El Monte Land For
For Sale
Contact for pricing
11400 Garvey Ave, El Monte, CA
22,510 SF land, currently Apollo Auto, NNN lease.
Property Size22,510 SF
Lot Size0.52 Acres
Price / SF$143.94
Days on Market567
Property Features for 11400 Garvey Ave
General Information
Standard status
Active
Size
22,510 SF
Lot size
0.52 Acres
Property subtype
LAND
Listing Agency:
CBRE
(909) 418-2000
Listed By:
Justin Marlowe · License #01992131
(714) 922-5916
Source:
Moodyscre
Added: Feb 20, 2025
Changed: Sep 3
Last Checked: Sep 9 at 8:42AM
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 CBRE
Investment Insights
Based on property information with market context.
This property features 22,510 square feet of land. It is currently occupied by Apollo Auto under a NNN lease. The property is adjacent to a residential development.
Key Highlights
- 22,510 SF of Land
- NNN Lease
- Currently Apollo Auto
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
$279,633
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
8.63%
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%
$5,592,660
$5.6M
Cap Rate 7%
$3,994,757
$4.0M
Cap Rate 9%
$3,107,033
$3.1M
Market Conditions
NOI Build-Up for 22,510 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
$426.8K $18.96/SF
− Vacancy
−$27.3K −$1.21/SF
EGI
$399.5K $17.75/SF
− OpEx
−$119.8K −$5.32/SF
NOI
$279.6K $12.42/SF
Area
El Monte, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$5,592,660
Cap Rate 7%
$3,994,757
Cap Rate 9%
$3,107,033
Alternative Uses
Best Use
Retail
$8.13M
$7.11M – $9.48M
NOI $568,984 @ 7.0% cap · market cap 17.56%
Second Best
Industrial
$3.99M
$3.50M – $4.66M
NOI $279,633 @ 7.0% cap · market cap 8.63%
Theoretical Best
Multifamily LT 5
$427.73M
$374.26M – $499.02M
NOI $29,941,066 @ 7.0% cap · market cap 924.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,419
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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- Budget — 2858 Santa Anita Ave, El Monte, CA 91733
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- U-Box at U-Haul — 10704-28 Garvey Ave, El Monte, CA 91733
Frequently Asked Questions
What type of property is this?
Automotive property - 22,510 SF land, currently Apollo Auto, NNN lease.
Where is this automotive property located?
The property is located at 11400 Garvey Ave El Monte, CA.
What is the asking price?
The asking price for this property is $3,240,000.
What are key features of this property?
This property features: 22,510 SF of Land; NNN Lease; Currently Apollo Auto
