Corner Retail Shopping
New
For Sale
$4,200,000
100 W Foothill, Azusa, CA 91702
Multi-tenant retail center at the Foothill and Azusa intersection with established food and personal-service tenants.
Property Size9,500 SF
Price / SF$442.11
Days on Market2
Property Features for 100 W Foothill
General Information
Standard status
Active
Size
9,500 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Building Details
Building Size
9,500 SF
Year Built
1978
Tenancy
Multi
Listing Agency:
Lee & Associates Commercial Real Estate Services, Inc. - Pasadena
Listed By:
Shao Chen · License #01923629
(626) 535-9888
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services, Inc. - Pasadena
Investment Insights
Based on property information with market context.
Cornerstone Plaza is a 9,500-square-foot shopping center completed in 1978, positioned at the intersection of Foothill and Azusa in Azusa, California. The multi-tenant property currently includes Nektar Juice, Subway, and Pearl Nail Spa, providing a mix of food, beverage, and personal-service occupancy.
The center is within walking distance of Target, the Azusa Metro Station, and The Orchard mixed-use development. Azusa Pacific University and Citrus College are a few minutes away. Walk Score is 56, Bike Score is 47, and Transit Score is 39, reflecting some pedestrian, bicycle, and transit access.
The center is within walking distance of Target, the Azusa Metro Station, and The Orchard mixed-use development. Azusa Pacific University and Citrus College are a few minutes away. Walk Score is 56, Bike Score is 47, and Transit Score is 39, reflecting some pedestrian, bicycle, and transit access.
Key Highlights
- 9,500 SF multi‑tenant shopping center
- Completed in 1978
- Corner location at Foothill and Azusa
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$210,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,203,680
$4.2M
Cap Rate 7%
$3,002,629
$3.0M
Cap Rate 9%
$2,335,378
$2.3M
Market Conditions
NOI Build-Up for 9,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$321.5K $33.84/SF
− Vacancy
−$21.2K −$2.23/SF
EGI
$300.3K $31.61/SF
− OpEx
−$90.1K −$9.48/SF
NOI
$210.2K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,203,680
Cap Rate 7%
$3,002,629
Cap Rate 9%
$2,335,378
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.50M
NOI $210,184 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.09M
$4.45M – $5.93M
NOI $356,038 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Carl's Jr.
Dining
9,827 visits/mo
0.5 miles
Taco Bell
Dining
7,137 visits/mo
0.5 miles
Demographics for 91702, CA
62,328
Population
18,218
Households
3.4
Avg Household Size
34
Median Age
24%
College-Educated
78%
High-School Grad
65.0 sq mi
ZIP Area
959
Density / Sq Mi
$87,577
Median Household Income
$35,714
Median Earnings
$1,847
Median Rent
$604,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bretoes — 16018 Adelante St, Irwindale, CA 91702
- The Orchard Downtown Azusa — Azusa, CA 91702
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center at the Foothill and Azusa intersection with established food and personal-service tenants.
Where is this shopping center located?
The property is located at 100 W Foothill Azusa, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 9,500 SF multi‑tenant shopping center; Completed in 1978; Corner location at Foothill and Azusa
