Freestanding Building in West Long
For Sale
$800,000
Long Beach, CA 90813, Long Beach, CA 90813
Freestanding building with fenced yard and easy freeway access.
Property Size2,800 SF
Price / SF$285.71
Days on Market266
Property Features
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Warehouse/Office
Building Details
Building Size
2,800 SF
Year Built
1957
Listing Agency:
(310) 329-9000
Listed By:
Matt Stringfellow, SIOR · License #CalDRE #01410219
Source:
Corfac
Added: Nov 25, 2025
Changed: Aug 9
Last Checked: Aug 18 at 4:35AM
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 Matt Stringfellow, SIOR
Investment Insights
Based on property information with market context.
This freestanding building, situated in West Long Beach at the intersection of W Cowles St and Caspian Ave, offers 2,800 square feet of space. The property features a fenced yard and provides quick access to the 710 Freeway. It includes one ground-level door and boasts a clear height of 14 feet.
Key Highlights
- Great West Long Beach Location (Cowles St/Caspian Ave)
- Quick Access to 710 Freeway
- Freestanding Building
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
$44,333
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
5.54%
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%
$886,660
$886.7K
Cap Rate 7%
$633,329
$633.3K
Cap Rate 9%
$492,589
$492.6K
Market Conditions
NOI Build-Up for 2,800 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
$76.3K $27.24/SF
− Vacancy
−$17.2K −$6.13/SF
EGI
$59.1K $21.11/SF
− OpEx
−$14.8K −$5.28/SF
NOI
$44.3K $15.83/SF
Area
ZIP 90813
Vacancy
22.50%
Lease Rate
$27.24 /SF/Yr
Expense Ratio
25.00%
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%
$886,660
Cap Rate 7%
$633,329
Cap Rate 9%
$492,589
Alternative Uses
Best Use
Office B
$633.3K
$554.2K – $738.9K
NOI $44,333 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$567.6K
$496.7K – $662.2K
NOI $39,733 @ 7.0% cap · market cap 4.97%
Theoretical Best
Multifamily LT 5
$919.4K
$804.5K – $1.07M
NOI $64,357 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,611
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding building with fenced yard and easy freeway access.
Where is this warehouse located?
The property is located at Long Beach, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Great West Long Beach Location (Cowles St/Caspian Ave); Quick Access to 710 Freeway; Freestanding Building
