Freestanding Industrial Building For
1938 S Myrtle Ave Monrovia, CA
For Sale
Contact for pricing
Industrial building with a large fenced yard area available for purchase.
Property Size5,000 SF
Lot Size0.23 Acres
Price / SF$420
Days on Market445
Property Features for 1938 S Myrtle Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.23 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Lee & Associates
(909) 373-2715
Listed By:
Matthew Rodriguez · License #01059250
(909) 373-2715
Source:
Moodyscre
Added: May 6, 2025
Changed: Jul 6
Last Checked: Jul 22 at 4:19AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This is a freestanding industrial building featuring a large, fenced yard area. The property offers 5000 square feet of space and is located in Monrovia, California.
Key Highlights
- Free standing industrial building
- Large fenced yard area
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.4k | $16.08 |
| − Vacancy | −$3.9k | −$0.77 |
| EGI | $76.5k | $15.31 |
| − OpEx | −$11.5k | −$2.30 |
| NOI | $65.1k | $13.01 |
5,000 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$929.4K
$813.3K – $1.08M
NOI $65,060 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$834.7K
$730.4K – $973.8K
NOI $58,430 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,389 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trademark Compass
Title Company
QBT Inc. A Media ...
Industrial Manufacturer
Similar Off Market Nearby
- Public Storage — 2105 S Myrtle Ave, Monrovia, CA 91016
- Storage Depot — 490 E Duarte Rd, Monrovia, CA 91016
- Pink Transfer, Inc. Moving & Storage — 720 E Cypress Ave, Monrovia, CA 91016
- Monrovia Movers — 1219 s alta vista ave #231, monrovia, ca 91016
FAQs
What type of property is this?
Warehouse - Industrial building with a large fenced yard area available for purchase.
Where is this warehouse located?
The property is located at 1938 S Myrtle Ave Monrovia, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Free standing industrial building; Large fenced yard area
