Corner Grocery Market with Retail
For Sale
Contact for pricing
1253 W El Segundo Blvd, Gardena, CA 90247
Retail property and operating neighborhood market include grocery, produce, meat/carniceria, and beer/wine sales.
Property Size7,842 SF
Lot Size0.35 Acres
Price / SF$279.90
Days on Market61
Property Features for 1253 W El Segundo Blvd
General Information
Standard status
Active
Size
7,842 SF
Lot size
0.35 Acres
Property subtype
Retail
Zoning
LCM1YY (LA County)
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$566,126
Additional Details
Business Included
Yes
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Realty Investment Advisors
Listed By:
Benjamin Lalezari · License #01987941
Source:
Crexi
Added: Jul 9
Changed: Sep 3
Last Checked: Sep 5 at 11:53AM
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 Realty Investment Advisors
Investment Insights
Based on property information with market context.
This offering includes the entire retail property along with the operating market business. The property features approximately 7,842 SF of improvements on a 15,460 SF lot with on-site parking and corner visibility, with frontage along El Segundo Blvd.
The business is described as an established neighborhood market offering grocery, produce, meat/carniceria, and beer and wine sales, along with daily-needs components. The opportunity is presented as suitable for an owner-user, market operator, or investor seeking long-term control of the site and business operations.
The property is available for purchase and includes both real estate and existing business operations as part of the same offering.
The business is described as an established neighborhood market offering grocery, produce, meat/carniceria, and beer and wine sales, along with daily-needs components. The opportunity is presented as suitable for an owner-user, market operator, or investor seeking long-term control of the site and business operations.
The property is available for purchase and includes both real estate and existing business operations as part of the same offering.
Key Highlights
- Retail property plus operating neighborhood market business at 1253 W El Segundo Blvd in Gardena
- Approximately 7,842 SF of improvements on a 15,460 SF lot with on‑site parking
- Corner visibility with frontage along El Segundo Blvd
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
$185,894
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
8.47%
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%
$3,717,880
$3.7M
Cap Rate 7%
$2,655,629
$2.7M
Cap Rate 9%
$2,065,489
$2.1M
Market Conditions
NOI Build-Up for 7,842 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
$265.4K $33.84/SF
− Vacancy
−$17.5K −$2.23/SF
EGI
$247.9K $31.61/SF
− OpEx
−$62.0K −$7.90/SF
NOI
$185.9K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$3,717,880
Cap Rate 7%
$2,655,629
Cap Rate 9%
$2,065,489
Alternative Uses
Best Use
Specialty Retail
$2.66M
$2.32M – $3.10M
NOI $185,894 @ 7.0% cap · market cap 8.47%
Second Best
Retail
$2.48M
$2.17M – $2.89M
NOI $173,501 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,900 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
16,147 visits/mo
0.2 miles
Public Storage
Shops & Services
1,316 visits/mo
0.4 miles
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property and operating neighborhood market include grocery, produce, meat/carniceria, and beer/wine sales.
Where is this grocery and convenience store located?
The property is located at 1253 W El Segundo Blvd Gardena, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Retail property plus operating neighborhood market business at 1253 W El Segundo Blvd in Gardena; Approximately 7,842 SF of improvements on a 15,460 SF lot with on‑site parking; Corner visibility with frontage along El Segundo Blvd
