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    28500 S Western Rancho Palos Verdes, CA 90275

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    For Lease
    $3 SF/Yr $381/Mo (calc)

    Commercial Lease - Rancho Palos Verdes, CA

    Property size:
    1,342 SF
    Added:
    Feb 16, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 28500 S Western

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    7444001003
    Size
    1,342 SF

    Building Details

    Year built
    1976
    Architectural style
    Other

    We can help!

    Listing Contact
    James Kang

    Listing agent James Kang License #00595629

    Listing office James Kang, Broker 13337 South Street #415, Covina, CA

    Listing date Feb 16, 2026

    MLS# RS26035046 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rancho Palos Verdes Commercial Space

    This commercial space, located at 28500 S Western in Rancho Palos Verdes, CA, offers 1342 square feet and is currently built out as a dental office. The property is situated on Western Avenue, a primary thoroughfare for Rancho Palos Verdes and San Pedro. The location benefits from its proximity to Smart Final Market, Chase Bank, and Wells Fargo Bank, along with a mix of restaurants and services. The storefront is near Smart and Final off Western Ave. The shopping center is located within the affluent city of Rancho Palos Verdes and is surrounded by another large shopping center across the street with Albertson's and Raid pharmacy. The center benefits from a high-traffic main street location, a densely populated upscale trade area, and a good tenant mix. The premises can be used for any other purpose. The CAM charge is $1.10 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    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.

    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
    -118.3114734
    Latitude
    33.7613161

    Nearby Similar for Lease

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      Rancho Palos Verdes Retail/Office Space

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      Mediterranean Style Office Building

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      Rancho Palos Verdes Retail Space

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    FAQs

    What type of property is this?
    Medical Office Space - Turn-key location suitable for various businesses in Rancho Palos Verdes.
    Where is this medical office space located?
    The property is located at 28500 S Western Rancho Palos Verdes, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Turn‑key location previously built out as a dentist office, benefiting from 44 years of established goodwill.; Located on Western Avenue, a dominant rental corridor and thoroughfare in Rancho Palos Verdes and San Pedro.; Anchored by Smart Final Market, Chase Bank, and Wells Fargo Bank, ensuring high foot traffic.
    (626) 858-0047
    We can help!
    Listing Contact
    James Kang
    Real Estate License ID: 00595629
    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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