Four-Bay Net Leased Tire
For Sale
$1,750,000
600 W Valley Blvd, Alhambra, CA 91803
Single-tenant net-leased Just Tires operates from a four-bay automotive repair building at a hard-corner, signalized intersection.
Property Size3,350 SF
Lot Size0.17 Acres
Price / SF$522.39
Days on Market62
Property Features for 600 W Valley Blvd
General Information
Standard status
Active
Size
3,350 SF
Lot size
0.17 Acres
Property subtype
Retail
Site & Location
Traffic Count
32,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
4
Building Details
Tenancy
Single
Listing Agency:
Los Angeles - Orange County
(949) 724-5552
Listed By:
Jereme Snyder · License #01360233
(949) 724-5552
Source:
Colliers
Added: Jun 22
Changed: Aug 12
Last Checked: Aug 22 at 3:31AM
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 Los Angeles - Orange County
Investment Insights
Based on property information with market context.
This offering presents a single-tenant net-leased Just Tires facility. The property includes a four-bay automotive repair building totaling 3,350 SF on a 0.17-acre parcel, with the tenant operating successfully at the location since 1999. The lease has 2.7 years remaining in the primary term, followed by three 5-year option periods, and is structured as a net lease with minimal landlord responsibilities.
The site is positioned on a hard corner signalized intersection of W Valley Blvd and S 6th Street. The combined traffic count for these roadways is listed as exceeding 32,600 VPD, and the San Bernardino Freeway (I-10) is within a half mile of the property with traffic over 216,700 VPD. Retail and banking amenities nearby include The Home Depot, US Supermarket, CVS Pharmacy, Bank of America, Chase Bank, Wells Fargo, 7-Eleven, and multiple quick-service and restaurant operators.
The site is positioned on a hard corner signalized intersection of W Valley Blvd and S 6th Street. The combined traffic count for these roadways is listed as exceeding 32,600 VPD, and the San Bernardino Freeway (I-10) is within a half mile of the property with traffic over 216,700 VPD. Retail and banking amenities nearby include The Home Depot, US Supermarket, CVS Pharmacy, Bank of America, Chase Bank, Wells Fargo, 7-Eleven, and multiple quick-service and restaurant operators.
Key Highlights
- Single‑tenant net lease Just Tires operates from a 3,350 SF four‑bay automotive repair building
- Located on a 0.17‑acre parcel at a hard‑corner signalized intersection on W Valley Blvd and S 6th Street
- Traffic counts exceed 32,600 VPD on W Valley Blvd and S 6th Street combined
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
$74,117
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
4.24%
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%
$1,482,340
$1.5M
Cap Rate 7%
$1,058,814
$1.1M
Cap Rate 9%
$823,522
$823.5K
Market Conditions
NOI Build-Up for 3,350 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
$113.4K $33.84/SF
− Vacancy
−$7.5K −$2.23/SF
EGI
$105.9K $31.61/SF
− OpEx
−$31.8K −$9.48/SF
NOI
$74.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,482,340
Cap Rate 7%
$1,058,814
Cap Rate 9%
$823,522
Alternative Uses
Best Use
Retail
$1.06M
$926.5K – $1.24M
NOI $74,117 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$559.3K
$489.4K – $652.5K
NOI $39,148 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,550 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
32,600 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,484
Businesses Nearby
119k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Home Improvements & Furnishings 12%
Shops & Services 6%
Electronics 3%
Raising Cane's Chicken Fingers
Dining
58,075 visits/mo
0.3 miles
Wendy's
Dining
15,462 visits/mo
0.3 miles
Mission Hardware
Home Improvements & Furnishings
13,870 visits/mo
0.5 miles
Lee's Sandwiches
Dining
9,973 visits/mo
0.3 miles
Citibank
Shops & Services
7,384 visits/mo
0.4 miles
Demographics for 91803, CA
29,374
Population
10,439
Households
2.8
Avg Household Size
42
Median Age
37%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
8,901
Density / Sq Mi
$84,537
Median Household Income
$47,579
Median Earnings
$1,790
Median Rent
$831,800
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.
Similar Off Market Nearby
- Vo Auto Repair — 631 N Garfield Ave, Monterey Park, CA 91754
- H H Motor Service — 434 W Valley Blvd, Alhambra, CA 91803
- Roth Auto Repair & Tires Services — 632 N Garfield Ave, Monterey Park, CA 91754
- Romano Towing Company — 3234 isabel ave, rosemead, ca 91770
- Auto Glass Mobile — 166 W Saxon Ave, San Gabriel, CA 91776
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant net-leased Just Tires operates from a four-bay automotive repair building at a hard-corner, signalized intersection.
Where is this auto shop located?
The property is located at 600 W Valley Blvd Alhambra, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Single‑tenant net lease Just Tires operates from a 3,350 SF four‑bay automotive repair building; Located on a 0.17‑acre parcel at a hard‑corner signalized intersection on W Valley Blvd and S 6th Street; Traffic counts exceed 32,600 VPD on W Valley Blvd and S 6th Street combined
