Freestanding Restaurant Building with
For Sale
Contact for pricing
25501 Narbonne Avenue, Lomita, CA 90717
Purpose-built restaurant facility with a Type II fire hood, walk-in cooler, and dedicated delivery driveway on a corner lot.
Property Size2,431 SF
Lot Size0.12 Acres
Price / SF$473.06
Days on Market51
Property Features for 25501 Narbonne Avenue
General Information
Standard status
Active
Size
2,431 SF
Class
B
Total Parking Spaces
8
Lot size
0.12 Acres
Property subtype
Retail
Zoning
LOCG
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$37,608
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Business Included
Yes
Heavy Power
Yes
Building Details
Year Built
2004
Units
1
Tenancy
Single
Listing Agency:
The Kondo Group - Compass
Listed By:
Poul Erik Norgaard · License #02013555
Source:
Crexi
Added: Jul 2
Changed: Aug 16
Last Checked: Aug 21 at 9:32AM
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 The Kondo Group - Compass
Investment Insights
Based on property information with market context.
Built in 2004, this freestanding commercial restaurant property is well maintained and designed for efficient daily operations. The building includes approximately 2,431 square feet of interior space with large storefront windows that bring in natural light and support customer-facing visibility. Operational features include a walk-in commercial cooler, a Type II fire hood with a full exhaust system, multiple commercial hand sinks, and floor drains for cleanup. There is also a spacious storage area, a double-door receiving entrance, and dedicated workstations with overhead pull-down power. Utility and site-ready elements include a dedicated delivery driveway with an 8–9-inch-thick concrete pad intended to accommodate heavy delivery trucks, plus a storage and utility setup that supports day-to-day food service needs. The property also features two ADA-compliant restrooms, fly fans at the entry doors, a ground grease catch basin, and an electrical system with a 400-amp main service split into two 200-amp interior panels.
Set on a 5,216-square-foot corner lot at 25501 Narbonne Avenue in Lomita, the building benefits from outstanding street presence and direct exposure from the storefront.
This property is an especially practical fit for a restaurant, food service operation, or other commercial kitchen user looking for a purpose-built layout and infrastructure, including exhaust and grease management, receiving access, and on-site delivery support.
Set on a 5,216-square-foot corner lot at 25501 Narbonne Avenue in Lomita, the building benefits from outstanding street presence and direct exposure from the storefront.
This property is an especially practical fit for a restaurant, food service operation, or other commercial kitchen user looking for a purpose-built layout and infrastructure, including exhaust and grease management, receiving access, and on-site delivery support.
Key Highlights
- Built in 2004 freestanding commercial property with approx. 2,432 SF interior space on a 5,216 SF corner lot
- Restaurant‑ready systems include a walk‑in commercial cooler and Type II fire hood with full exhaust system
- Delivery support: dedicated delivery driveway with an 8–9‑inch‑thick concrete pad for heavy delivery trucks
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
$57,627
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
5.01%
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%
$1,152,540
$1.2M
Cap Rate 7%
$823,243
$823.2K
Cap Rate 9%
$640,300
$640.3K
Market Conditions
NOI Build-Up for 2,431 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
$82.3K $33.84/SF
− Vacancy
−$5.4K −$2.23/SF
EGI
$76.8K $31.61/SF
− OpEx
−$19.2K −$7.90/SF
NOI
$57.6K $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%
$1,152,540
Cap Rate 7%
$823,243
Cap Rate 9%
$640,300
Alternative Uses
Best Use
Specialty Retail
$823.2K
$720.3K – $960.5K
NOI $57,627 @ 7.0% cap · market cap 5.01%
Second Best
Industrial
$405.8K
$355.1K – $473.5K
NOI $28,409 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,108 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,746
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Shops & Services 28%
Dining 21%
Groceries 15%
Target
Superstores
46,573 visits/mo
0.1 miles
Grocery Outlet Bargain Market
Groceries
22,192 visits/mo
0.1 miles
NORMS
Dining
17,488 visits/mo
0.4 miles
Cold Stone Creamery
Dining
9,117 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,342 visits/mo
0.5 miles
Demographics for 90717, CA
22,044
Population
8,199
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,022
Density / Sq Mi
$92,984
Median Household Income
$48,740
Median Earnings
$1,874
Median Rent
$793,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Purpose-built restaurant facility with a Type II fire hood, walk-in cooler, and dedicated delivery driveway on a corner lot.
Where is this conventional restaurant located?
The property is located at 25501 Narbonne Avenue Lomita, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 2004 freestanding commercial property with approx. 2,432 SF interior space on a 5,216 SF corner lot; Restaurant‑ready systems include a walk‑in commercial cooler and Type II fire hood with full exhaust system; Delivery support: dedicated delivery driveway with an 8–9‑inch‑thick concrete pad for heavy delivery trucks
