Freestanding Flex Space with
For Sale
Contact for pricing
1621-1623 W Gladstone St, Azusa, CA 91702
Secured, fenced yard complements a flexible building with office space and ground-level loading access.
Property Size4,000 SF
Price / SF$450
Days on Market53
Property Features for 1621-1623 W Gladstone St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
KW Commercial
(909) 980-6868
Listed By:
Rene Ramos, Jr. · License #01836872
Source:
Moodyscre
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 30 at 5:20PM
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 KW Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding flex property at 1621-1623 W Gladstone St in Azusa comprises 4,000 square feet, including 500 square feet of office space. The building is equipped with four ground-level roll-up doors, supporting warehouse, service, or other commercial operations that require direct access at grade.
A fully fenced and secured yard provides defined outdoor space alongside the building. Electrical service is identified at 400 amps, subject to buyer verification. The combination of office accommodation, multiple roll-up doors, yard area, and substantial power creates a practical format for a range of flex-oriented uses.
A fully fenced and secured yard provides defined outdoor space alongside the building. Electrical service is identified at 400 amps, subject to buyer verification. The combination of office accommodation, multiple roll-up doors, yard area, and substantial power creates a practical format for a range of flex-oriented uses.
Key Highlights
- 4,000 SF freestanding flex building
- 500 SF of office space
- Four ground‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,048
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,960
$1.0M
Cap Rate 7%
$743,543
$743.5K
Cap Rate 9%
$578,311
$578.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$64.3K $16.08/SF
− Vacancy
−$3.1K −$0.77/SF
EGI
$61.2K $15.31/SF
− OpEx
−$9.2K −$2.30/SF
NOI
$52.0K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,960
Cap Rate 7%
$743,543
Cap Rate 9%
$578,311
Alternative Uses
Best Use
Warehouse
$743.5K
$650.6K – $867.5K
NOI $52,048 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$667.8K
$584.3K – $779.1K
NOI $46,744 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,911 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91702, CA
62,328
Population
18,218
Households
3.4
Avg Household Size
34
Median Age
24%
College-Educated
78%
High-School Grad
65.0 sq mi
ZIP Area
959
Density / Sq Mi
$87,577
Median Household Income
$35,714
Median Earnings
$1,847
Median Rent
$604,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Tasty Tacos — N Alameda Ave, Azusa, CA 91702
- Keith's Kettle Corn — 200 W Foothill Blvd #3, Azusa, CA 91702
- Bashful Butler — 124 E Santa Fe Ave, Azusa, CA 91702
Frequently Asked Questions
What type of property is this?
Flex space - Secured, fenced yard complements a flexible building with office space and ground-level loading access.
Where is this flex space located?
The property is located at 1621-1623 W Gladstone St Azusa, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,000 SF freestanding flex building; 500 SF of office space; Four ground‑level roll‑up doors
