Five-Tenant Neighborhood Shopping
For Sale
Contact for pricing
2501-2599 S Santa Fe Ave, Vernon, CA
Modern retail center anchored by Circle K and Trattoria No. 25 with ample surface parking for customer convenience.
Property Size14,102 SF
Lot Size1.18 Acres
Price / SF$496.03
Days on Market66
Property Features for 2501-2599 S Santa Fe Ave
General Information
Standard status
Active
Size
14,102 SF
Total Parking Spaces
98
Lot size
1.18 Acres
Property subtype
Retail
Zoning
C2 Commercial
Occupancy
56%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$475,019
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Units
5
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - Orange County, California
(310) 367-7611
Listed By:
Gil Corber · License #CA 01378982
Source:
Crexi
Added: Jun 6
Changed: Aug 7
Last Checked: Aug 9 at 1:08PM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
Santa Fe Plaza is a five-tenant neighborhood shopping center built in 2006, totaling approximately 14,102 square feet on 1.18 acres. The property includes 98 surface parking spaces and benefits from a modern construction profile with minimal deferred maintenance, designed to support everyday retail traffic. Tenants are currently supported by anchors Circle K and the long-standing Trattoria No. 25.
The center is located at the signalized southwest corner of South Santa Fe Avenue and East 25th Street in Vernon. It sits along one of Vernon’s primary commercial corridors, offering strong visibility and straightforward access for drivers entering and exiting the intersection. The surrounding area is described as having a dense industrial employment base that contributes substantial daytime activity.
For investors and operators, the mix of an anchored retail center with on-site dining and convenience support can be an efficient platform for managing tenant occupancy and lease terms across multiple suites. The property’s parking availability and corner location are practical considerations for retailers seeking customer-friendly access in a steady neighborhood setting.
The center is located at the signalized southwest corner of South Santa Fe Avenue and East 25th Street in Vernon. It sits along one of Vernon’s primary commercial corridors, offering strong visibility and straightforward access for drivers entering and exiting the intersection. The surrounding area is described as having a dense industrial employment base that contributes substantial daytime activity.
For investors and operators, the mix of an anchored retail center with on-site dining and convenience support can be an efficient platform for managing tenant occupancy and lease terms across multiple suites. The property’s parking availability and corner location are practical considerations for retailers seeking customer-friendly access in a steady neighborhood setting.
Key Highlights
- Five‑tenant neighborhood shopping center totaling approx. 14,102 SF on 1.18 acres
- Built in 2006 with modern construction
- Anchored by Circle K and the long‑standing Trattoria No. 25
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
$334,287
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
4.78%
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%
$6,685,740
$6.7M
Cap Rate 7%
$4,775,529
$4.8M
Cap Rate 9%
$3,714,300
$3.7M
Market Conditions
NOI Build-Up for 14,102 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
$477.2K $33.84/SF
− Vacancy
−$31.5K −$2.23/SF
EGI
$445.7K $31.61/SF
− OpEx
−$111.4K −$7.90/SF
NOI
$334.3K $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%
$6,685,740
Cap Rate 7%
$4,775,529
Cap Rate 9%
$3,714,300
Alternative Uses
Best Use
Specialty Retail
$4.78M
$4.18M – $5.57M
NOI $334,287 @ 7.0% cap · market cap 4.78%
Second Best
Retail
$4.46M
$3.90M – $5.20M
NOI $312,001 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$7.55M
$6.61M – $8.81M
NOI $528,511 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Modern retail center anchored by Circle K and Trattoria No. 25 with ample surface parking for customer convenience.
Where is this shopping center located?
The property is located at 2501-2599 S Santa Fe Ave Vernon, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Five‑tenant neighborhood shopping center totaling approx. 14,102 SF on 1.18 acres; Built in 2006 with modern construction; Anchored by Circle K and the long‑standing Trattoria No. 25
