Retail Space Shell
New
For Sale
$1,999,999
1480 Alamitos, Long Beach, CA 90813
Flexible retail property offering a substantial build-out opportunity for a new commercial concept.
Property Size10,000 SF
Price / SF$199
Days on Market2
Property Features for 1480 Alamitos
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Building Details
Building Size
10,000 SF
Year Built
1947
Buildings
1
Listing Agency:
Alan Murray Real Estate
(559) 641-2270
Listed By:
Alan Murray · License #00935477
(559) 641-2270
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 2:08AM
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 Alan Murray Real Estate
Investment Insights
Based on property information with market context.
This retail property comprises a 10,000-square-foot building constructed in 1947. The interior is largely unfinished, providing a shell condition for planning and completing a new commercial layout.
The property is located at 1480 Alamitos in Long Beach, California. Walk Score is 87, Bike Score is 59, and Transit Score is 50, reflecting walkable access, bike-friendly conditions, and available transit service.
The property is located at 1480 Alamitos in Long Beach, California. Walk Score is 87, Bike Score is 59, and Transit Score is 50, reflecting walkable access, bike-friendly conditions, and available transit service.
Key Highlights
- 10,000 square feet of retail building area
- Shell condition supports a new interior build‑out
- Constructed in 1947
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
$142,191
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
7.11%
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%
$2,843,820
$2.8M
Cap Rate 7%
$2,031,300
$2.0M
Cap Rate 9%
$1,579,900
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$219.6K $21.96/SF
− Vacancy
−$16.5K −$1.65/SF
EGI
$203.1K $20.31/SF
− OpEx
−$60.9K −$6.09/SF
NOI
$142.2K $14.22/SF
Area
ZIP 90813
Vacancy
7.50%
Lease Rate
$21.96 /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%
$2,843,820
Cap Rate 7%
$2,031,300
Cap Rate 9%
$1,579,900
Alternative Uses
Best Use
Retail
$2.03M
$1.78M – $2.37M
NOI $142,191 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.28M
$2.87M – $3.83M
NOI $229,848 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 27%
Shops & Services 27%
Electronics 3%
Smart & Final
Groceries
29,683 visits/mo
0.5 miles
Aldi
Groceries
17,299 visits/mo
0.3 miles
Jack in the Box
Dining
16,242 visits/mo
0.3 miles
7-Eleven
Shops & Services
11,565 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,117 visits/mo
0.3 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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 space - Flexible retail property offering a substantial build-out opportunity for a new commercial concept.
Where is this retail space located?
The property is located at 1480 Alamitos Long Beach, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 10,000 square feet of retail building area; Shell condition supports a new interior build‑out; Constructed in 1947
