Office and Retail Suite with
For Sale
$450,000
111-300 S Garfield Avenue, Monterey Park, CA 91754
Versatile suite with spa-ready interior rooms and large front windows for client-facing service and professional use.
Property Size856 SF
Price / SF$525.70
Days on Market64
Property Features for 111-300 S Garfield Avenue
General Information
Standard status
Active
Size
856 SF
Additional Details
Business Included
Yes
Listing Agency:
High Ten Partners, Inc.
(626) 462-5678
Listed By:
Shumei Kam · License #00798181
(626) 462-5678
Source:
Exprealty
Added: May 29
Changed: Jul 10
Last Checked: Jul 30 at 12:37PM
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 High Ten Partners, Inc.
Investment Insights
Based on property information with market context.
This commercial office/retail suite is located in a well-established multi-tenant building and is approximately 856 square feet. The layout is designed to support both client-facing and operational needs, with a welcoming reception or open service area, multiple private rooms, and utility or storage areas. Laundry hookups are included, and the interior configuration offers straightforward flexibility for a new operator. Large front windows bring in natural light and provide street presence.
The suite is positioned on S Garfield Avenue in Monterey Park, within a central business setting. The surrounding area includes retail centers, restaurants, and professional services, with convenient access to nearby major thoroughfares. Large street-facing windows also support visibility from the public realm.
The space is a strong fit for owner-users or investors seeking a flexible location for professional, medical, spa and wellness, beauty, office, or service-oriented operations. The combination of reception space, private rooms, and utility/storage areas allows for day-to-day functionality while still leaving room to tailor the suite to a specific business concept. Access and convenient street presence make it workable for client appointments and walk-in traffic.
The suite is positioned on S Garfield Avenue in Monterey Park, within a central business setting. The surrounding area includes retail centers, restaurants, and professional services, with convenient access to nearby major thoroughfares. Large street-facing windows also support visibility from the public realm.
The space is a strong fit for owner-users or investors seeking a flexible location for professional, medical, spa and wellness, beauty, office, or service-oriented operations. The combination of reception space, private rooms, and utility/storage areas allows for day-to-day functionality while still leaving room to tailor the suite to a specific business concept. Access and convenient street presence make it workable for client appointments and walk-in traffic.
Key Highlights
- Commercial office/retail suite for sale in a multi‑tenant building on S Garfield Ave in Monterey Park
- Approximately 856 SF suite previously operated as a spa
- Spa‑ready interior with reception/open service area, multiple private rooms, and utility/storage areas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $38.40 |
| − Vacancy | −$7.9k | −$9.25 |
| EGI | $24.9k | $29.15 |
| − OpEx | −$6.2k | −$7.29 |
| NOI | $18.7k | $21.86 |
856 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$267.3K
$233.9K – $311.9K
NOI $18,711 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.3K
$401.0K – $534.7K
NOI $32,081 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Versatile suite with spa-ready interior rooms and large front windows for client-facing service and professional use.
Where is this spa & wellness property located?
The property is located at 111-300 S Garfield Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Commercial office/retail suite for sale in a multi‑tenant building on S Garfield Ave in Monterey Park; Approximately 856 SF suite previously operated as a spa; Spa‑ready interior with reception/open service area, multiple private rooms, and utility/storage areas
