Freestanding Shopping
New
For Sale
$4,400,000
13528-13542 Lakewood Blvd, Bellflower, CA 90706
One-story multi-tenant retail property with onsite parking and access to the 105 Freeway.
Property Size7,423 SF
Price / SF$592.75
Days on Market5
Property Features for 13528-13542 Lakewood Blvd
General Information
Standard status
Active
Size
7,423 SF
Property subtype
Retail
Occupancy
85%
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Building Size
7,423 SF
Year Built
2003
Buildings
1
Stories
1
Tenancy
Multi
Parking Ratio
3.75 per 1,000 SF
Listing Agency:
Lee & Associates | Investment Services Group
(213) 623-0800
Listed By:
Matthew Sullivan · License #00848427
Source:
Lee-associates
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 2:36AM
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 Lee & Associates | Investment Services Group
Investment Insights
Based on property information with market context.
This one-story freestanding shopping center contains approximately 7,423 square feet and was built in 2003. The property is configured for multiple retail occupants and is 85% occupied, with a diverse tenant mix supporting an established commercial setting.
Located at a signalized corner on Lakewood Boulevard, the property provides onsite parking at a ratio of 3.75 spaces per 1,000 SF. The site also offers access to the 105 Freeway and exposure along a major retail corridor.
Located at a signalized corner on Lakewood Boulevard, the property provides onsite parking at a ratio of 3.75 spaces per 1,000 SF. The site also offers access to the 105 Freeway and exposure along a major retail corridor.
Key Highlights
- Approximately 7,423 square feet of one‑story retail space
- 85% occupied with a diverse tenant mix
- Freestanding multi‑tenant shopping center built in 2003
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
$164,231
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
3.73%
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%
$3,284,620
$3.3M
Cap Rate 7%
$2,346,157
$2.3M
Cap Rate 9%
$1,824,789
$1.8M
Market Conditions
NOI Build-Up for 7,423 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
$251.2K $33.84/SF
− Vacancy
−$16.6K −$2.23/SF
EGI
$234.6K $31.61/SF
− OpEx
−$70.4K −$9.48/SF
NOI
$164.2K $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%
$3,284,620
Cap Rate 7%
$2,346,157
Cap Rate 9%
$1,824,789
Alternative Uses
Best Use
Retail
$2.35M
$2.05M – $2.74M
NOI $164,231 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.48M – $4.64M
NOI $278,197 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
85%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
466k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Dining 28%
Groceries 25%
Shops & Services 13%
Walmart
Superstores
146,034 visits/mo
0.3 miles
Food 4 Less
Groceries
59,406 visits/mo
0.2 miles
El Super
Groceries
59,282 visits/mo
0.3 miles
McDonald's
Dining
37,807 visits/mo
0.2 miles
Dollar Tree
Shops & Services
22,232 visits/mo
0.3 miles
Demographics for 90706, CA
79,179
Population
24,499
Households
3.2
Avg Household Size
36
Median Age
20%
College-Educated
78%
High-School Grad
6.1 sq mi
ZIP Area
12,980
Density / Sq Mi
$77,602
Median Household Income
$38,452
Median Earnings
$1,771
Median Rent
$661,100
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?
Shopping center - One-story multi-tenant retail property with onsite parking and access to the 105 Freeway.
Where is this shopping center located?
The property is located at 13528-13542 Lakewood Blvd Bellflower, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Approximately 7,423 square feet of one‑story retail space; 85% occupied with a diverse tenant mix; Freestanding multi‑tenant shopping center built in 2003
