Strip Mall
For Sale
Contact for pricing
10001 Hawthorne Boulevard, Inglewood, CA 90304
Retail commercial asset built in 1985.
Property Size12,407 SF
Price / SF$639.16
Days on Market61
Property Features for 10001 Hawthorne Boulevard
General Information
Standard status
Active
Size
12,407 SF
Property subtype
Retail
Occupancy
88%
Lease Type
NNN
Net Operating Income
$416,420
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Hanley Investment Group
(949) 585-7674
Listed By:
Kevin Fryman · License #CA 01321833
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 12:33PM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This strip mall property is located at 10001 Hawthorne Boulevard in Inglewood, California. The asset encompasses 12,407 square feet and dates to 1985, providing a clearly defined retail property with an established physical footprint.
Key Highlights
- 12,407‑square‑foot strip mall property
- Built in 1985
- Located at 10001 Hawthorne Boulevard, Inglewood, CA 90304
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
$313,611
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
3.95%
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%
$6,272,220
$6.3M
Cap Rate 7%
$4,480,157
$4.5M
Cap Rate 9%
$3,484,567
$3.5M
Market Conditions
NOI Build-Up for 12,407 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
$458.6K $36.96/SF
− Vacancy
−$10.5K −$0.85/SF
EGI
$448.0K $36.11/SF
− OpEx
−$134.4K −$10.83/SF
NOI
$313.6K $25.28/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /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%
$6,272,220
Cap Rate 7%
$4,480,157
Cap Rate 9%
$3,484,567
Alternative Uses
Best Use
Retail
$4.48M
$3.92M – $5.23M
NOI $313,611 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.43M – $5.91M
NOI $354,344 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,940
Businesses Nearby
277k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 36%
Groceries 9%
Electronics 3%
McDonald's
Dining
41,089 visits/mo
0.4 miles
Starbucks
Dining
36,667 visits/mo
0.5 miles
El Super
Groceries
25,568 visits/mo
0.4 miles
Dollar Tree
Shops & Services
23,138 visits/mo
0.5 miles
Chevron
Shops & Services
22,086 visits/mo
0.5 miles
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail commercial asset built in 1985.
Where is this strip mall located?
The property is located at 10001 Hawthorne Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $7,930,000.
What are key features of this property?
This property features: 12,407‑square‑foot strip mall property; Built in 1985; Located at 10001 Hawthorne Boulevard, Inglewood, CA 90304
