El Monte Plaza Restaurant
For Sale
$580,000
10343 Garvey Ave, El Monte, CA 91733
Restaurant unit for sale in El Monte Plaza.
Property Size742 SF
Price / SF$781.67
Days on Market115
Property Features for 10343 Garvey Ave
General Information
Standard status
Active
Size
742 SF
Listing Agency:
Keller Williams Realty
(408) 616-0705
Listed By:
Jeannie Chen · License #01227703
(408) 616-0705
Source:
Exprealty
Added: May 2
Changed: Aug 23
Last Checked: Aug 23 at 3:54AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
A 742 square foot building unit is available for sale at El Monte Plaza, located at 10343 Garvey Ave, El Monte, CA. Currently operating as RAMEN ICHIRAKU Restaurant, the space is suitable for various food service businesses, including a coffee shop, boba tea station, or hamburger store. The property benefits from a favorable location within the plaza.
Key Highlights
- Restaurant Space: Currently operating as RAMEN ICHIRAKU Restaurant.
- Versatile Use: Suitable for coffee, boba tea station, or hamburger store.
- Prime Location: Situated on Garvey Ave in El Monte Plaza.
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
$20,095
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
3.46%
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%
$401,900
$401.9K
Cap Rate 7%
$287,071
$287.1K
Cap Rate 9%
$223,278
$223.3K
Market Conditions
NOI Build-Up for 742 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
$27.4K $36.96/SF
− Vacancy
−$631 −$0.85/SF
EGI
$26.8K $36.11/SF
− OpEx
−$6.7K −$9.03/SF
NOI
$20.1K $27.08/SF
Area
El Monte, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
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%
$401,900
Cap Rate 7%
$287,071
Cap Rate 9%
$223,278
Alternative Uses
Best Use
Specialty Retail
$287.1K
$251.2K – $334.9K
NOI $20,095 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.10M
$12.34M – $16.45M
NOI $986,951 @ 7.0% cap · market cap 170.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91733, CA
41,990
Population
11,172
Households
3.8
Avg Household Size
36
Median Age
11%
College-Educated
56%
High-School Grad
6.7 sq mi
ZIP Area
6,267
Density / Sq Mi
$67,245
Median Household Income
$32,486
Median Earnings
$1,658
Median Rent
$601,600
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
- Eco Essential — 10161 Rush St, South El Monte, CA 91733
- Taquizas La Guera — 2241 Central Ave, South El Monte, CA 91733
- Sunseri's Bar and Beverage Catering — 10617 garvey ave, el monte, ca 91733
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant unit for sale in El Monte Plaza.
Where is this restaurant located?
The property is located at 10343 Garvey Ave El Monte, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Restaurant Space: Currently operating as RAMEN ICHIRAKU Restaurant.; Versatile Use: Suitable for coffee, boba tea station, or hamburger store.; Prime Location: Situated on Garvey Ave in El Monte Plaza.
