Warehouse Condo in Gated
For Sale
$1,197,000
12368 Valley Boulevard 111, El Monte, CA 91706
Warehouse condo with showroom, offices, and high ceilings.
Property Size2,351 SF
Price / SF$348.47
Days on Market165
Property Features for 12368 Valley Boulevard 111
General Information
Standard status
Active
Size
2,351 SF
Zoning
IDMYYY
Building Details
Building Size
2,351 SF
Year Built
2004
Stories
2
Listing Agency:
TSE REALTY & MANAGEMENT SERVIC
(626) 823-8303
Listed By:
YVONNE MATLOFF · License #00908463
(626) 823-8303
Source:
Evrealestate
Added: Mar 13
Changed: Aug 23
Last Checked: Aug 23 at 6:05AM
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 TSE REALTY & MANAGEMENT SERVIC
Investment Insights
Based on property information with market context.
This high-image warehouse condo, constructed in 2004, is situated within a gated industrial business park. The property features a showroom/reception area and private restrooms on both the first and second floors. The total area, encompassing both upstairs and downstairs, is approximately 3435 square feet. Large open office spaces are located on both the first and second floors. The warehouse area boasts a ceiling height of 23 feet, enhanced by skylights and a sprinkler system. A roll-up loading door provides access to the warehouse. The property includes a gated parking lot with assigned parking spaces. Its location provides convenient access to Freeway 10, Freeway 60, and Freeway 605. The location has a bike score of 53, indicating it is bikeable, a walk score of 69, indicating it is somewhat walkable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Easy access to Freeway 10, Freeway 60, and Freeway 605.
- Located in a gated industrial business park.
- Warehouse with 23 feet high ceilings and roll‑up loading door.**
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
$73,578
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
6.15%
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%
$1,471,560
$1.5M
Cap Rate 7%
$1,051,114
$1.1M
Cap Rate 9%
$817,533
$817.5K
Market Conditions
NOI Build-Up for 3,435 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
$115.4K $33.60/SF
− Vacancy
−$17.3K −$5.04/SF
EGI
$98.1K $28.56/SF
− OpEx
−$24.5K −$7.14/SF
NOI
$73.6K $21.42/SF
Area
El Monte, CA
Vacancy
15.00%
Lease Rate
$33.60 /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%
$1,471,560
Cap Rate 7%
$1,051,114
Cap Rate 9%
$817,533
Alternative Uses
Best Use
Office B
$1.05M
$919.7K – $1.23M
NOI $73,578 @ 7.0% cap · market cap 6.15%
Second Best
Warehouse
$740.2K
$647.7K – $863.6K
NOI $51,816 @ 7.0% cap · market cap 4.33%
Theoretical Best
Multifamily LT 5
$65.27M
$57.11M – $76.15M
NOI $4,568,972 @ 7.0% cap · market cap 381.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91706, CA
73,313
Population
18,853
Households
3.9
Avg Household Size
36
Median Age
14%
College-Educated
68%
High-School Grad
13.5 sq mi
ZIP Area
5,431
Density / Sq Mi
$79,473
Median Household Income
$34,964
Median Earnings
$1,816
Median Rent
$589,900
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 - Warehouse condo with showroom, offices, and high ceilings.
Where is this warehouse located?
The property is located at 12368 Valley Boulevard 111 El Monte, CA.
What is the asking price?
The asking price for this property is $1,197,000.
What are key features of this property?
This property features: Easy access to Freeway 10, Freeway 60, and Freeway 605.; Located in a gated industrial business park.; Warehouse with 23 feet high ceilings and roll‑up loading door.**
