Freestanding Warehouse with GL
For Sale
Contact for pricing
2029 W 16th St, Long Beach, CA 90813
Freestanding warehouse offering one ground-level loading door and one parking stall in a gated, secured lot.
Property Size4,700 SF
Price / SF$297.87
Days on Market279
Property Features for 2029 W 16th St
General Information
Standard status
Active
Size
4,700 SF
Total Parking Spaces
1
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Amenities
gated, secured lot
Listing Agency:
Coldwell Banker Commercial Blair
(562) 495-6070
Listed By:
George Bustamante · License #01484265
(714) 856-7399
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Aug 16
Last Checked: Jul 22 at 2:56AM
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 Coldwell Banker Commercial Blair
Investment Insights
Based on property information with market context.
This freestanding warehouse includes a ground-level (GL) loading door and has one parking stall available in a gated, secured lot.
The property is listed for sale as a commercial warehouse building at 2029 W 16th St in Long Beach, CA.
The building size is approximately 4,700 square feet.
The property is listed for sale as a commercial warehouse building at 2029 W 16th St in Long Beach, CA.
The building size is approximately 4,700 square feet.
Key Highlights
- Freestanding warehouse building
- Includes one ground‑level loading (GL) door
- One parking stall in a gated, secured lot
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
$66,694
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
4.76%
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%
$1,333,880
$1.3M
Cap Rate 7%
$952,771
$952.8K
Cap Rate 9%
$741,044
$741.0K
Market Conditions
NOI Build-Up for 4,700 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
$83.5K $17.76/SF
− Vacancy
−$5.0K −$1.07/SF
EGI
$78.5K $16.69/SF
− OpEx
−$11.8K −$2.50/SF
NOI
$66.7K $14.19/SF
Area
ZIP 90813
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
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%
$1,333,880
Cap Rate 7%
$952,771
Cap Rate 9%
$741,044
Alternative Uses
Best Use
Warehouse
$952.8K
$833.7K – $1.11M
NOI $66,694 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.54M
$1.35M – $1.80M
NOI $108,029 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse offering one ground-level loading door and one parking stall in a gated, secured lot.
Where is this warehouse located?
The property is located at 2029 W 16th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Freestanding warehouse building; Includes one ground‑level loading (GL) door; One parking stall in a gated, secured lot
