Industrial Asset with
For Sale
Contact for pricing
13820-13824 Shoemaker Avenue, Norwalk, CA 90650
Multi-tenant industrial property with yard and signage potential.
Property Size7,781 SF
Price / SF$334.15
Days on Market229
Property Features for 13820-13824 Shoemaker Avenue
General Information
Standard status
Active
Size
7,781 SF
Property subtype
Industrial
Zoning
M-2
Building Details
Year Built
1974
Listing Agency:
Newmark | Orange County - Irvine
Listed By:
Troy Wooton · License #CA 01127621
Source:
Crexi
Added: Jan 6
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 Newmark | Orange County - Irvine
Investment Insights
Based on property information with market context.
This one-story, multi-tenant industrial asset on Shoemaker Avenue presents a rare opportunity. The property features a yard and signage potential. It is located in Norwalk, part of the Gateway Cities of Southeast Los Angeles County, an area known for its strategic transport links. The property has short-term leases in place. An owner-user can occupy one or more units with in-place cash flow. Alternatively, an investor can reset rents to market and benefit from an easy-to-manage, three-tenant income stream. The property has a size of 7781 square feet.
Key Highlights
- Rare one‑story, multi‑tenant industrial asset with yard.
- Signage potential for increased visibility.
- Opportunity for owner‑user to occupy units with existing cash flow.
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
$83,256
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
3.20%
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%
$1,665,120
$1.7M
Cap Rate 7%
$1,189,371
$1.2M
Cap Rate 9%
$925,067
$925.1K
Market Conditions
NOI Build-Up for 7,781 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
$123.3K $15.84/SF
− Vacancy
−$4.3K −$0.55/SF
EGI
$118.9K $15.29/SF
− OpEx
−$35.7K −$4.59/SF
NOI
$83.3K $10.70/SF
Area
Norwalk, CA
Vacancy
3.50%
Lease Rate
$15.84 /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%
$1,665,120
Cap Rate 7%
$1,189,371
Cap Rate 9%
$925,067
Alternative Uses
Best Use
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,256 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,286 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Multi-tenant industrial property with yard and signage potential.
Where is this industrial property located?
The property is located at 13820-13824 Shoemaker Avenue Norwalk, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Rare one‑story, multi‑tenant industrial asset with yard.; Signage potential for increased visibility.; Opportunity for owner‑user to occupy units with existing cash flow.
