Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    500 N 1St Ave, Unit 8 Arcadia, CA 91006

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available in Arcadia, near Downtown and 210 Freeway.

    Lot size:
    0.36 Acres

    Property Features for 500 N 1St Ave

    General Information

    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Kelly Arft
    Source: Elliman

    Listing Agent: Kelly Arft

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

    Learn more

    Overview

    Arcadia Office Space For Lease

    Office space is available for lease in a two-story, walk-up office building located just north of the Downtown Arcadia business district. Suite 8, a 1,215 square foot office unit, is located on the second floor. The lease type is modified gross, with a rental rate of $1.95 per square foot. Lease terms are available for 3-5 years. Possession is available within 30 days. The tenant is responsible for janitorial services and electricity. The property offers easy access to the 210 Freeway and Huntington Drive.
    Location Intelligence

    Current Use by Public Records

    Elite Foods Inc Seafood Wholesaler Kenneth J. Canzoneri, ... Dental Implants Periodontist Meide Group USA ... Manufacturer Timothy A Foley Ms ... Family Counselor Universal Funeral Chapel Funeral Home

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    Los Angeles
    State
    California
    Longitude
    -118.0278926
    Latitude
    34.1344267

    Nearby Similar for Lease

    • $1,250 /Mo
      544 SF

      Arcadia Office Space For Lease

      544 square foot office space in Arcadia's downtown district.
      45 E Huntington Dr, Arcadia, CA 91006
      View Details
    • $800 /Mo
      200 SF

      Arcadia Office Space For Lease

      200 SF office in Arcadia's downtown district for lease.
      43 E Huntington Dr, Arcadia, CA 91006
      View Details
    • New
      Contact for pricing
      5,952 SF

      Arcadia Office Suite For Lease

      Professional office suite in Arcadia, ideal for various business uses.
      145 E Live Oak Ave, Arcadia, CA 91006
      View Details
    • $1.00 SF/Yr
      1,500 SF

      Arcadia Commercial Space with Piano

      Versatile 1,500 sq. ft. commercial space with unique features.
      56 E Durarte Rd, Arcadia, CA 91006
      View Details
    • $7,500 /Mo

      Arcadia Commercial Building For Rent

      Well-maintained commercial building in prime Arcadia location, renovated in 2018.
      118 E Live Oak Ave, Arcadia, CA 91006
      View Details
    • $1.00 SF/Yr

      Versatile Commercial Space with Style

      1,500 sq. ft. commercial space suitable for various businesses.
      56 E Durarte Rd, Arcadia, CA 91006
      View Details
    • Contact for pricing
      4,109 SF

      Arcadia Retail Space - Drive-Thru Ready

      Prime Arcadia location, restaurant space, drive-thru potential.
      412 Santa Anita Ave, Arcadia, CA 91006
      View Details
    • Contact for pricing
      4,175 SF

      Arcadia Retail Space: Prime Location

      Vibrant Arcadia retail space, ample parking.
      57 Wheeler Ave, Arcadia, CA 91006
      View Details
    • $3,050 /Mo

      Arcadia Condo with Community Amenities

      Well-maintained 3-bedroom condo in gated community with pool.
      1126 Fairview Ave, Arcadia, CA 91007
      View Details
    • $3,800 /Mo

      Mixed-Use Building Near Santa Anita

      Mixed-use building in Arcadia's desirable Holly Avenue Santa Anita neighborhood.
      306 S 1St Ave, Arcadia, CA 91006
      View Details
    • $32 SF/Yr
      1,736 SF

      Arcadia Fitness Center Space

      1736 sq ft Retail Space Available
      125 1St Ave, Arcadia, CA 91006
      View Details
    • $51 SF/Yr
      86,762 SF

      Arcadia Medical Office Suites

      Class A medical building, 3 suites available
      301 Huntington Dr, Arcadia, CA 91007
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available in Arcadia, near Downtown and 210 Freeway.
    Where is this office space located?
    The property is located at 500 N 1St Ave, Unit 8 Arcadia, CA.
    What are key features of this property?
    This property features: - Convenient access to the 210 Freeway and Huntington Drive.; - Available within 30 days.; - Located near Downtown Arcadia business district.
    (626) 484-8218
    Request Owner's contact information
    500 N 1St Ave, Unit 8 Arcadia, CA 91006
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 N 1St Ave, Unit 8
    Arcadia, CA 91006
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    500 N 1St Ave, Unit 8 Arcadia, CA 91006
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelly Arft
    (626) 484-8218
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.