Three-Tenant Automotive
New
For Sale
Contact for pricing
1203 E Anaheim St, Wilmington, CA 90744
The freestanding building accommodates three automotive businesses under month-to-month tenancy.
Property Size3,663 SF
Price / SF$353.54
Days on Market3
Property Features for 1203 E Anaheim St
General Information
Standard status
Active
Size
3,663 SF
Property subtype
RETAIL
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RJ Realty
(909) 349-3956
Listed By:
Ricky Lee · License #01932116
(909) 348-3956
Source:
Moodyscre
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 4:06PM
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 RJ Realty
Investment Insights
Based on property information with market context.
This freestanding automotive building contains 3,663 square feet and is occupied by three businesses: a smog inspection station, a tire retailer, and a radiator repair shop. The existing tenancies are month to month.
The property is located at 1203 E Anaheim St in Wilmington, California.
The property is located at 1203 E Anaheim St in Wilmington, California.
Key Highlights
- 3,663‑square‑foot freestanding automotive building
- Three automotive tenants: smog inspection, tire sales, and radiator repair
- Tenancies are month to month
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
$85,008
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
6.56%
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%
$1,700,160
$1.7M
Cap Rate 7%
$1,214,400
$1.2M
Cap Rate 9%
$944,533
$944.5K
Market Conditions
NOI Build-Up for 3,663 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
$135.4K $36.96/SF
− Vacancy
−$13.9K −$3.81/SF
EGI
$121.4K $33.15/SF
− OpEx
−$36.4K −$9.95/SF
NOI
$85.0K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$1,700,160
Cap Rate 7%
$1,214,400
Cap Rate 9%
$944,533
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $85,008 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$650.1K
$568.8K – $758.4K
NOI $45,504 @ 7.0% cap · market cap 3.51%
Theoretical Best
Multifamily LT 5
$74.21M
$64.93M – $86.58M
NOI $5,194,713 @ 7.0% cap · market cap 401.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
7,249 visits/mo
0.4 miles
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - The freestanding building accommodates three automotive businesses under month-to-month tenancy.
Where is this auto shop located?
The property is located at 1203 E Anaheim St Wilmington, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,663‑square‑foot freestanding automotive building; Three automotive tenants: smog inspection, tire sales, and radiator repair; Tenancies are month to month
