Office Unit with Courtyard
For Sale
$569,000
308 First Unit F, Arcadia, CA 91006
Main-level commercial condominium with reception, private office, storage, restroom, and central air.
Property Size1,160 SF
Price / SF$490.52
Days on Market87
Property Features for 308 First Unit F
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Office
Amenities
Central Air
3
Corner Lot.
Corner.
Building Details
Year Built
2007
Listing Agency:
Re/Max Premier Prop Arcadia
(626) 229-2200
Listed By:
Chuhui Huang · License #DRE #01869453
Source:
Xome
Added: Jun 5
Changed: Aug 29
Last Checked: Aug 29 at 10:06PM
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 Re/Max Premier Prop Arcadia
Investment Insights
Based on property information with market context.
This 1,160-square-foot office condominium occupies the main level of Il Villaggio Plaza and is accessed from the center courtyard. Built in 2007, the unit includes a lobby and reception area, private office, storage room, restroom, and central air. An additional approximately 120-square-foot storage area is included outside the stated unit size.
The property is positioned across from First Avenue Middle School and near Old Town Arcadia and major commercial corridors. Parking is available through both an underground garage and street spaces. The configuration supports educational services, tutoring, professional office, medical, beverage, coffee, retail, and service-oriented business uses.
The property is positioned across from First Avenue Middle School and near Old Town Arcadia and major commercial corridors. Parking is available through both an underground garage and street spaces. The configuration supports educational services, tutoring, professional office, medical, beverage, coffee, retail, and service-oriented business uses.
Key Highlights
- 1,160 SF office condominium in Il Villaggio Plaza
- Additional approximately 120 SF storage area outside the stated unit size
- Main‑level position with access from the center courtyard
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
$25,357
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
4.46%
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%
$507,140
$507.1K
Cap Rate 7%
$362,243
$362.2K
Cap Rate 9%
$281,744
$281.7K
Market Conditions
NOI Build-Up for 1,160 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
$44.5K $38.40/SF
− Vacancy
−$10.7K −$9.25/SF
EGI
$33.8K $29.15/SF
− OpEx
−$8.5K −$7.29/SF
NOI
$25.4K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$507,140
Cap Rate 7%
$362,243
Cap Rate 9%
$281,744
Alternative Uses
Best Use
Office B
$362.2K
$317.0K – $422.6K
NOI $25,357 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$621.1K
$543.4K – $724.6K
NOI $43,474 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,840
Businesses Nearby
Explore this area
Business Placement
Demographics for 91006, CA
31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Main-level commercial condominium with reception, private office, storage, restroom, and central air.
Where is this office units located?
The property is located at 308 First Unit F Arcadia, CA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,160 SF office condominium in Il Villaggio Plaza; Additional approximately 120 SF storage area outside the stated unit size; Main‑level position with access from the center courtyard
