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    Third-Floor Corner Office Condo Title is generated by Realmo AI

    306-1111 Corporate Center Dr, Monterey Park, CA 91754

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    For Sale
    $625,000

    Bright corner office condo with private offices and flexible open workspace in an office complex with ample parking.

    Property size:
    1,716 SF
    Price / SF:
    $364/SF
    Added:
    Jan 13, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 6 at 3:04 am

    Property Features for 306-1111 Corporate Center Dr

    General Information

    Standard status
    Active
    Size
    1,716 SF

    We can help!

    Listing Contact
    GARY KARASAWA

    Listing agent GARY KARASAWA License #00572414

    Listing office Mark III Properties

    Listing date Jan 13, 2026

    Source Exprealty

    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 Mark III Properties

    HighLights

    • 1,716 SF third‑floor corner office condo in a well‑maintained office complex
    • Bright interior with large windows and multiple window exposures for abundant natural light
    • Functional layout with multiple private offices, open workspace, and interior glass partitions
    • Vinyl flooring throughout and an in‑suite utility sink
    • Ample on‑site parking and easy freeway access to I‑10, I‑60, and SR‑710

    Overview

    This well-maintained third-floor corner office condo totals 1,716 sf and is designed for a productive workday. The suite benefits from multiple window exposures and ample natural light, with a layout that includes multiple private offices plus an open workspace. Interior glass partitions help maintain visibility between rooms while preserving separate work areas. Vinyl flooring runs throughout, and the unit includes a convenient in-suite utility sink.

    The office condo is located within a well-maintained office complex in Monterey Park. The property offers ample on-site parking and easy access to major freeways, including the 10, 60, and 710, supporting convenient travel for employees and visitors.

    Suitable for owner-users and investors, the configuration provides a practical mix of enclosed offices and a collaborative area that can adapt to different team sizes and working styles. Its corner positioning and strong window line make it a compelling option for businesses looking for a bright, professional office setting within a managed office environment.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $65.9k $38.40
    − Vacancy −$15.9k −$9.25
    EGI $50.0k $29.15
    − OpEx −$12.5k −$7.29
    NOI $37.5k $21.86
    1,716 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $535.9K
    $468.9K – $625.2K (±1% cap)
    NOI $37,510 @ 7.0% cap · market cap 6.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $918.7K
    $803.9K – $1.07M (±1% cap)
    NOI $64,312 @ 7.0% cap · market cap 10.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.1609589
    Latitude
    34.0517443

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    FAQs

    What type of property is this?
    Office units - Bright corner office condo with private offices and flexible open workspace in an office complex with ample parking.
    Where is this office units located?
    The property is located at 306-1111 Corporate Center Dr Monterey Park, CA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 1,716 SF third‑floor corner office condo in a well‑maintained office complex; Bright interior with large windows and multiple window exposures for abundant natural light; Functional layout with multiple private offices, open workspace, and interior glass partitions
    (626) 287-3348
    We can help!
    Listing Contact
    GARY KARASAWA
    Real Estate License ID: 00572414
    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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