Retail Building on Broadway
For Sale
Contact for pricing
Pending
1434 E Broadway, Long Beach, CA 90802
Stand-alone retail building suitable for owner-user, medical, or office.
Property Size3,311 SF
Days on Market813
Property Features for 1434 E Broadway
General Information
Standard status
Pending
Size
3,311 SF
Class
C
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
1917
Stories
1
Listing Agency:
Ground Review
Listed By:
Roman Ciuni · License #01424416
Source:
Crexi
Added: Jun 14, 2024
Changed: Aug 13
Last Checked: Sep 2 at 6:51AM
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 Ground Review
Investment Insights
Based on property information with market context.
This stand-alone retail building is located on a signalized corner of Broadway and Falcon in the Alamitos Beach area. The interior is in a mid-demo stage, presenting an opportunity for an owner-user. The property is suitable for a veterinarian, medical, dental, or professional office. The building is currently vacant and can be delivered immediately. The property is zoned for commercial use.
Key Highlights
- Vacant and can deliver immediately
- Located on a busy, signalized corner of Broadway & Falcon, offering high visibility.
- Desirable Alamitos Beach location.
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
$54,610
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
6.87%
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%
$1,092,200
$1.1M
Cap Rate 7%
$780,143
$780.1K
Cap Rate 9%
$606,778
$606.8K
Market Conditions
NOI Build-Up for 3,311 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
$83.4K $25.20/SF
− Vacancy
−$5.4K −$1.64/SF
EGI
$78.0K $23.56/SF
− OpEx
−$23.4K −$7.07/SF
NOI
$54.6K $16.49/SF
Area
Long Beach, CA
Vacancy
6.50%
Lease Rate
$25.20 /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%
$1,092,200
Cap Rate 7%
$780,143
Cap Rate 9%
$606,778
Alternative Uses
Best Use
Office B
$1.21M
$1.05M – $1.41M
NOI $84,361 @ 7.0% cap · market cap 10.61%
Second Best
Retail
$780.1K
$682.6K – $910.2K
NOI $54,610 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,089 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Stand-alone retail building suitable for owner-user, medical, or office.
Where is this storefront property located?
The property is located at 1434 E Broadway Long Beach, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Vacant and can deliver immediately; Located on a busy, signalized corner of Broadway & Falcon, offering high visibility.; Desirable Alamitos Beach location.
