Monrovia Mixed-Use Office
For Sale
Contact for pricing
103 E Lemon Ave, Monrovia, CA 91016
Office space in Old Town Monrovia near amenities and transportation.
Property Size13,900 SF
Price / SF$50
Days on Market418
Property Features for 103 E Lemon Ave
General Information
Standard status
Active
Size
13,900 SF
Class
B
Property subtype
Office
Lease Term
Full Service; MG
Building Details
Building Size
13,900 SF
Properties For Sale
at 103 E Lemon Ave Contact usSuite 200
Size
2,465 SF
Type
Office Building
Term
Negotiable
Suite 210
Size
312 SF
Type
Office Building
Term
Negotiable
Suite 211
Size
122 SF
Type
Office Building
Term
Negotiable
Suite 212
Size
312 SF
Type
Office Building
Term
Negotiable
Suite 214
Size
312 SF
Type
Office Building
Term
Negotiable
Suite 216
Size
312 SF
Type
Office Building
Term
Negotiable
Suite 217
Size
310 SF
Type
Office Building
Term
Negotiable
Suite 221
Size
355 SF
Type
Office Building
Term
Negotiable
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Listing Agency:
Lee & Associates
Listed By:
Dan Bacani · License #CalDRE #01385413
(626) 242-7790
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Oct 27
Last Checked: Oct 30 at 11:32AM
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
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Investment Insights
Based on property information with market context.
The Baxter Building presents an opportunity to locate a business in one of Monrovia’s original mixed-use properties, situated in Old Town. This location is suitable for businesses transitioning from home-based operations or companies seeking to adjust their operational footprint. The property is located near Studio Movie Grill and various dining and retail options in Old Town Monrovia. Free covered and uncovered parking facilities are available nearby. The City of Monrovia has implemented the GoMonrovia program, a multi-modal transportation initiative, to enhance pedestrian and shopper accessibility in the downtown area. This program includes a partnership with Lyft, offering discounted ride-sharing, and Lime, a dockless bike-share provider, intended to facilitate transportation for residents, employees, and visitors within Monrovia. The property size is 13 square feet.
Key Highlights
- Prime location in Old Town Monrovia, steps from Studio Movie Grill, eateries, and shops.
- Ideal for home‑based businesses transitioning to office space or companies looking to downsize.
- Free covered and uncovered parking nearby.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,680
$5.7K
Cap Rate 7%
$4,057
$4.1K
Cap Rate 9%
$3,156
$3.2K
Market Conditions
NOI Build-Up for 13 SF
Gross rent
$499 $38.40/SF
− Vacancy
−$120 −$9.25/SF
EGI
$379 $29.15/SF
− OpEx
−$95 −$7.29/SF
NOI
$284 $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,680
Cap Rate 7%
$4,057
Cap Rate 9%
$3,156
Alternative Uses
Best Use
Office B
$4.1K
$3.6K – $4.7K
NOI $284 @ 7.0% cap · market cap 43.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.0K
$6.1K – $8.1K
NOI $487 @ 7.0% cap · market cap 74.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 91016, CA
41,852
Population
16,171
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
4,924
Density / Sq Mi
$99,555
Median Household Income
$51,120
Median Earnings
$2,008
Median Rent
$874,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office space in Old Town Monrovia near amenities and transportation.
Where is this office unit located?
The property is located at 103 E Lemon Ave Monrovia, CA.
What are key features of this property?
This property features: Prime location in Old Town Monrovia, steps from Studio Movie Grill, eateries, and shops.; Ideal for home‑based businesses transitioning to office space or companies looking to downsize.; Free covered and uncovered parking nearby.
