Dual-Structure Light Industrial
For Sale
$1,388,000
10943 Schmidt, El Monte, CA 91733
Versatile industrial site with two separate structures, supported by light industrial zoning for multiple on-site business options.
Property Size5,160 SF
Lot Size0.28 Acres
Price / SF$333.65
Days on Market142
Property Features for 10943 Schmidt
General Information
Standard status
Active
Size
5,160 SF
Lot size
0.28 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,813
Building Details
Building Size
5,160 SF
Year Built
1948
Tenancy
Multi
Listing Agency:
Greenpoint Real Estate
(626) 230-6306
Listed By:
Ricky Hernandez · License #01172950
(626) 230-6306
Source:
Elliman
Added: Apr 12
Changed: Aug 26
Last Checked: Aug 30 at 8:47PM
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 Greenpoint Real Estate
Investment Insights
Based on property information with market context.
The property is a versatile industrial asset featuring two separate structures, offering flexibility for multi-tenant use or an owner-user arrangement. The front building is approximately 4,160 SF, and there is an additional rear structure of approximately 1,000 SF, enabling independent operations within the same site.
Located in the South El Monte industrial corridor, the property provides immediate access to major freeways and is centrally positioned within the San Gabriel Valley. The site sits on a lot of approximately 12,241 SF, with functional flexibility that may accommodate yard space, parking, or future repositioning, subject to zoning and approvals.
Zoning supports light industrial uses, which may fit manufacturing, warehousing, or contractor-type operations. Bike and walk scores indicate moderate local mobility, with some transit access as reflected in the provided scores.
Located in the South El Monte industrial corridor, the property provides immediate access to major freeways and is centrally positioned within the San Gabriel Valley. The site sits on a lot of approximately 12,241 SF, with functional flexibility that may accommodate yard space, parking, or future repositioning, subject to zoning and approvals.
Zoning supports light industrial uses, which may fit manufacturing, warehousing, or contractor-type operations. Bike and walk scores indicate moderate local mobility, with some transit access as reflected in the provided scores.
Key Highlights
- Dual‑structure industrial property built in 1948 for multi‑tenant use or an owner‑user setup.
- Front building size is approximately 4,160 SF with an additional rear structure of approximately 1,000 SF.
- Approx. 12,241 SF lot with room for potential yard space, parking, or future repositioning.
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
$51,678
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
3.72%
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%
$1,033,560
$1.0M
Cap Rate 7%
$738,257
$738.3K
Cap Rate 9%
$574,200
$574.2K
Market Conditions
NOI Build-Up for 4,160 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
$78.9K $18.96/SF
− Vacancy
−$5.0K −$1.21/SF
EGI
$73.8K $17.75/SF
− OpEx
−$22.1K −$5.32/SF
NOI
$51.7K $12.42/SF
Area
El Monte, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$1,033,560
Cap Rate 7%
$738,257
Cap Rate 9%
$574,200
Alternative Uses
Best Use
Industrial
$738.3K
$646.0K – $861.3K
NOI $51,678 @ 7.0% cap · market cap 3.72%
Second Best
Flex RnD
$685.5K
$599.8K – $799.8K
NOI $47,987 @ 7.0% cap · market cap 3.46%
Theoretical Best
Multifamily LT 5
$79.05M
$69.17M – $92.22M
NOI $5,533,311 @ 7.0% cap · market cap 398.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,531
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91733, CA
41,990
Population
11,172
Households
3.8
Avg Household Size
36
Median Age
11%
College-Educated
56%
High-School Grad
6.7 sq mi
ZIP Area
6,267
Density / Sq Mi
$67,245
Median Household Income
$32,486
Median Earnings
$1,658
Median Rent
$601,600
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Versatile industrial site with two separate structures, supported by light industrial zoning for multiple on-site business options.
Where is this flex space located?
The property is located at 10943 Schmidt El Monte, CA.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Dual‑structure industrial property built in 1948 for multi‑tenant use or an owner‑user setup.; Front building size is approximately 4,160 SF with an additional rear structure of approximately 1,000 SF.; Approx. 12,241 SF lot with room for potential yard space, parking, or future repositioning.
