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    11700-11860 S Wilmington Ave Los Angeles, CA 90059

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    For Lease
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    Retail spaces in a dominant shopping center with high visibility.

    Property size:
    2,640 SF
    Lot size:
    2,640 SF

    Property Features for 11700-11860 S Wilmington Ave

    General Information

    Standard status
    Active
    Size
    2,640 SF

    We can help!

    Listing Contact
    Sam Aaron
    Sam Aaron
    Source: Cbre

    Listing Agency: CBRE South Bay Listing Agent: Sam Aaron

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

    Learn more

    Property Insight Report

    Overview

    Los Angeles Retail Center Space

    This retail property is located in a dominant shopping center anchored by Food-4-Less, Rite Aid, DD's Discounts, and Planet Fitness. The center is a prime community hub situated in a highly dense area of Los Angeles, with a population of 44,199 within a 1-mile radius and 411,719 within a 3-mile radius. Other tenants include Denny's, Subway, Taco Bell, McDonald's, Pizza Hut, KFC, and China Gate. The property is adjacent to the Willowbrook Rosa Parks Station – Metro Line, which is the 4th busiest Metro Rail Station, and a recently remodeled MLK JR. Outpatient Center. The location offers freeway visibility and restaurant signage opportunities. It is positioned along Wilmington Ave, which sees 29,622 vehicles per day, and is near the 105 Freeway, with a traffic volume of 243,000 vehicles per day. The Willowbrook/Rosa Parks Station is 0.3 miles away, and the Commerce Commuter Rail is 9.8 miles away. Available spaces range in size, with one space measuring 2,640 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, compras de sabana, Kenneth Hahn Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2387174
    Latitude
    33.9277084

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces in a dominant shopping center with high visibility.
    Where is this shopping center located?
    The property is located at 11700-11860 S Wilmington Ave Los Angeles, CA.
    What are key features of this property?
    This property features: - Anchored by Food-4-Less, Rite Aid, DD's Discounts, and Planet Fitness; - Located in a highly dense area of Los Angeles (44,199 people within 1 mile radius; 411,719 people within 3 mile radius); - Adjacent to New $109MM Willowbrook Rosa Parks Station – Metro Line (4th busiest Metro Rail Station)
    (310) 550-2500
    Request Owner's contact information
    11700-11860 S Wilmington Ave Los Angeles, CA 90059
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    Los Angeles, CA 90059
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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
    11700-11860 S Wilmington Ave Los Angeles, CA 90059
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    We can help!
    Listing Contact
    Sam Aaron
    Sam Aaron
    Real Estate License ID: 1828428
    (310) 550-2500
    Learn more
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