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    Inglewood Retail and Office Spaces Title is generated by Realmo AI

    11030 Avenue, Inglewood, CA 90304

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    Flexible retail and office spaces in a prime Inglewood location.

    Type:Retail
    Property size:
    4,468 SF
    Added:
    Nov 24, 2024
    Days on Market:
    557
    Last Refresh:
    May 12 at 9:47 pm

    Property Features for 11030 Avenue

    General Information

    Standard status
    Active
    Size
    4,468 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1990

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    Listing Contact
    Marcus Hernandez

    Listing agent Marcus Hernandez

    Listing office

    Listing date Nov 24, 2024

    Source Xome

    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 Marcus Hernandez

    HighLights

    • Prime location in Inglewood's booming redevelopment zone with high visibility and excellent foot and vehicle traffic.
    • Flexible retail and office spaces available, ranging from 325 SF to 525 SF on the first floor.
    • Multiple suites available immediately with monthly rates starting from $812.50.
    • Centrally located near major landmarks including LAX, The Forum, and the new L.A. Clippers arena.
    • Suitable for a variety of professional and service‑based businesses (accounting, legal, salons, etc.).
    • Lease terms available from 1‑5 years at $27.00/SF/YR + $2.50/SF CAM (Triple Net).

    Overview

    Retail and office spaces are available for lease at Tapatio Plaza, situated in Inglewood's redevelopment community. The property offers spaces suitable for professional and service-based businesses. Available spaces range from 325 to 525 square feet on the first floor. Lease terms range from 1 to 5 years at a rate of $27.00 per square foot per year, plus $2.50 per square foot for CAM (Triple Net). Monthly rates start from $900 to $1,500. Immediate availability is offered. Flexible space combinations are available, including approximately 1,700 square feet on the second level and approximately 750 square feet on the first floor. The location provides high visibility with foot and vehicle traffic. It is centrally located near Los Angeles International Airport (LAX), The Forum, and the new L.A. Clippers arena. The property is situated in Inglewood’s redevelopment zone. It is suited for professional offices such as accounting, legal, insurance, and postal services, as well as telecommunications and service-oriented businesses like salons and wellness services. Available units include Suite #2 (432 square feet at $1,080 per month), Suite #3 (325 square feet at $812.50 per month), Suite #7 (432 square feet at $1,080 per month), and Suite #8 (325 square feet at $812.50 per month). The property size is 4,468 square feet. All square footage measurements are approximate and should be verified.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.357
    Latitude
    33.9381

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    FAQs

    What type of property is this?
    Retail space - Flexible retail and office spaces in a prime Inglewood location.
    Where is this retail space located?
    The property is located at 11030 Avenue Inglewood, CA.
    What are key features of this property?
    This property features: Prime location in Inglewood's booming redevelopment zone with high visibility and excellent foot and vehicle traffic.; Flexible retail and office spaces available, ranging from 325 SF to 525 SF on the first floor.; Multiple suites available immediately with monthly rates starting from $812.50.
    (626) 722-0299
    We can help!
    Listing Contact
    Marcus Hernandez
    Learn More
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    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.

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