Flex Building with Cooler
New
For Sale
$2,985,000
2411 Durfee Ave, El Monte, CA 91732
The building combines warehouse and cooler areas with loading access, a fenced yard, and a two-story office.
Property Size6,694 SF
Lot Size0.31 Acres
Price / SF$473.81
Days on Market1
Property Features for 2411 Durfee Ave
General Information
Standard status
Active
Size
6,694 SF
Lot size
0.31 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
22 ft
Office Build-Out
650 SF
Dock-High Doors
2
Cold Storage
Yes
Cold Storage Area
2,961 SF
Cooler
2,961 SF
Building Details
Building Size
6,694 SF
Year Built
2008
Buildings
1
Listed By:
Ryan Campbell, SIOR · License #CalDRE #01341826
(909) 348-0606
Source:
Naiglobal
Added: Sep 30
Last Checked: Sep 30 at 2:53PM
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 Ryan Campbell, SIOR
Investment Insights
Based on property information with market context.
This 6,300 SF flex property in El Monte includes 2,961 SF of cooler space and two dock-high loading doors. A 650 SF, two-story office area complements the industrial space, and a private fenced yard provides secured parking and property access. The building was constructed in 2008 and has frontage on Durfee Avenue.
A lease is in place, with rental income. Occupancy terms may be negotiated subject to mutual agreement.
A lease is in place, with rental income. Occupancy terms may be negotiated subject to mutual agreement.
Key Highlights
- 6,300 SF building with 2,961 SF of cooler space
- Two dock‑high loading doors
- 650 SF, two‑story office area
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
$95,033
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
3.18%
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%
$1,900,660
$1.9M
Cap Rate 7%
$1,357,614
$1.4M
Cap Rate 9%
$1,055,922
$1.1M
Market Conditions
NOI Build-Up for 6,300 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
$119.4K $18.96/SF
− Vacancy
−$7.6K −$1.21/SF
EGI
$111.8K $17.75/SF
− OpEx
−$16.8K −$2.66/SF
NOI
$95.0K $15.08/SF
Area
El Monte, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,900,660
Cap Rate 7%
$1,357,614
Cap Rate 9%
$1,055,922
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.58M
NOI $95,033 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$1.12M
$978.3K – $1.30M
NOI $78,262 @ 7.0% cap · market cap 2.62%
Theoretical Best
Multifamily LT 5
$119.71M
$104.75M – $139.66M
NOI $8,379,774 @ 7.0% cap · market cap 280.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
2
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91732, CA
60,137
Population
15,995
Households
3.8
Avg Household Size
36
Median Age
15%
College-Educated
66%
High-School Grad
4.5 sq mi
ZIP Area
13,364
Density / Sq Mi
$67,172
Median Household Income
$31,884
Median Earnings
$1,752
Median Rent
$628,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The building combines warehouse and cooler areas with loading access, a fenced yard, and a two-story office.
Where is this flex space located?
The property is located at 2411 Durfee Ave El Monte, CA.
What is the asking price?
The asking price for this property is $2,985,000.
What are key features of this property?
This property features: 6,300 SF building with 2,961 SF of cooler space; Two dock‑high loading doors; 650 SF, two‑story office area
