Historic Office
For Sale
Contact for pricing
13316 San Antonio Dr, Norwalk, CA 90650
Built in 1923, this Norwalk office property offers space in a mixed retail and residential setting.
Property Size7,200 SF
Lot Size0.27 Acres
Price / SF$381.81
Days on Market56
Property Features for 13316 San Antonio Dr
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.27 Acres
Property subtype
Office
Building Details
Year Built
1923
Listing Agency:
Jones RE Commercial Real Estate
Listed By:
Greg Jones · License #CA 00661121
Source:
Crexi
Added: Jun 13
Changed: Jul 10
Last Checked: Aug 6 at 7:01AM
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 Jones RE Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building was constructed in 1923 and totals approximately 7,200 square feet, situated on an approximately 11,901 square foot lot per County Tax Assessor records. As an established structure in the office category, it presents a straightforward option for users or buyers looking for a smaller, older-style office asset.
The property is surrounded by other national and regional tenants, along with apartments and residential properties. That mix supports an environment where office space can align with the day-to-day needs of nearby businesses and residents.
For potential tenants, the asset may fit teams seeking an office address within a broader commercial and residential context. For buyers, it offers an opportunity to acquire a century-old office building with a measured footprint on its own lot, with the surrounding tenant mix indicating a maintained presence of active businesses nearby.
The property is surrounded by other national and regional tenants, along with apartments and residential properties. That mix supports an environment where office space can align with the day-to-day needs of nearby businesses and residents.
For potential tenants, the asset may fit teams seeking an office address within a broader commercial and residential context. For buyers, it offers an opportunity to acquire a century-old office building with a measured footprint on its own lot, with the surrounding tenant mix indicating a maintained presence of active businesses nearby.
Key Highlights
- Office property built in 1923
- Approximately 7,200 SF building on a lot of approximately 11,901 SF (per County Tax Assessor)
- Situated among mixed retail and residential properties and other established tenants
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
$114,453
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
4.16%
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%
$2,289,060
$2.3M
Cap Rate 7%
$1,635,043
$1.6M
Cap Rate 9%
$1,271,700
$1.3M
Market Conditions
NOI Build-Up for 7,200 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
$194.4K $27.00/SF
− Vacancy
−$41.8K −$5.81/SF
EGI
$152.6K $21.20/SF
− OpEx
−$38.2K −$5.30/SF
NOI
$114.5K $15.90/SF
Area
Norwalk, CA
Vacancy
21.50%
Lease Rate
$27.00 /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%
$2,289,060
Cap Rate 7%
$1,635,043
Cap Rate 9%
$1,271,700
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,453 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,422 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 90650, CA
102,891
Population
27,346
Households
3.8
Avg Household Size
37
Median Age
21%
College-Educated
77%
High-School Grad
9.9 sq mi
ZIP Area
10,393
Density / Sq Mi
$98,709
Median Household Income
$42,060
Median Earnings
$2,014
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Built in 1923, this Norwalk office property offers space in a mixed retail and residential setting.
Where is this office building located?
The property is located at 13316 San Antonio Dr Norwalk, CA.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: Office property built in 1923; Approximately 7,200 SF building on a lot of approximately 11,901 SF (per County Tax Assessor); Situated among mixed retail and residential properties and other established tenants
