Grocery and Convenience Store
For Sale
$750,000
2501 Gage Avenue, Huntington Park, CA 90255
Commercial site with existing tenants and an established income-producing use.
Property Size1,032 SF
Price / SF$726.74
Days on Market228
Property Features for 2501 Gage Avenue
General Information
Standard status
Active
Size
1,032 SF
Property subtype
General Commercial
Amenities
3
HPCN*
100x90
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Mega Realty
(323) 692-9900
Listed By:
Tom-Chang Kim · License #01351524
Source:
Xome
Added: Jan 16
Changed: Aug 31
Last Checked: Aug 31 at 1:28PM
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 Mega Realty
Investment Insights
Based on property information with market context.
This grocery and convenience store property includes more than 9,000 SF of commercial lot area and was built in 1960. The site is occupied by current tenants, supporting continued commercial use or an owner-user strategy.
Located at 2501 E Gage Avenue in Huntington Park, California, the property offers an established operating context for a grocery or convenience-oriented business. Tenant lease details are available through the listing agent.
Located at 2501 E Gage Avenue in Huntington Park, California, the property offers an established operating context for a grocery or convenience-oriented business. Tenant lease details are available through the listing agent.
Key Highlights
- More than 9,000 SF of commercial lot area
- Current tenants in place
- Built in 1960
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
$24,463
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
3.26%
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%
$489,260
$489.3K
Cap Rate 7%
$349,471
$349.5K
Cap Rate 9%
$271,811
$271.8K
Market Conditions
NOI Build-Up for 1,032 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
$34.9K $33.84/SF
− Vacancy
−$2.3K −$2.23/SF
EGI
$32.6K $31.61/SF
− OpEx
−$8.2K −$7.90/SF
NOI
$24.5K $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%
$489,260
Cap Rate 7%
$349,471
Cap Rate 9%
$271,811
Alternative Uses
Best Use
Specialty Retail
$349.5K
$305.8K – $407.7K
NOI $24,463 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$326.2K
$285.4K – $380.6K
NOI $22,833 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$552.5K
$483.5K – $644.6K
NOI $38,677 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,610
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90255, CA
71,157
Population
19,265
Households
3.7
Avg Household Size
34
Median Age
9%
College-Educated
53%
High-School Grad
3.7 sq mi
ZIP Area
19,232
Density / Sq Mi
$61,376
Median Household Income
$31,695
Median Earnings
$1,443
Median Rent
$562,600
Median Home Value
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?
Grocery and convenience store - Commercial site with existing tenants and an established income-producing use.
Where is this grocery and convenience store located?
The property is located at 2501 Gage Avenue Huntington Park, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: More than 9,000 SF of commercial lot area; Current tenants in place; Built in 1960
