Freestanding Office-Retail
New
For Sale
$1,049,000
2017 Lomita, Lomita, CA 90717
Established packing, shipping, and mailbox operation with two commercial spaces and four tandem parking spaces.
Property Size1,395 SF
Days on Market2
Property Features for 2017 Lomita
General Information
Standard status
Active
Size
1,395 SF
Total Parking Spaces
4
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
1,395 SF
Year Built
1960
Units
2
Listing Agency:
West Shores Realty
Listed By:
Anwer Khan · License #01743675
(310) 920-7434
Source:
Elliman
Added: Sep 19
Last Checked: Sep 19 at 7:39AM
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 West Shores Realty
Investment Insights
Based on property information with market context.
This offering combines an established packing, shipping, and mailbox business with the freestanding office and retail building it has occupied since 1982. The property includes two commercial spaces and four tandem parking spaces, supporting continued business operations from a single location. The building was constructed in 1960 and has received a new AC system, upgraded lighting, and fresh exterior paint.
Located at 2017 Lomita in Lomita, California, the property fronts a major thoroughfare and is positioned in a walkable setting with a Walk Score of 76, a Bike Score of 34, and a Transit Score of 36. The business is staffed by long-term employees, and seller training is provided at handoff. The sale is offered as-is; inventory is sold separately, and financial information is available upon execution of an NDA.
Located at 2017 Lomita in Lomita, California, the property fronts a major thoroughfare and is positioned in a walkable setting with a Walk Score of 76, a Bike Score of 34, and a Transit Score of 36. The business is staffed by long-term employees, and seller training is provided at handoff. The sale is offered as-is; inventory is sold separately, and financial information is available upon execution of an NDA.
Key Highlights
- Established packing, shipping, and mailbox operation in place since 1982
- Freestanding office and retail building constructed in 1960
- Two commercial spaces with four tandem parking spaces
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
$30,864
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
2.94%
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%
$617,280
$617.3K
Cap Rate 7%
$440,914
$440.9K
Cap Rate 9%
$342,933
$342.9K
Market Conditions
NOI Build-Up for 1,395 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
$47.2K $33.84/SF
− Vacancy
−$3.1K −$2.23/SF
EGI
$44.1K $31.61/SF
− OpEx
−$13.2K −$9.48/SF
NOI
$30.9K $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 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%
$617,280
Cap Rate 7%
$440,914
Cap Rate 9%
$342,933
Alternative Uses
Best Use
Retail
$440.9K
$385.8K – $514.4K
NOI $30,864 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.9K
$653.5K – $871.4K
NOI $52,281 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Apparel 25%
Shops & Services 24%
McDonald's
Dining
25,467 visits/mo
0.5 miles
Savers Thrift Store
Apparel
21,903 visits/mo
0.5 miles
Taco Bell
Dining
13,187 visits/mo
0.0 miles
7-Eleven
Shops & Services
8,321 visits/mo
0.1 miles
AutoZone
Shops & Services
6,294 visits/mo
0.1 miles
Demographics for 90717, CA
22,044
Population
8,199
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,022
Density / Sq Mi
$92,984
Median Household Income
$48,740
Median Earnings
$1,874
Median Rent
$793,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Established packing, shipping, and mailbox operation with two commercial spaces and four tandem parking spaces.
Where is this storefront property located?
The property is located at 2017 Lomita Lomita, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Established packing, shipping, and mailbox operation in place since 1982; Freestanding office and retail building constructed in 1960; Two commercial spaces with four tandem parking spaces
