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

    431 S Raymond Avenue Alhambra, CA 91803

    View on Map
    For Lease
    $3,750 /Mo

    Commercial Lease - Alhambra, CA

    Property size:
    19,450 SF
    Added:
    Mar 13, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 431 S Raymond Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    5342020037
    Size
    19,450 SF

    Building Details

    Year built
    1978
    Architectural style
    Other

    We can help!

    Listing Contact
    Shumei Kam

    Listing agent Shumei Kam License #00798181

    Listing office High Ten Partners, Inc. 1611 S. Garfield Ave., Alhambra, CA

    Listing date Mar 13, 2026

    MLS# AR26055610 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Alhambra Commercial Office/Warehouse Unit

    Available for lease is a commercial office/warehouse unit located in Alhambra, California. The unit offers approximately 2,678 square feet of space, featuring private office rooms and warehouse space. The flexible layout is suitable for a variety of business uses, including office, warehouse, showroom, distribution, or light industrial use. The property is located in the Mission & Fremont district of Alhambra, offering accessibility and a professional business environment. The location provides easy access to surrounding commercial corridors and freeways. Major retail anchors, including Costco Wholesale and Target, are located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A CoolZone AC Repair ... Hardware & Home Improvement Brendan Sowersby Department Store 100 x Better ... Production Facility Andrew Gray Studio General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alhambra
    County
    Los Angeles
    State
    California
    Longitude
    -118.145361
    Latitude
    34.0851468

    Nearby Similar for Lease

    • Contact for pricing

      Alhambra Office Space Available

      Well-maintained office building with functional layout, suitable for various users.
      205 S Chapel Avenue, Alhambra, CA 91801
      View Details
    • $2/mo

      Mixed-Use Building in Alhambra

      High-visibility mixed-use building in Alhambra's vibrant downtown.
      305 West Main Street, Alhambra, CA 91801
      View Details
    • Contact for pricing

      Retail Space in Alhambra, CA

      Retail space available for lease in Alhambra, California.
      240 W Main Street, Alhambra, CA 91801
      View Details
    • Contact for pricing

      Alhambra Office Space Available

      990 square foot office space for lease in Alhambra.
      1432 S Garfield, Alhambra, CA 91801
      View Details
    • Contact for pricing

      Corner Office Suite with Views

      Top floor corner suite with spectacular San Gabriel Valley views.
      1721 Garvey, Alhambra, CA 91803
      View Details
    • Contact for pricing

      Prime Alhambra Office/Retail Space

      New mixed-use space in downtown Alhambra, built-out and ready.
      101 S Chapel Avenue, Alhambra, CA 91801
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Highly visible retail or office space in a bustling area.
      529 W Main St, Alhambra, CA, 91801
      View Details
    • $1.85/mo

      Alhambra Retail Space Available

      Retail space available for lease in Alhambra, California.
      401-419 W Main St, Alhambra, CA
      View Details
    • $2/mo

      Master Planned Business Park

      45-acre business park with freeway access and dining options.
      1000 South Fremont Avenue, Alhambra, CA, 91803
      View Details
    • Contact for pricing

      Alhambra Office Space Available

      2500 sqft office suite with parking in Alhambra.
      1041 S Garfield Ave Ste 210, Alhambra, CA, 91801-4767
      View Details
    • $1.69/mo

      Alhambra Flex/Industrial Space Available

      Flex/Industrial space for rent in Alhambra, California.
      711 South Palm Avenue, Alhambra, CA, 91803
      View Details
    • $0.98/mo

      Free Standing Building For Rent

      3,000 SF showroom with high ceiling and HVAC.
      1600 Orange St, Alhambra, CA
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile commercial space in prime Alhambra location for lease.
    Where is this flex space located?
    The property is located at 431 S Raymond Avenue Alhambra, CA.
    What is the lease rate?
    The lease rate is $3,750 /Mo.
    What are key features of this property?
    This property features: Prime Alhambra location in the desirable Mission & Fremont district.; Versatile space suitable for office, warehouse, showroom, distribution, or light industrial use.; Approximately +/- 2,678 sq ft of flexible layout with **private office rooms and warehouse space.**
    (626) 202-6446
    We can help!
    Listing Contact
    Shumei Kam
    Real Estate License ID: 00798181
    Learn More
    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.
    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!