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    Property profile & analytics

    8520 Michigan Ave Whittier, CA 90605-1400

    • Office buildings
    • 44,221 SF
    • 3.50 lot acres
    OFF-MARKET
    Value Estimations
    $6,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9968874
    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

    • Mercedes Benz Specialist / Electronics & Wireless Store / Computer & Electronic Repair
    • Freshette by Int'l Sani-Fem, Inc. / (Bike/Boat/Book/etc) Store
    • My Dnero / Advertising Agency / Marketing & Advertising
    • United States Postal Service / Post Office / Logistics Service
    • LlamaBooth Photo Booth Rentals / Photography Service / Party Supply Store

    Property Details for 8520 Michigan Ave

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    3.50 lot acres
    Property size
    44,221 SF
    Zone code
    WHC2(PP)-P
    Property type
    Office buildings
    APN
    8143-020-901
    APU
    8143020901

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,812,000
      Market price range: $8.81M - $21.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Whittier
    County
    Los Angeles
    State
    California
    Longitude
    -118.025
    Latitude
    33.9602
    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
    $660,001
    $0.00
    $660,001
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,375,000
      28,050 SF

      13601 Whittier Blvd

      OFFICE BUILDING • 28,050 SF
      13601 Whittier Blvd, Whittier, CA 90605-1902
      View Details
    • Value Estimation
      $1,490,000
      9,005 SF

      14442 Whittier Blvd

      OFFICE BUILDING • 9,005 SF
      14442 Whittier Blvd, Whittier, CA 90605-2107
      View Details
    • Value Estimation
      $730,000
      2,544 SF

      14530 Whittier Blvd

      OFFICE BUILDING • 2,544 SF
      14530 Whittier Blvd, Whittier, CA 90605-2129
      View Details
    • Value Estimation
      $875,000
      3,757 SF

      14028 Lambert Rd

      OFFICE BUILDING • 3,757 SF
      14028 Lambert Rd, Whittier, CA 90605-2425
      View Details
    • Value Estimation
      $1,330,000
      2,808 SF

      9227 Colima Rd

      OFFICE BUILDING • 2,808 SF
      9227 Colima Rd, Whittier, CA 90605-1809
      View Details
    • Value Estimation by Request
      1,716 SF

      13245 Imperial Hwy

      OFFICE BUILDING • 1,716 SF
      13245 Imperial Hwy, Whittier, CA 90605-4144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime Whittier office, high visibility, ample parking.
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      Retail Property on Whittier Boulevard

      Retail property on a signalized corner with high traffic volume.
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      Whittier Auto Repair Business Opportunity

      Established auto repair business and property for sale in Whittier.
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    • $1,150,000

      Spacious Triplex on Large Lot

      Well-maintained 3-unit property on a 26,461 sqft lot.
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      Remodeled Duplex on Expansive Lot

      Two fully remodeled homes on one lot, ideal for investment.
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      Versatile Commercial Property on Corner Lot

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    Similar Nearby for Lease

    • Contact for pricing

      Whittier Boulevard Office Building

      Fully leased office building on Whittier Boulevard in Whittier, CA.
      13583 Whittier Blvd, Whittier, CA 90605
      View Details
    • $2 SF/Yr
      124 SF

      Whittier Office Space For Rent

      Third floor office space available for lease in Whittier, CA.
      13601 Whittier Blvd, Whittier, CA 90605
      View Details
    • $1.30 SF/Yr
      3,548 SF

      Flex Space in Painter Business Park

      Multi-tenant building with office and warehouse space for lease.
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      View Details
    • Contact for pricing
      1,278 SF

      Move-In Ready Whittier Office Space

      Desirable Whittier office space with multiple private offices and conference room.
      9209 Colima Rd, Whittier, CA 90605
      View Details
    • Contact for pricing
      800 SF

      Whittier Office Space Available

      Office space for lease in Whittier, California.
      9209 Colima Rd, Whittier, CA 90605
      View Details
    • $24 SF/Yr
      3,678 SF

      Colima Medical Center Suites Available

      Whittier Office Space: Move-in Ready Suites
      9209 Colima Rd, Whittier, CA 90605
      View Details
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    8520 Michigan Ave
    Whittier, CA 90605-1400
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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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