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    Freestanding Flex Building with Loading Title is generated by Realmo AI

    3201 N Figueroa Street, Los Angeles, CA 90065

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    New
    For Lease
    $2.00 SF/Yr $657/Mo (calc)

    Freestanding flex space with an open layout, rear roll-up door, and gated parking to support multiple light-use operations.

    Type:Retail
    Property size:
    3,944 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:53 am

    Property Features for 3201 N Figueroa Street

    General Information

    Standard status
    Active
    Size
    3,944 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1957

    Spaces For Lease

    at 3201 N Figueroa Street Contact us

    We can help!

    Listing Contact
    Steven Berman
    Steven Berman

    Listing agent Steven Berman License #CalDRE #00967188

    Listing office NAI Capital HQ

    Listing date Jun 2, 2026

    Source Www2.naicapital

    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 NAI Capital HQ

    HighLights

    • 3,944 SF freestanding building with an open layout for adaptable retail, warehouse, showroom, storage, or production use
    • Rear roll‑up door for loading efficiency
    • Gated on‑site parking for secure access
    • Hard corner location at Figueroa & River
    • Gold Line station approximately 0.4 miles away for transit access
    • Cypress Park location with nearby commercial activity

    Overview

    This freestanding 3,944 SF building is designed for flexibility, with an open layout that can support a range of retail, warehouse, showroom, storage, or production uses. Operational flow is supported by a rear roll-up door for loading efficiency, and the property includes gated on-site parking to help keep day-to-day access controlled.

    The building benefits from strong visibility and is positioned on a hard corner at the intersection of Figueroa & River. In addition, nearby transit access includes the Gold Line station approximately 0.4 miles away, which can be helpful for employees and customer convenience. The Cypress Park area also provides an active commercial backdrop.

    For tenants seeking a versatile space that can be adapted as needs change, this property offers a practical combination of flexible interior configuration and straightforward loading access. The gated parking and rear door make it particularly well suited for users that want a light industrial workflow alongside retail or showroom-style needs, without relying on shared arrangements.
    Location Intelligence

    Current Use by Public Records

    Primex Carpet & Blinds Carpet & Flooring Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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

    • TOPO by Kitchen Mouse — 5906 n figueroa st, los angeles, ca 90042
    • Kitchen Mouse The Bakery — 111 S Ave 59, Los Angeles, CA 90042
    • Angelenos' Wood Fired Pizza Catering — 6312 York Blvd, Los Angeles, CA 90042
    • Mariscos Linda Lunch Truck — 5616 York Blvd, Los Angeles, CA 90042
    • Kitchen Mouse Catering — 111 S Ave 59, Los Angeles, CA 90042

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.22033
    Latitude
    34.08566

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    FAQs

    What type of property is this?
    Flex space - Freestanding flex space with an open layout, rear roll-up door, and gated parking to support multiple light-use operations.
    Where is this flex space located?
    The property is located at 3201 N Figueroa Street Los Angeles, CA.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: 3,944 SF freestanding building with an open layout for adaptable retail, warehouse, showroom, storage, or production use; Rear roll‑up door for loading efficiency; Gated on‑site parking for secure access
    (818) 416-1646
    We can help!
    Listing Contact
    Steven Berman
    Steven Berman
    Real Estate License ID: CalDRE #00967188
    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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    3201 N. Figueroa Street, Cypress Park, CA 90065
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