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    Remodeled Liquor Store Title is generated by Realmo AI

    116 North Rowan Avenue, Los Angeles, CA 90063

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    Turnkey, fully remodeled off-sale liquor store with a Type 21 license and dedicated on-site parking.

    Type:Retail, Business for Sale
    Property size:
    787 SF
    Price / SF:
    $228/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 3:51 am

    Property Features for 116 North Rowan Avenue

    General Information

    Standard status
    Active
    Size
    787 SF
    Property subtype
    Retail, Business for Sale

    Building Details

    Year Built
    1922

    We can help!

    Listing Contact
    Tim Steuernol

    Listing agent Tim Steuernol License #01742766

    Listing office NAI Capital Commercial, Inc

    Listing date Jun 2, 2026

    Source Crexi

    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 NAI Capital Commercial, Inc

    HighLights

    • Fully remodeled liquor store at 114 N Rowan Ave with a Type 21 Off‑Sale General License
    • New interior and exterior improvements, including a renovated exterior façade
    • New built‑in refrigeration and a refreshed interior layout for efficient operations
    • Dedicated on‑site parking
    • Located directly adjacent to a new construction apartment building
    • Minutes from the Metro Line for commuter accessibility

    Overview

    This fully remodeled liquor store is offered as a turnkey operation and includes a Type 21 Off-Sale General License. The property has brand-new interior and exterior improvements, a refreshed interior layout designed to support efficient operations, and a renovated exterior façade. Built-in refrigeration has been installed to support day-to-day merchandising and inventory needs.

    Located at 116 North Rowan Avenue in East Los Angeles, the store benefits from prominent storefront presence and dedicated on-site parking. The property is positioned directly adjacent to a brand-new construction apartment building, contributing to a steady presence of nearby residents. Accessibility is also supported by proximity to the Metro Line, serving both local foot traffic and commuter access.

    This site is well suited for an owner-operator or investor seeking a retail liquor business that is already set up to operate under the existing off-sale license. With its modernized build-out, on-site parking, and retail-oriented interior configuration, it presents a practical option for buyers looking to take over a ready-to-run convenience-focused neighborhood use.
    Location Intelligence

    Current Use by Public Records

    Zozaya Market & Liquor (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Nena Flowers — 600 S Indiana St, Los Angeles, CA 90023
    • LA Dodgers — 617 s rowan ave, los angeles, ca 90023
    • Love's Flowers — 3554 1st St, Los Angeles, CA 90063
    • B & E Flowers — 3705 1st St, Los Angeles, CA 90063
    • Leon's Flowers & Supplies — 111 N Ditman Ave, Los Angeles, CA 90063

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1867988
    Latitude
    34.0363023

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    FAQs

    What type of property is this?
    Storefront property - Turnkey, fully remodeled off-sale liquor store with a Type 21 license and dedicated on-site parking.
    Where is this storefront property located?
    The property is located at 116 North Rowan Avenue Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Fully remodeled liquor store at 114 N Rowan Ave with a Type 21 Off‑Sale General License; New interior and exterior improvements, including a renovated exterior façade; New built‑in refrigeration and a refreshed interior layout for efficient operations
    (310) 406-9110 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Steuernol
    Real Estate License ID: 01742766
    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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