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    11610 Imperial Hwy Norwalk, CA 90650

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    For Sale
    $4,034,000

    Multi-tenant retail property with established tenants and upside potential.

    Property size:
    5,800 SF
    Lot size:
    0.69 Acres

    Property Features for 11610 Imperial Hwy

    General Information

    Standard status
    Active
    Size
    5,800 SF
    Lot size
    0.69 Acres

    Building Details

    Year built
    1978

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    Listing Contact
    Nick Miller
    Source: Crexi

    Listing Agency: Faris Lee Investments Listing Agent: Nick Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Norwalk Retail Investment Opportunity

    This multi-tenant retail property is located on Imperial Highway in Norwalk, California. The property is occupied by Vans and Albert’s Mexican Food. Vans operates under a corporate lease executed by VF Outdoor, LLC, the principal operating subsidiary of VF Corporation (NYSE: VFC). Albert’s Mexican Food has been a local establishment since 2009. Both tenants are currently on short-term leases with no remaining options, presenting opportunities to enhance cash flow and increase the weighted average lease term. Albert’s Mexican Food is paying rent below market rates for comparable drive-thru QSR assets. The Vans lease allows an investor to negotiate a long-term extension or recapture the space to re-tenant at market rates. Structured as a Triple Net (NNN) asset, the tenants are responsible for property taxes, insurance, common area maintenance (CAM), and HVAC. The property benefits from a location at the signalized intersection of Imperial Highway and Jersey Avenue and proximity to the on/off ramps for Interstates 5, 605, and 105. It also features large pole and monument signage. The property is positioned in a dense area of Los Angeles County, with over 223,000 residents, nearly 100,000 daytime employees, and an average household income exceeding $116,000 within a three-mile radius. The area is undergoing redevelopment, including over 600 new residential units planned or underway through projects like the Keystone Lanes redevelopment, Primestor’s “The Walk” mixed-use district, and the Alondra Maidstone project. The property size is 5,800 square feet.
    Location Intelligence

    Current Use by Public Records

    Albert's Mexican Food Restaurant ATM Atm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Los Angeles
    State
    California
    Longitude
    -118.0859196
    Latitude
    33.9167771

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    FAQs

    What type of property is this?
    Retail space - Multi-tenant retail property with established tenants and upside potential.
    Where is this retail space located?
    The property is located at 11610 Imperial Hwy Norwalk, CA.
    What is the asking price?
    The asking price for this property is $4,034,000.
    What are key features of this property?
    This property features: - Significant upside potential through rent adjustments and re-tenanting opportunities.; - Triple Net (NNN) lease structure offers a passive investment.; - Strong tenant history with Vans and Albert’s Mexican Food.
    (562) 756-7490
    Request Owner's contact information
    11610 Imperial Hwy Norwalk, CA 90650
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    Norwalk, CA 90650
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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.

    More about this property
    11610 Imperial Hwy Norwalk, CA 90650
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    Listing Contact
    Nick Miller
    Real Estate License ID: 02059453
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