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

    102 S Myrtle Ave Monrovia, CA 91016

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Rare, newer 2nd generation space in downtown Monrovia.

    Property Features for 102 S Myrtle Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Dan Bacani
    Dan Bacani
    Source: Crexi

    Listing Agency: Lee & Associates - Pasadena Listing Agent: Dan Bacani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Monrovia Retail/Restaurant/Office Space Available

    A newer, second-generation coffee/tea shop space is available for lease in downtown Monrovia, California. The space is located in a shopping center that features an exceptional parking ratio. Potential uses include medical offices, various types of retail, and full-service restaurants. The property includes an outdoor patio, the area of which is not included in the rentable square footage. The corner suite offers excellent visibility in Old Town Monrovia. The end-cap location provides signage potential in three directions along two commercial corridors. The property is located across from a 93,390 square foot Vons-anchored community center that formerly saw an average of 40,793 grocery store customer visits per week, according to the shopping center's previous owner.
    Location Intelligence

    Current Use by Public Records

    Starbucks Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    The Coffee Bean & Tea Leaf, Starbucks, Girasol Cocina Mexicana, Boba Friend, Mamma's Juicery

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.0006785
    Latitude
    34.1511423

    Nearby Similar for Lease

    • Contact for pricing

      Monrovia Old Town Retail Space

      Prime retail/restaurant space in the heart of Old Town Monrovia.
      535 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Downtown Monrovia Office Space

      Prime office space in downtown Monrovia with excellent amenities.
      511 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Monrovia Industrial Space For Lease

      Industrial space with immediate freeway access in established corridor.
      1321 S Shamrock Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Retail Space Near I-210 Freeway

      Retail opportunity in affluent San Gabriel Valley trade area.
      542 West Huntington Dr, Monrovia, CA 91016
      View Details
    • $2 SF/Yr
      7,787 SF

      Monrovia Office Building For Rent

      Four-story office building near the 210 Freeway.
      1333 South Mayflower Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Monrovia Industrial Space For Lease

      750 SF industrial space in a renovated unit.
      147 E Foothill Blvd, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Downtown Monrovia Office Space

      Prime 1,061 USF office space in Downtown Monrovia.
      511 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • $1.89 SF/Yr

      Corner Industrial Building with Loading

      Corner industrial building near 210 Freeway and Monrovia Metro.
      1601 Raymond Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing
      333 SF

      Leased Office Building in Monrovia

      100% leased office building located in Monrovia, California.
      519-521 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Freestanding Food Processing Building For Rent

      5,113 SF food processing building with fenced parking in Monrovia.
      852 S Alta Vista Ave, Monrovia, CA 91016
      View Details
    • $2.00 SF/Yr
      4,091 SF

      Old Town Monrovia Retail Space

      Prime retail/restaurant space in Old Town Monrovia.
      535 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • $4 SF/Yr
      24,962 SF

      Equipped Lab and Office Space

      Ready-to-operate lab and office space available for lease.
      111 W Lemon Ave, Monrovia, CA 91016
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Rare, newer 2nd generation space in downtown Monrovia.
    Where is this coffee shop located?
    The property is located at 102 S Myrtle Ave Monrovia, CA.
    What are key features of this property?
    This property features: - Rare, newer 2nd generation coffee/tea shop space.; - Excellent visibility from a corner suite in Old Town Monrovia.; - End-cap location with signage potential in three directions.
    (626) 242-7790
    Request Owner's contact information
    102 S Myrtle Ave Monrovia, CA 91016
    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.
    102 S Myrtle Ave
    Monrovia, CA 91016
    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
    102 S Myrtle Ave Monrovia, CA 91016
    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

    We can help!
    Listing Contact
    Dan Bacani
    Dan Bacani
    Real Estate License ID: 01385413
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!