Industrial Property in South
For Sale
$18,000,000
10647 Garfield Ave, South Gate, CA 90280
Five-acre industrial property with specialized buildings in South Gate, CA.
Property Size75,000 SF
Lot Size4.58 Acres
Days on Market167
Property Features for 10647 Garfield Ave
General Information
Standard status
Active
Size
75,000 SF
Lot size
4.58 Acres
Property subtype
Industrial
Building Details
Building Size
75,000 SF
Year Built
1959
Listing Agency:
Wallstreet Realty
(562) 228-5029
Listed By:
Arthur Hernandez · License #01840044
Source:
Elliman
Added: Mar 11
Changed: Aug 23
Last Checked: Aug 24 at 9:06AM
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 Wallstreet Realty
Investment Insights
Based on property information with market context.
This property comprises six contiguous parcels, totaling just under 5 acres. The site features several structures previously utilized for electromagnetic plating of parts, primarily serving the aviation and space industries. A parcel map is available. Some buildings are equipped with specialized electrical service and include heating and air conditioning, necessary for the processes involved in manufacturing finished products.
Key Highlights
- Consists of 6 contiguous parcels totaling just under 5 acres.
- Structures previously used for electromagnetic plating of parts.
- Served the aviation and space industries.
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
$876,456
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
4.87%
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%
$17,529,120
$17.5M
Cap Rate 7%
$12,520,800
$12.5M
Cap Rate 9%
$9,738,400
$9.7M
Market Conditions
NOI Build-Up for 75,000 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
$1.33M $17.76/SF
− Vacancy
−$79.9K −$1.07/SF
EGI
$1.25M $16.69/SF
− OpEx
−$375.6K −$5.01/SF
NOI
$876.5K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
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%
$17,529,120
Cap Rate 7%
$12,520,800
Cap Rate 9%
$9,738,400
Alternative Uses
Best Use
Industrial
$12.52M
$10.96M – $14.61M
NOI $876,456 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$40.15M
$35.14M – $46.85M
NOI $2,810,830 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 90280, CA
92,678
Population
25,395
Households
3.6
Avg Household Size
34
Median Age
12%
College-Educated
59%
High-School Grad
7.4 sq mi
ZIP Area
12,524
Density / Sq Mi
$71,379
Median Household Income
$34,547
Median Earnings
$1,471
Median Rent
$608,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Five-acre industrial property with specialized buildings in South Gate, CA.
Where is this manufacturing property located?
The property is located at 10647 Garfield Ave South Gate, CA.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: Consists of 6 contiguous parcels totaling just under 5 acres.; Structures previously used for electromagnetic plating of parts.; Served the aviation and space industries.
