Freestanding Net-Leased Retail
10231 Old River School Downey, CA 90241
10231 Old River School, Downey, CA, 90241
$750,000
For Sale
$750,000
Single-tenant freestanding building with ground-level access and a private gated parking lot.
Property Size1,603 SF
Price / SF$467.87
Days on Market206
Property Features for 10231 Old River School
General Information
- Standard status
- Active
- Size
- 1,603 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1941
Listing agency
Coldwell Banker Res. Brokerage
(760) 804-8200
Listed by
Stacie Hatfield · License #01988835
Source
Xome
Added: Dec 27, 2025 Updated: Jul 21 at 6:41PM Checked: Jul 21 at 6:41PM
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 Coldwell Banker Res. Brokerage
Investment Insights
Based on property information with market context.
This freestanding commercial building is configured as a single-tenant, net-leased asset. The property includes ground-level access via a dedicated door and features a private gated parking lot for tenant use.
The offering is presented as a long-term net investment opportunity, with the current occupant operating under an established tenancy of over 10 years. The tenant is responsible for property expenses and maintenance, supporting a low-management structure.
The building’s size is approximately 1,600 square feet and it is positioned to provide strong street presence in the immediate area.
The offering is presented as a long-term net investment opportunity, with the current occupant operating under an established tenancy of over 10 years. The tenant is responsible for property expenses and maintenance, supporting a low-management structure.
The building’s size is approximately 1,600 square feet and it is positioned to provide strong street presence in the immediate area.
Key Highlights
- 1,600 SF freestanding single‑tenant commercial building in Downey
- Occupied by a long‑term tenant with over 10 years in place
- Tenant has ground‑level access through a ground‑level access door
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.2k | $36.96 |
| − Vacancy | −$1.4k | −$0.85 |
| EGI | $57.9k | $36.11 |
| − OpEx | −$17.4k | −$10.83 |
| NOI | $40.5k | $25.28 |
1,603 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$578.8K
$506.5K – $675.3K
NOI $40,519 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.0K
$572.3K – $763.0K
NOI $45,782 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rivers Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Single-tenant freestanding building with ground-level access and a private gated parking lot.
Where is this nnn property located?
The property is located at 10231 Old River School Downey, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,600 SF freestanding single‑tenant commercial building in Downey; Occupied by a long‑term tenant with over 10 years in place; Tenant has ground‑level access through a ground‑level access door
