Firestone Courtyard Offices &
For Sale
Contact for pricing
12340 Firestone Blvd, Norwalk, CA 90650
Office and live/work spaces available on Firestone Boulevard.
Property Size3,448 SF
Price / SF$462.59
Days on Market1692
Property Features for 12340 Firestone Blvd
General Information
Standard status
Active
Size
3,448 SF
Total Parking Spaces
15
Property subtype
Office
Zoning
C3
Investment Type
Owner/User
Net Operating Income
$77,200
Building Details
Year Built
1962
Year Renovated
2020
Units
9
Tenancy
Multi
Listing Agency:
Commercial Asset Group, Inc.
Listed By:
Jeff Galvan · License #CA 01291531
Source:
Crexi
Added: Jan 17, 2022
Changed: Aug 21
Last Checked: Sep 5 at 12:55PM
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 Commercial Asset Group, Inc.
Investment Insights
Based on property information with market context.
This property offers a combination of office and live/work spaces. Located on Firestone Boulevard, the property provides an opportunity for businesses or individuals seeking a versatile space. The building has a total size of 3,448 square feet.
Key Highlights
- Live/Work Property available for sale.
- Features courtyard offices.
- Located in the Firestone area.
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
$54,810
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
3.44%
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%
$1,096,200
$1.1M
Cap Rate 7%
$783,000
$783.0K
Cap Rate 9%
$609,000
$609.0K
Market Conditions
NOI Build-Up for 3,448 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
$93.1K $27.00/SF
− Vacancy
−$20.0K −$5.81/SF
EGI
$73.1K $21.20/SF
− OpEx
−$18.3K −$5.30/SF
NOI
$54.8K $15.90/SF
Area
Norwalk, CA
Vacancy
21.50%
Lease Rate
$27.00 /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%
$1,096,200
Cap Rate 7%
$783,000
Cap Rate 9%
$609,000
Alternative Uses
Best Use
Office B
$783.0K
$685.1K – $913.5K
NOI $54,810 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$718.8K
$629.0K – $838.6K
NOI $50,317 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.09M
$954.3K – $1.27M
NOI $76,345 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 90650, CA
102,891
Population
27,346
Households
3.8
Avg Household Size
37
Median Age
21%
College-Educated
77%
High-School Grad
9.9 sq mi
ZIP Area
10,393
Density / Sq Mi
$98,709
Median Household Income
$42,060
Median Earnings
$2,014
Median Rent
$616,600
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.
Frequently Asked Questions
What type of property is this?
Live-work space - Office and live/work spaces available on Firestone Boulevard.
Where is this live-work space located?
The property is located at 12340 Firestone Blvd Norwalk, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Live/Work Property available for sale.; Features courtyard offices.; Located in the Firestone area.
