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    28358 S Western Ave Rancho Palos Verdes, CA 90275

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    For Lease
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    Turn-key location suitable for dental or retail/office use.

    Type:Retail, Office
    Added:
    Aug 14, 2025
    Days on Market:
    232
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 28358 S Western Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 28358 S Western Ave Contact us

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    Listing Contact
    Jeannie Lee

    Listing agent Jeannie Lee License #01190188

    Listing office Jeannie Lee Realty Inc.

    Listing date Aug 14, 2025

    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 Jeannie Lee Realty Inc.

    Overview

    Rancho Palos Verdes Retail/Office Space

    Located in Westmont Plaza at 28358 Western Ave in Rancho Palos Verdes, this suite is currently built out as a dental office. The location may suit a chain of dental stores or a private practice seeking to benefit from the goodwill established over 44 years by a private dental practice. Situated on Western Avenue, a primary rental corridor for eastern Rancho Palos Verdes and San Pedro, the property benefits from high traffic. The shopping center is anchored by Smart Final, Chase Bank, and Wells Fargo Bank, alongside a mix of restaurants and services. The storefront is near Smart and Final, off Western Avenue. The location is within the affluent city of Rancho Palos Verdes, near another large shopping center anchored by Albertson's and Rite-Aid pharmacy. The center benefits from a high-profile location on a high-traffic main street, a densely populated upscale trade area, and a good tenant mix. The premises can be used for any other purpose. The CAM charge is $1.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 852 N Western Ave, San Pedro, CA 90732
    • Vetco Vaccination Clinic — 852 S Western Ave, San Pedro, CA 90731
    • 1st Care Vets Pet Vaccinations — 28901 s western ave, rancho palos verdes, ca 90275
    • Vetco Total Care Animal Hospital — 852 N Western Ave, San Pedro, CA 90732
    • Streeter David J DVM — 28916 S Western Ave, Rancho Palos Verdes, CA 90275, United States

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Palos Verdes
    County
    Los Angeles
    State
    California
    Longitude
    -118.311871
    Latitude
    33.762131

    Nearby Similar for Lease

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      Mediterranean Style Office Building

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    FAQs

    What type of property is this?
    Medical Office Space - Turn-key location suitable for dental or retail/office use.
    Where is this medical office space located?
    The property is located at 28358 S Western Ave Rancho Palos Verdes, CA.
    What are key features of this property?
    This property features: Turn‑key location ideal for dental practice, benefiting from 44 years of established goodwill.; Located on Western Avenue, the dominant rental corridor in Rancho Palos Verdes and San Pedro.; Anchored by Smart Final, Chase Bank, and Wells Fargo Bank, ensuring consistent customer traffic.
    (562) 404-7070
    We can help!
    Listing Contact
    Jeannie Lee
    Real Estate License ID: 01190188
    Learn More
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    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
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