Mixed-Use Retail and Office
For Sale
$7,495,000
240 Center Street, El Segundo, CA 90245
Corner lot building with leased downstairs retail space and an upstairs veterinarian tenant.
Property Size14,350 SF
Days on Market421
Property Features for 240 Center Street
General Information
Standard status
Active
Size
14,350 SF
Property subtype
Business
Building Details
Building Size
14,350 SF
Year Built
1979
Listing Agency:
West Shores Realty, Inc. 310-939-7171 Overview Additional information MLS R ID SB25163883 Interior features Exterior features Lot Size 0.47 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by Steve Legare CA DRE# 00452827 with West Shores Realty, Inc. 310-939-7171
Listed By:
Steve Legare CA DRE# 00452827 · License #00452827
(310) 939-7171
Source:
Truthrealty
Added: Jul 21, 2025
Changed: Sep 10
Last Checked: Sep 14 at 7:58AM
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, Inc. 310-939-7171 Overview Additional information MLS R ID SB25163883 Interior features Exterior features Lot Size 0.47 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by Steve Legare CA DRE# 00452827 with West Shores Realty, Inc. 310-939-7171
Investment Insights
Based on property information with market context.
This for-sale land and building includes two leased spaces within the same property. Upstairs, a veterinarian tenant has been in place for a number of years, and the approximately 4,350-square-foot space is leased. Downstairs is occupied by a memorabilia and sports card business that relocated there a couple of years ago, and it is also under lease.
The property sits on a corner lot in El Segundo and is described as being in the middle of the city, with convenient access to major east-west street routes. The remarks also note it is about one mile to the ocean and suitable for business-oriented tenants.
The offering is for the land and building only; the businesses themselves are not included.
The property sits on a corner lot in El Segundo and is described as being in the middle of the city, with convenient access to major east-west street routes. The remarks also note it is about one mile to the ocean and suitable for business-oriented tenants.
The offering is for the land and building only; the businesses themselves are not included.
Key Highlights
- Corner‑lot land and building for sale (businesses not included)
- Single 2‑story building built in 1979 with total building area of 14,350 sq ft
- Upstairs tenant is a veterinarian with approximately 4,350 sq ft under lease
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
$317,488
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
4.24%
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%
$6,349,760
$6.3M
Cap Rate 7%
$4,535,543
$4.5M
Cap Rate 9%
$3,527,644
$3.5M
Market Conditions
NOI Build-Up for 14,350 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
$485.6K $33.84/SF
− Vacancy
−$32.0K −$2.23/SF
EGI
$453.6K $31.61/SF
− OpEx
−$136.1K −$9.48/SF
NOI
$317.5K $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%
$6,349,760
Cap Rate 7%
$4,535,543
Cap Rate 9%
$3,527,644
Alternative Uses
Best Use
Retail
$4.54M
$3.97M – $5.29M
NOI $317,488 @ 7.0% cap · market cap 4.24%
Second Best
Office B
$4.48M
$3.92M – $5.23M
NOI $313,680 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$7.68M
$6.72M – $8.96M
NOI $537,805 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,109
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90245, CA
17,272
Population
7,677
Households
2.2
Avg Household Size
39
Median Age
63%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
3,259
Density / Sq Mi
$149,149
Median Household Income
$83,427
Median Earnings
$2,547
Median Rent
$1,521,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner lot building with leased downstairs retail space and an upstairs veterinarian tenant.
Where is this medical office space located?
The property is located at 240 Center Street El Segundo, CA.
What is the asking price?
The asking price for this property is $7,495,000.
What are key features of this property?
This property features: Corner‑lot land and building for sale (businesses not included); Single 2‑story building built in 1979 with total building area of 14,350 sq ft; Upstairs tenant is a veterinarian with approximately 4,350 sq ft under lease
