Vacant White-Box Retail
For Sale
Contact for pricing
11700 Arkansas Street, Artesia, CA 90701
Ground-floor retail space with white-box delivery and the flexibility to create multiple smaller units.
Property Size2,272 SF
Price / SF$392.61
Days on Market9
Property Features for 11700 Arkansas Street
General Information
Standard status
Active
Size
2,272 SF
Property subtype
Retail
Additional Details
Floor
Ground
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Downtown, California
Listed By:
James Rodriguez · License #CA 01164377
(213) 532-3284
Source:
Crexi
Added: Aug 28
Changed: Sep 4
Last Checked: Sep 4 at 2:18PM
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 Colliers - Los Angeles - Downtown, California
Investment Insights
Based on property information with market context.
This 2,272 SF ground-floor retail condominium is offered vacant in white-box condition within Egin House, a new 2.65-acre mixed-use townhome development. The layout can be configured into multiple units, providing flexibility for a single occupant or smaller users. Building 1 is one of two retail condominium units in the project and may be purchased separately or together with Building 10.
The property is located at 11700 Arkansas Street in Artesia, immediately off the 91 Freeway, with access to the 605 and 5 Freeways. Cerritos College is within ½ mile; the 135-acre community college has 24,000 students attending annually. The retail units serve as the entrance frontage for the residential village, positioned within a new townhome setting.
The property is located at 11700 Arkansas Street in Artesia, immediately off the 91 Freeway, with access to the 605 and 5 Freeways. Cerritos College is within ½ mile; the 135-acre community college has 24,000 students attending annually. The retail units serve as the entrance frontage for the residential village, positioned within a new townhome setting.
Key Highlights
- 2,272 SF vacant ground‑floor retail condominium unit
- White‑box condition supports customized interior buildout
- Can be divided into multiple units for smaller users
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
$50,267
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
5.64%
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%
$1,005,340
$1.0M
Cap Rate 7%
$718,100
$718.1K
Cap Rate 9%
$558,522
$558.5K
Market Conditions
NOI Build-Up for 2,272 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
$76.9K $33.84/SF
− Vacancy
−$5.1K −$2.23/SF
EGI
$71.8K $31.61/SF
− OpEx
−$21.5K −$9.48/SF
NOI
$50.3K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,005,340
Cap Rate 7%
$718,100
Cap Rate 9%
$558,522
Alternative Uses
Best Use
Retail
$718.1K
$628.3K – $837.8K
NOI $50,267 @ 7.0% cap · market cap 5.64%
Second Best
Mixed Use
$657.3K
$575.1K – $766.8K
NOI $46,008 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,149 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 31%
Dining 25%
Hotels & Casinos 3%
Stater Bros. Markets
Groceries
26,169 visits/mo
0.4 miles
ARCO
Shops & Services
22,741 visits/mo
0.2 miles
Sprouts Farmers Market
Groceries
20,912 visits/mo
0.5 miles
El Pollo Loco
Dining
12,129 visits/mo
0.2 miles
Denny's
Dining
9,373 visits/mo
0.3 miles
Demographics for 90701, CA
16,434
Population
4,657
Households
3.5
Avg Household Size
41
Median Age
32%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
10,271
Density / Sq Mi
$97,712
Median Household Income
$37,448
Median Earnings
$2,276
Median Rent
$763,700
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 - Ground-floor retail space with white-box delivery and the flexibility to create multiple smaller units.
Where is this retail space located?
The property is located at 11700 Arkansas Street Artesia, CA.
What is the asking price?
The asking price for this property is $892,000.
What are key features of this property?
This property features: 2,272 SF vacant ground‑floor retail condominium unit; White‑box condition supports customized interior buildout; Can be divided into multiple units for smaller users
