Corner Lot Commercial
For Sale
$950,000
800 W 9th, San Pedro, CA 90731
Freestanding building on corner lot suitable for office or retail.
Property Size2,196 SF
Days on Market135
Property Features for 800 W 9th
General Information
Standard status
Active
Size
2,196 SF
Property subtype
Commercial
Building Details
Building Size
2,196 SF
Year Built
1926
Listing Agency:
Re/Max Commercial & Investment
Listed By:
Stephen Lampe · License #01164364
(310) 880-1151
Source:
Elliman
Added: Apr 24
Changed: Aug 16
Last Checked: Sep 5 at 12:34PM
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 Re/Max Commercial & Investment
Investment Insights
Based on property information with market context.
This is a free standing commercial building located on a prominent corner lot at the signalized intersection of Cabrillo and 9th Street. The property has curb appeal with signage on the corner. There are two entrances, allowing a buyer to convert the open space into two or possibly three spaces. The interior features high ceilings with decorative tiles, and the floor is exposed concrete that is painted. There are four parking spaces on the parcel accessible from the open alleyway. The C2 zoning allows for a wide range of uses, and the San Pedro Overlay Zone minimizes the parking requirements. It is suitable for a small office such as a CPA, real estate, insurance, escrow office, or any general business office. It is also suitable for retail uses, and might be possible for some medical office uses. The bike score is 56, making it bikeable. The walk score is 82, indicating it is very walkable. The transit score is 45, indicating some transit options are available.
Key Highlights
- Prominent corner lot location at a signalized intersection.
- C2 zoning allows for a wide range of office or retail uses.
- High ceilings with decorative tiles and exposed concrete floors.
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
$50,963
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
5.36%
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%
$1,019,260
$1.0M
Cap Rate 7%
$728,043
$728.0K
Cap Rate 9%
$566,256
$566.3K
Market Conditions
NOI Build-Up for 2,196 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
$81.2K $36.96/SF
− Vacancy
−$8.4K −$3.81/SF
EGI
$72.8K $33.15/SF
− OpEx
−$21.8K −$9.95/SF
NOI
$51.0K $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%
$1,019,260
Cap Rate 7%
$728,043
Cap Rate 9%
$566,256
Alternative Uses
Best Use
Retail
$728.0K
$637.0K – $849.4K
NOI $50,963 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.49M
$38.93M – $51.90M
NOI $3,114,275 @ 7.0% cap · market cap 327.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,671
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Freestanding building on corner lot suitable for office or retail.
Where is this storefront property located?
The property is located at 800 W 9th San Pedro, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prominent corner lot location at a signalized intersection.; C2 zoning allows for a wide range of office or retail uses.; High ceilings with decorative tiles and exposed concrete floors.
