Norwalk Retail Space For
For Sale
Contact for pricing
14020-14030 Pioneer Blvd, Norwalk, CA 90650
Retail property with 10,516 square feet of space.
Property Size10,516 SF
Price / SF$487.83
Days on Market331
Property Features for 14020-14030 Pioneer Blvd
General Information
Standard status
Active
Size
10,516 SF
Property subtype
Retail
Lease Type
NNN
Net Operating Income
$320,215
Building Details
Year Built
1957
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Hanley Investment Group
(844) 585-7682
Listed By:
Jeff Lefko · License #CA 01942025
Source:
Crexi
Added: Sep 26, 2025
Changed: Aug 11
Last Checked: Aug 22 at 12:19PM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This retail property in Norwalk, California, offers 10,516 square feet of space. The property is located at 14020-14030 Pioneer Blvd, Norwalk, CA 90650.
Key Highlights
- Access to Full Offering Memorandum via Provided Link: (https:\/\/bit.ly\/PioneerPlaza_Norwalk)
- Built in 1957
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
$149,528
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
2.91%
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%
$2,990,560
$3.0M
Cap Rate 7%
$2,136,114
$2.1M
Cap Rate 9%
$1,661,422
$1.7M
Market Conditions
NOI Build-Up for 10,516 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
$233.5K $22.20/SF
− Vacancy
−$19.8K −$1.89/SF
EGI
$213.6K $20.31/SF
− OpEx
−$64.1K −$6.09/SF
NOI
$149.5K $14.22/SF
Area
Norwalk, CA
Vacancy
8.50%
Lease Rate
$22.20 /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%
$2,990,560
Cap Rate 7%
$2,136,114
Cap Rate 9%
$1,661,422
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.49M
NOI $149,528 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,844 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
245k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 37%
Groceries 6%
Electronics 2%
In-N-Out Burger
Dining
27,054 visits/mo
0.2 miles
Dollar Tree
Shops & Services
24,916 visits/mo
0.1 miles
dd's DISCOUNTS
Shops & Services
21,070 visits/mo
0.2 miles
Starbucks
Dining
19,494 visits/mo
0.2 miles
Chase Bank
Shops & Services
17,755 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property with 10,516 square feet of space.
Where is this retail property located?
The property is located at 14020-14030 Pioneer Blvd Norwalk, CA.
What is the asking price?
The asking price for this property is $5,130,000.
What are key features of this property?
This property features: Access to Full Offering Memorandum via Provided Link: (https:\/\/bit.ly\/PioneerPlaza_Norwalk); Built in 1957
