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    8223 Somerset Blvd Paramount, CA 90723-3518
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    Property profile & analytics

    8223 Somerset Blvd, Paramount, CA 90723-3518

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    • Warehouses
    • 2,934 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Aug 18, 2022
    $430,000
    Property ID
    US10-0077550
    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

    • New Age Aquatics / Big Box & Wholesale Store
    • Yan Enterprise / Department Store
    • Rudys Interface Services / Industrial Manufacturer

    Property Details for 8223 Somerset Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.19 lot acres
    Zone code
    PACM-RM*
    Property type
    Warehouses
    APN
    6241-008-074
    APU
    6241008074

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 18, 2022 — Wan H Yan Wan H Yan Intrafamily Transfer · related —
    Sep 17, 2015 $430,000 Hoi Yan Wan Sandra Norma Monjaraz Grant Deed $365k · East West Bank
    Sep 17, 2015 — Sandra N Monjaraz Monjaraz,rodolfo Affidavit Of Death · related —
    Jan 25, 2002 $267,000 Rodolfo Monjaraz Sepanik Trust Grant Deed $187k · South Coast Commercial Bank
    May 16, 1994 — Sepanik,fred&gloria J Trustees Sepanik,f&g J Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.155
    Latitude
    33.8967
    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
    $7,097
    $382,990
    $116,056
    $499,046
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,805,000
      16,460 SF

      7240 Somerset Blvd

      WAREHOUSE, STORAGE
      7240 Somerset Blvd, Paramount, CA 90723
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    • Value Estimation
      $1,585,000
      9,840 SF

      7317 Somerset Blvd

      WAREHOUSE, STORAGE
      7317 Somerset Blvd, Paramount, CA 90723-4015
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    • Value Estimation
      $4,560,000
      40,982 SF

      7520 Alondra Blvd

      MINI-WAREHOUSE, STORAGE
      7520 Alondra Blvd, Paramount, CA 90723-4002
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    • Value Estimation
      $1,025,000
      5,952 SF

      14080 Orange Ave

      WAREHOUSE, STORAGE
      14080 Orange Ave, Paramount, CA 90723-2018
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    • Value Estimation
      $795,000
      4,422 SF

      6825 Rosecrans Ave

      STORAGE YARD, OPEN STORAGE
      6825 Rosecrans Ave, Paramount, CA 90723-3108
      View Details
    • Value Estimation
      $13,675,000
      100,648 SF

      7540 Rosecrans Ave

      MINI-WAREHOUSE, STORAGE
      7540 Rosecrans Ave, Paramount, CA 90723-2506
      View Details

    Similar Nearby for Sale

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      Paramount Industrial Warehouse Opportunity

      2,810 sq. ft. warehouse with high visibility.
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      3,600 SF

      Industrial Warehouse in Paramount City

      Versatile industrial warehouse in Paramount City's industrial district.
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    • Contact for pricing
      9,841 SF

      Paramount Warehouse with Fenced Yard

      9,841 SF building with large fenced yard in Paramount.
      7243 Somerset Blvd, Paramount, CA 90723
      View Details
    • New
      $799,000
      2,243 SF

      Refurbished Flex Office Warehouse

      Fully refurbished office-warehouse unit with a front office and 17-foot clearance inside a secure, fenced business park.
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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
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    Similar Nearby for Lease

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      3,360 SF

      Paramount Warehouse with Office Space

      Multi-tenant building featuring warehouse and office space for lease.
      7310 Adams St, Paramount, CA 90723
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      6,864 SF

      Downey Ave Flex Space Available

      Multi-tenant building with convenient access to major freeways.
      15930-15940 Downey Ave, Paramount, CA 90723
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    • Contact for pricing
      5,000 SF

      Manufacturing Multi-Tenant Building For Rent

      Centrally located manufacturing building with 20' clear height.
      16100-16122 Orange Ave, Paramount, CA 90723
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    • Contact for pricing
      2,800 SF

      Industrial Space Near Freeways

      Industrial space with convenient freeway access and no CAM charges.
      14016-14022 Garfield Ave, Paramount, CA 90723
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    • $1.19 SF/Yr
      126,432 SF

      Paramount Warehouse Space Available

      126,432 sqft warehouse/distribution space for lease in Paramount.
      14003 Orange Ave, Paramount, CA 90723
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Paramount, CA.
      15938 Downey Ave, Paramount, CA 90723
      View Details
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    Paramount, CA 90723-3518
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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.

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