Freestanding Retail Building with
For Sale
Contact for pricing
216 S Spring St, Los Angeles, CA
Freestanding retail building featuring a loading dock.
Property Size13,900 SF
Lot Size0.29 Acres
Price / SF$352.52
Days on Market1284
Property Features for 216 S Spring St
General Information
Standard status
Active
Size
13,900 SF
Lot size
0.29 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown
Listing Agency:
Cushman & Wakefield
(310) 556-1805
Listed By:
Mike Condon, Jr.
(213) 629-7379
Source:
Moodyscre
Added: Apr 24, 2023
Changed: Oct 25
Last Checked: Oct 26 at 4:05PM
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 Cushman & Wakefield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a freestanding retail building with 13,900 square feet of space. The property includes a loading dock located on Harlem Alley at the rear of the building.
Key Highlights
- Free standing building
- Features a loading dock for convenient deliveries
- Loading dock access via Harlem Alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,580
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,451,600
$6.5M
Cap Rate 7%
$4,608,286
$4.6M
Cap Rate 9%
$3,584,222
$3.6M
Market Conditions
NOI Build-Up for 13,900 SF
Gross rent
$513.7K $36.96/SF
− Vacancy
−$52.9K −$3.81/SF
EGI
$460.8K $33.15/SF
− OpEx
−$138.2K −$9.95/SF
NOI
$322.6K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,451,600
Cap Rate 7%
$4,608,286
Cap Rate 9%
$3,584,222
Alternative Uses
Best Use
Retail
$4.61M
$4.03M – $5.38M
NOI $322,580 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$281.61M
$246.40M – $328.54M
NOI $19,712,396 @ 7.0% cap · market cap 402.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16,509
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Birch & Bone — 743 Maple Ave, Los Angeles, CA 90014
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- Be A Tall Poppy — 767 Santee St, Los Angeles, CA 90014
- SOS flowers market — 754 Wall St #40, Los Angeles, CA 90014
- Orchid Man — 755 Wall St, Los Angeles, CA 90014
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building featuring a loading dock.
Where is this storefront property located?
The property is located at 216 S Spring St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Free standing building; Features a loading dock for convenient deliveries; Loading dock access via Harlem Alley
