Retail Storefront
For Sale
$3,850,000
302 E Anaheim St, Long Beach, CA 90813
For sale retail storefront property at 302 E Anaheim St in Long Beach, CA 90813.
Property Size14,144 SF
Days on Market52
Property Features for 302 E Anaheim St
General Information
Standard status
Active
Size
14,144 SF
Property subtype
Retail
Building Details
Building Size
14,144 SF
Year Built
1919
Listing Agency:
(562) 354-2528
Listed By:
Sean Lieppman, CCIM · License #CalDRE #01905266
Source:
Lee-associates
Added: Jul 11
Changed: Aug 25
Last Checked: Aug 30 at 2:37PM
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 Sean Lieppman, CCIM
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale at 302 E Anaheim St in Long Beach, CA 90813. The asset is categorized for commercial use as a retail space within the broader storefront and shopping center property types.
The listing is priced at $3,850,000. No additional building details, unit configuration, or tenant information were provided with the listing materials, so due diligence will be necessary to confirm current condition and layout.
Prospective buyers and representatives should review available offering documents for specifics related to the property’s structure, merchandising configuration, and any applicable compliance considerations.
The listing is priced at $3,850,000. No additional building details, unit configuration, or tenant information were provided with the listing materials, so due diligence will be necessary to confirm current condition and layout.
Prospective buyers and representatives should review available offering documents for specifics related to the property’s structure, merchandising configuration, and any applicable compliance considerations.
Key Highlights
- Retail storefront property for sale at 302 E Anaheim St, Long Beach, CA 90813
- Year built: 1919
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
$201,115
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
5.22%
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%
$4,022,300
$4.0M
Cap Rate 7%
$2,873,071
$2.9M
Cap Rate 9%
$2,234,611
$2.2M
Market Conditions
NOI Build-Up for 14,144 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
$310.6K $21.96/SF
− Vacancy
−$23.3K −$1.65/SF
EGI
$287.3K $20.31/SF
− OpEx
−$86.2K −$6.09/SF
NOI
$201.1K $14.22/SF
Area
ZIP 90813
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$4,022,300
Cap Rate 7%
$2,873,071
Cap Rate 9%
$2,234,611
Alternative Uses
Best Use
Retail
$2.87M
$2.51M – $3.35M
NOI $201,115 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.64M
$4.06M – $5.42M
NOI $325,097 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,302
Businesses Nearby
281k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 33%
Groceries 31%
Electronics 2%
Superior Grocers
Groceries
38,748 visits/mo
0.2 miles
McDonald's
Dining
31,827 visits/mo
0.5 miles
Smart & Final
Groceries
29,683 visits/mo
0.3 miles
Tierra Mia Coffee
Dining
27,507 visits/mo
0.5 miles
ARCO
Shops & Services
19,565 visits/mo
0.5 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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?
Shopping center - For sale retail storefront property at 302 E Anaheim St in Long Beach, CA 90813.
Where is this shopping center located?
The property is located at 302 E Anaheim St Long Beach, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Retail storefront property for sale at 302 E Anaheim St, Long Beach, CA 90813; Year built: 1919
