Retail Center Anchored by
For Sale
Contact for pricing
20373 Valley Blvd, Walnut, CA 91789
5,850 SF retail center in Walnut, CA for sale.
Property Size5,850 SF
Price / SF$769.23
Days on Market154
Property Features for 20373 Valley Blvd
General Information
Standard status
Active
Size
5,850 SF
Class
A
Property subtype
Retail
Zoning
M-1
Building Details
Year Built
2013
Listing Agency:
CBRE - Ontario
(909) 418-2216
Listed By:
Justin Marlowe · License #CA 01992131
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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
Investment Insights
Based on property information with market context.
Lemon Valley Plaza is a retail center located at 20373 Valley Blvd in Walnut, Los Angeles County, CA. Built in 2013, the property is a 100% occupied, approximately 5,850 square foot retail center. It features a mix of retail and service-oriented tenants. The property is anchored by a high-volume Starbucks drive-thru. In 2023, Starbucks extended their lease through February 2034, with four, 5-year renewal options.
Key Highlights
- Anchored by a high‑volume Starbucks drive‑thru with a lease extended through February 2034, plus four 5‑year renewal options.
- 100% occupied, ±5,850 SF retail center with a complementary mix of retail and service‑oriented tenants.
- Located in the highly desired City of Walnut, Los Angeles County, CA, an affluent community in the San Gabriel Valley.
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
$138,674
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
3.08%
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%
$2,773,480
$2.8M
Cap Rate 7%
$1,981,057
$2.0M
Cap Rate 9%
$1,540,822
$1.5M
Market Conditions
NOI Build-Up for 5,850 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
$198.0K $33.84/SF
− Vacancy
−$13.1K −$2.23/SF
EGI
$184.9K $31.61/SF
− OpEx
−$46.2K −$7.90/SF
NOI
$138.7K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
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%
$2,773,480
Cap Rate 7%
$1,981,057
Cap Rate 9%
$1,540,822
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,674 @ 7.0% cap · market cap 3.08%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,429 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,245 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
5,393 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
1,565 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
988 visits/mo
0.1 miles
Caliber Collision
Shops & Services
984 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walnut Village — 134 Pierre Rd, Walnut, CA 91789
- Walnut — 40 98719 S Lemon Ave, Walnut, CA 91789
- Hui Tech Inc — 340 S Lemon Ave, Walnut, CA 91789
- 贝壳小百货 — 727 S Brea Canyon Rd Suite #9, Walnut, CA 91789
- Maestro Luggage INC. — 618 reyes dr, walnut, ca 91789
Frequently Asked Questions
What type of property is this?
Shopping center - 5,850 SF retail center in Walnut, CA for sale.
Where is this shopping center located?
The property is located at 20373 Valley Blvd Walnut, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Anchored by a high‑volume Starbucks drive‑thru with a lease extended through February 2034, plus four 5‑year renewal options.; 100% occupied, ±5,850 SF retail center with a complementary mix of retail and service‑oriented tenants.; Located in the highly desired City of Walnut, Los Angeles County, CA, an affluent community in the San Gabriel Valley.
