, and freeway access.
      15248-15250 Texaco Ave, Paramount, CA 90723
      View Details
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    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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