San Gabriel Industrial/Flex
For Sale
Contact for pricing
236 Clary Ave, San Gabriel, CA 91776
4,988 SF industrial condo with warehouse and office space.
Property Size4,988 SF
Price / SF$339.82
Days on Market160
Property Features for 236 Clary Ave
General Information
Standard status
Active
Size
4,988 SF
Class
C
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1992
Stories
1
Units
1
Tenancy
Single
Listing Agency:
MGR Real Estate
(626) 999-7058
Listed By:
Serge Maalouf · License #01932248
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 MGR Real Estate
Investment Insights
Based on property information with market context.
This 4,988 square foot industrial condo is located in the San Gabriel City submarket of Los Angeles County. Constructed in 1992, the property features concrete tilt-up construction and a blend of warehouse and office space. The warehouse component measures approximately 3,038 square feet with a 20-foot clear height and includes one 14-foot high by 12-foot wide ground-level roll-up door equipped with a newer electric motor. The two-story office area totals 1,950 square feet with approximately 9-foot ceilings. The office space includes security roll-up doors, a break room, and a large restroom. The versatile layout features an open space suitable for a showroom, a dedicated boiler room, or a secondary open office area or utility room. The property is located close to Las Tunas Drive and Mission Road, Smith Park, and downtown San Gabriel, which features the San Gabriel Mission, local restaurants, and the Mission Playhouse. It is excellent for general warehouse storage, light industrial use, business or personal services, office space, or a showroom.
Key Highlights
- Prime location in high‑demand San Gabriel City submarket, Los Angeles County
- Approximately 4,988 SF industrial/flex condo with a functional blend of warehouse and office space
- Warehouse boasts 20' clear height and one 14' H x 12' W ground level roll‑up door with newer electric motor
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
$64,904
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
3.83%
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%
$1,298,080
$1.3M
Cap Rate 7%
$927,200
$927.2K
Cap Rate 9%
$721,156
$721.2K
Market Conditions
NOI Build-Up for 4,988 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
$80.2K $16.08/SF
− Vacancy
−$3.8K −$0.77/SF
EGI
$76.4K $15.31/SF
− OpEx
−$11.5K −$2.30/SF
NOI
$64.9K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /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%
$1,298,080
Cap Rate 7%
$927,200
Cap Rate 9%
$721,156
Alternative Uses
Best Use
Warehouse
$927.2K
$811.3K – $1.08M
NOI $64,904 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$832.7K
$728.6K – $971.5K
NOI $58,290 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,939 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91776, CA
38,031
Population
12,806
Households
3
Avg Household Size
42
Median Age
29%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
11,525
Density / Sq Mi
$79,926
Median Household Income
$37,548
Median Earnings
$1,825
Median Rent
$816,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Something Good LA — 425 S Mission Dr, San Gabriel, CA 91776
- Noho Cuisine — 409 s mission dr, san gabriel, ca 91776
Frequently Asked Questions
What type of property is this?
Flex space - 4,988 SF industrial condo with warehouse and office space.
Where is this flex space located?
The property is located at 236 Clary Ave San Gabriel, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Prime location in high‑demand San Gabriel City submarket, Los Angeles County; Approximately 4,988 SF industrial/flex condo with a functional blend of warehouse and office space; Warehouse boasts 20' clear height and one 14' H x 12' W ground level roll‑up door with newer electric motor
