Anchored Shopping
For Sale
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19811 Colima Road, Walnut, CA 91789
Established retail center with banking and restaurant anchors plus retail, educational, and professional tenant uses.
Property Size31,794 SF
Price / SF$327.11
Days on Market52
Property Features for 19811 Colima Road
General Information
Standard status
Active
Size
31,794 SF
Total Parking Spaces
91
Property subtype
Retail
Zoning
C2
Occupancy
85%
Investment Type
Value Add
Net Operating Income
$592,600
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Bank of Hope, Boiling Point Restaurant
Traffic Count
52,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1987
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
CBRE - Ontario
Listed By:
Justin Marlowe · License #CA 01992131
(909) 418-2216
Source:
Crexi
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 16 at 9:24AM
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 CBRE - Ontario
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Investment Insights
Based on property information with market context.
Hing Wa Lee Plaza II is a 31,794 SF shopping center built in 1987 and currently 85% occupied. The property includes Bank of Hope and Boiling Point Restaurant as anchors, with additional retail, educational, and professional tenants serving the surrounding community. C2 zoning supports its commercial retail setting.
The center occupies the intersection of Colima Road and Fairway Drive in Walnut, California, along the Colima Road commercial corridor. Approximately 52,000 cars pass the property daily, and State Route 60 is 0.5 miles away. The location also sits near the State Route 57 interchange and surrounding shopping and dining destinations.
The center occupies the intersection of Colima Road and Fairway Drive in Walnut, California, along the Colima Road commercial corridor. Approximately 52,000 cars pass the property daily, and State Route 60 is 0.5 miles away. The location also sits near the State Route 57 interchange and surrounding shopping and dining destinations.
Key Highlights
- 31,794 SF shopping center built in 1987
- 85% occupied with retail, educational, and professional tenants
- Anchored by Bank of Hope and Boiling Point Restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$703,429
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,068,580
$14.1M
Cap Rate 7%
$10,048,986
$10.0M
Cap Rate 9%
$7,815,878
$7.8M
Market Conditions
NOI Build-Up for 31,794 SF
Gross rent
$1.08M $33.84/SF
− Vacancy
−$71.0K −$2.23/SF
EGI
$1.00M $31.61/SF
− OpEx
−$301.5K −$9.48/SF
NOI
$703.4K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,068,580
Cap Rate 7%
$10,048,986
Cap Rate 9%
$7,815,878
Alternative Uses
Best Use
Retail
$10.05M
$8.79M – $11.72M
NOI $703,429 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.02M
$14.89M – $19.86M
NOI $1,191,567 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
52,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
79k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Shops & Services 29%
Dining 22%
Hotels & Casinos 2%
Stater Bros. Markets
Groceries
36,634 visits/mo
0.3 miles
Daiso USA
Shops & Services
15,822 visits/mo
0.3 miles
Starbucks
Dining
8,629 visits/mo
0.3 miles
Yogurtland
Dining
7,514 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,303 visits/mo
0.2 miles
Demographics for 91789, CA
41,235
Population
13,486
Households
3.1
Avg Household Size
46
Median Age
53%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
2,593
Density / Sq Mi
$125,742
Median Household Income
$54,865
Median Earnings
$2,868
Median Rent
$936,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with banking and restaurant anchors plus retail, educational, and professional tenant uses.
Where is this shopping center located?
The property is located at 19811 Colima Road Walnut, CA.
What is the asking price?
The asking price for this property is $10,400,000.
What are key features of this property?
This property features: 31,794 SF shopping center built in 1987; 85% occupied with retail, educational, and professional tenants; Anchored by Bank of Hope and Boiling Point Restaurant
