Commercial Building with Business
For Sale
$1,590,000
1170 N Wilmington Blvd, Wilmington, CA 90744
Commercial building with laundry-mat and water store business for sale.
Property Size2,146 SF
Lot Size0.13 Acres
Days on Market159
Property Features for 1170 N Wilmington Blvd
General Information
Standard status
Active
Size
2,146 SF
Lot size
0.13 Acres
Property subtype
Commercial
Building Details
Building Size
2,146 SF
Year Built
1962
Listing Agency:
West Shores Realty
(310) 541-8000
Listed By:
Jorge Moya · License #01774561
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:05PM
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 West Shores Realty
Investment Insights
Based on property information with market context.
This commercial building in Wilmington, California, presents an investment opportunity that includes both the real estate and an existing business. The property features a laundry-mat and a water store. The corner building benefits from its own parking, high visibility, and established clientele. Its location is near apartments and experiences significant foot traffic. The surrounding area is undergoing revitalization, with upcoming developments such as the Wilmington Waterfront Promenade and new housing projects, potentially attracting new businesses and customers to the area.
Key Highlights
- Commercial building with established laundromat and water store business included in sale.
- Corner lot location with dedicated parking.**
- High visibility and foot traffic due to proximity to apartments.
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
$49,803
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
3.13%
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%
$996,060
$996.1K
Cap Rate 7%
$711,471
$711.5K
Cap Rate 9%
$553,367
$553.4K
Market Conditions
NOI Build-Up for 2,146 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
$79.3K $36.96/SF
− Vacancy
−$8.2K −$3.81/SF
EGI
$71.1K $33.15/SF
− OpEx
−$21.3K −$9.95/SF
NOI
$49.8K $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%
$996,060
Cap Rate 7%
$711,471
Cap Rate 9%
$553,367
Alternative Uses
Best Use
Retail
$711.5K
$622.5K – $830.1K
NOI $49,803 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.48M
$38.04M – $50.72M
NOI $3,043,367 @ 7.0% cap · market cap 191.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 31%
Home Improvements & Furnishings 1%
76
Shops & Services
12,594 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,028 visits/mo
0.5 miles
Chevron
Shops & Services
6,253 visits/mo
0.4 miles
ExtraMile
Shops & Services
1,165 visits/mo
0.4 miles
United Rentals
Home Improvements & Furnishings
428 visits/mo
0.3 miles
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial building with laundry-mat and water store business for sale.
Where is this retail space located?
The property is located at 1170 N Wilmington Blvd Wilmington, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Commercial building with established laundromat and water store business included in sale.; Corner lot location with dedicated parking.**; High visibility and foot traffic due to proximity to apartments.
