Industrial Warehouse with Covered
For Sale
Contact for pricing
2911 Norton Ave, Lynwood, CA 90262
Industrial warehouse on a fenced, paved covered yard with heavy power and multiple ground-level loading doors.
Property Size35,000 SF
Price / SF$162.97
Days on Market63
Property Features for 2911 Norton Ave
General Information
Standard status
Active
Size
35,000 SF
Total Parking Spaces
45
Property subtype
Industrial
Zoning
LYM
Investment Type
Owner/User
Building Details
Year Built
1941
Tenancy
Single
Listing Agency:
Lee & Associates - Los Angeles - Downtown
Listed By:
Jack Cline · License #CA 00854279
(213) 590-3512
Source:
Crexi
Added: Jul 7
Changed: Aug 16
Last Checked: Sep 7 at 6:07AM
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 Lee & Associates - Los Angeles - Downtown
Investment Insights
Based on property information with market context.
2911 Norton Avenue is a 35,000 SF industrial warehouse located on a 72,200 SF site. The property includes heavy power, multiple ground-level loading doors, and a fenced and paved covered yard designed with multiple access points. A portion of the site is configured for outdoor storage use.
The property is positioned in Lynwood’s industrial corridor with convenient access to the 105, 710, and 110 Freeways.
Suitable for manufacturing, fabrication, or outdoor storage users, the offering also includes flexible industrial zoning to support a range of operational needs.
The property is positioned in Lynwood’s industrial corridor with convenient access to the 105, 710, and 110 Freeways.
Suitable for manufacturing, fabrication, or outdoor storage users, the offering also includes flexible industrial zoning to support a range of operational needs.
Key Highlights
- 35,000 SF industrial space on a 72,200 SF land parcel in Lynwood’s industrial corridor
- Built in 1941
- Heavy power available
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
$455,418
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
7.98%
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%
$9,108,360
$9.1M
Cap Rate 7%
$6,505,971
$6.5M
Cap Rate 9%
$5,060,200
$5.1M
Market Conditions
NOI Build-Up for 35,000 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
$562.8K $16.08/SF
− Vacancy
−$27.0K −$0.77/SF
EGI
$535.8K $15.31/SF
− OpEx
−$80.4K −$2.30/SF
NOI
$455.4K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$9,108,360
Cap Rate 7%
$6,505,971
Cap Rate 9%
$5,060,200
Alternative Uses
Best Use
Warehouse
$6.51M
$5.69M – $7.59M
NOI $455,418 @ 7.0% cap · market cap 7.98%
Second Best
Industrial
$5.84M
$5.11M – $6.82M
NOI $409,013 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$18.74M
$16.40M – $21.86M
NOI $1,311,720 @ 7.0% cap · market cap 23.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial warehouse on a fenced, paved covered yard with heavy power and multiple ground-level loading doors.
Where is this manufacturing property located?
The property is located at 2911 Norton Ave Lynwood, CA.
What is the asking price?
The asking price for this property is $5,703,800.
What are key features of this property?
This property features: 35,000 SF industrial space on a 72,200 SF land parcel in Lynwood’s industrial corridor; Built in 1941; Heavy power available
