Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Office Building Near Stadium Title is generated by Realmo AI

    241 S Market Street, Inglewood, CA 90301

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Downtown Inglewood office building for sale, close to SoFi Stadium.

    Type:Office
    Property size:
    3,750 SF
    Price / SF:
    $372/SF
    Added:
    Nov 21, 2022
    Days on Market:
    1290
    Last Refresh:
    May 19 at 8:54 pm

    Property Features for 241 S Market Street

    General Information

    Standard status
    Active
    Size
    3,750 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jeff Galvan

    Listing agent Jeff Galvan License #CA 01291531

    Listing office Commercial Asset Group, Inc.

    Listing date Nov 21, 2022

    Source Crexi

    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 Commercial Asset Group, Inc.

    HighLights

    • Fully Remodeled Property
    • Located in Downtown Inglewood
    • Minutes Away from SoFi Stadium
    • Home of the LA Rams

    Overview

    Located in downtown Inglewood, this 3,750 square-foot property is available for sale. The building has been fully remodeled and is situated minutes away from SoFi Stadium, home of the LA Rams. The property is suitable for commercial real estate and office use.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $126.0k $33.60
    − Vacancy −$18.9k −$5.04
    EGI $107.1k $28.56
    − OpEx −$26.8k −$7.14
    NOI $80.3k $21.42
    3,750 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.15M
    $1.00M – $1.34M (±1% cap)
    NOI $80,325 @ 7.0% cap · market cap 5.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.53M
    $1.34M – $1.79M (±1% cap)
    NOI $107,100 @ 7.0% cap · market cap 7.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Beakon Radio Radio Station Big Wave Realty Real Estate Agency Clean Credit Agency Financial Advisor Generation X Group Association Or Organization bruce stuart Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3523668
    Latitude
    33.9609267

    Nearby Similar for Sale

    • $975,000
      3,586 SF

      Inglewood Quadruplex: Renovation Opportunity

      Quadruplex in Inglewood with renovation potential near entertainment corridor.
      3715 W 111th Place, Inglewood, CA 90303
      View Details
    • $2,400,000
      5,029 SF

      Triplex with Two Townhomes and ADU

      Luxury three-unit new construction with two attached townhomes and a detached ADU, each with private garages.
      642 E Fairview Boulevard, Inglewood, CA 90302
      View Details
    • $900,000
      3,900 SF

      Inglewood Commercial Retail Opportunity

      Commercial retail and mixed-use space near SoFi Stadium.
      8519 Crenshaw Boulevard 8521, Inglewood, CA 90305
      View Details
    • $850,000
      1,336 SF

      Inglewood Duplex: Investment Opportunity

      Duplex in Inglewood near SoFi Stadium with income potential.
      3401 W 110th Street, Inglewood, CA 90303
      View Details
    • $2,285,000
      6,020 SF

      Modern Triplex Near SoFi Stadium

      New construction triplex near SoFi Stadium, Intuit Dome, and LAX.
      10905 Dalerose Avenue, Inglewood, CA 90304
      View Details
    • $1,899,999
      6,441 SF

      Inglewood Multifamily Investment Opportunity

      Six-unit multifamily property in North Inglewood with value-add potential.
      519 N Exton Ave, Inglewood, CA 90302
      View Details
    • $1,995,777
      4,750 SF

      Inglewood Triplex: Modern, Renovated, Furnished

      Fully renovated, furnished triplex in prime Inglewood location near SoFi.
      1013 E La Palma, Inglewood, CA 90301
      View Details
    • $995,000
      1,730 SF

      Inglewood Duplex with Detached Units

      Two detached units, private yards, near LAX and SoFi.
      547 W Kelso St, Inglewood, CA 90301
      View Details
    • $999,000
      1,806 SF

      Inglewood Duplex with Large Courtyard

      Gated duplex on a spacious lot with outdoor living spaces.
      4125 Lennox Boulevard, Inglewood, CA 90304
      View Details
    • $799,000
      1,284 SF

      Inglewood Duplex: Income Potential

      Single-level duplex in Inglewood with consistent income potential.
      1118 Marlborough Ave, Inglewood, CA 90302
      View Details
    • $974,000
      2,066 SF

      Inglewood Duplex Near Entertainment Hubs

      Spacious duplex near So-Fi Stadium and Intuit Dome.
      3202 W 111th St, Inglewood, CA 90303
      View Details
    • $4,295,000
      11,879 SF

      Inglewood Multifamily Turnkey Asset

      22-unit multifamily property near SoFi Stadium and Intuit Dome.
      10720 Burin Avenue, Inglewood, CA 90304
      View Details

    FAQs

    What type of property is this?
    Office building - Downtown Inglewood office building for sale, close to SoFi Stadium.
    Where is this office building located?
    The property is located at 241 S Market Street Inglewood, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Fully Remodeled Property; Located in Downtown Inglewood; Minutes Away from SoFi Stadium
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Galvan
    Real Estate License ID: CA 01291531
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    241 S Market Street, Inglewood, CA 90301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!