Prime Corner Retail
For Sale
Contact for pricing
110 Mildred Ave, Venice, CA
Corner retail property in a vibrant Southern California location.
Property Size11,408 SF
Lot Size0.16 Acres
Price / SF$758.24
Days on Market425
Property Features for 110 Mildred Ave
General Information
Standard status
Active
Size
11,408 SF
Lot size
0.16 Acres
Property subtype
RETAIL
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 966-4352
Listed By:
T.C. Macker · License #CA 01232033
Source:
Moodyscre
Added: Jun 12, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:59AM
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 WESTMAC Commercial Brokerage Company
Investment Insights
Based on property information with market context.
This is a retail property offering an opportunity to purchase corner real estate in a vibrant commercial and residential market. The property has a size of 11408 square feet and is located in Southern California.
Key Highlights
- Prime corner real estate
- Located in one of Southern California’s most visited locations
- Vibrant commercial market
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
$264,748
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
3.06%
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%
$5,294,960
$5.3M
Cap Rate 7%
$3,782,114
$3.8M
Cap Rate 9%
$2,941,644
$2.9M
Market Conditions
NOI Build-Up for 11,408 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
$421.6K $36.96/SF
− Vacancy
−$43.4K −$3.81/SF
EGI
$378.2K $33.15/SF
− OpEx
−$113.5K −$9.95/SF
NOI
$264.7K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$5,294,960
Cap Rate 7%
$3,782,114
Cap Rate 9%
$2,941,644
Alternative Uses
Best Use
Retail
$3.78M
$3.31M – $4.41M
NOI $264,748 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$231.12M
$202.23M – $269.64M
NOI $16,178,346 @ 7.0% cap · market cap 187.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,395
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Apparel 34%
Shops & Services 8%
Adidas
Apparel
6,860 visits/mo
0.4 miles
Salt & Straw
Dining
6,391 visits/mo
0.4 miles
Intelligentsia Coffee
Dining
4,386 visits/mo
0.5 miles
Warby Parker
Shops & Services
1,606 visits/mo
0.4 miles
Pressed Juicery
Dining
858 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail 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?
Retail property - Corner retail property in a vibrant Southern California location.
Where is this retail property located?
The property is located at 110 Mildred Ave Venice, CA.
What is the asking price?
The asking price for this property is $8,650,000.
What are key features of this property?
This property features: Prime corner real estate; Located in one of Southern California’s most visited locations; Vibrant commercial market
