Freestanding Retail
For Sale
Contact for pricing
325 Atlantic Avenue, Long Beach, CA 90802
Leased, single-story property with on-site parking and a renovated exterior.
Property Size3,149 SF
Lot Size0.17 Acres
Price / SF$381.07
Days on Market15
Property Features for 325 Atlantic Avenue
General Information
Standard status
Active
Size
3,149 SF
Total Parking Spaces
11
Lot size
0.17 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1956
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - South Bay
(310) 550-2500
Listed By:
Jamie Brooks · License #CA. 01434718
Source:
Crexi
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 24 at 11:19PM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This freestanding storefront property contains approximately 3,149 square feet of leasable space within a single-story building on a ±0.17-acre parcel. The asset includes dedicated on-site parking, street exposure along Atlantic Avenue, and an exterior renovation. Built in 1956, the property is currently leased and offers a commercial layout suited to its existing occupancy.
The property is located in Downtown Long Beach, within walking distance of the Long Beach Convention Center, The Pike Outlets, hotels, restaurants, entertainment venues, and downtown employment centers. Its setting includes both daytime and evening activity, with access to a broad mix of surrounding commercial and visitor-oriented uses.
The property is located in Downtown Long Beach, within walking distance of the Long Beach Convention Center, The Pike Outlets, hotels, restaurants, entertainment venues, and downtown employment centers. Its setting includes both daytime and evening activity, with access to a broad mix of surrounding commercial and visitor-oriented uses.
Key Highlights
- Approximately 3,149 square feet of leasable space
- ±0.17‑acre parcel with dedicated on‑site parking
- Freestanding, single‑story commercial building
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
$51,938
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
4.33%
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%
$1,038,760
$1.0M
Cap Rate 7%
$741,971
$742.0K
Cap Rate 9%
$577,089
$577.1K
Market Conditions
NOI Build-Up for 3,149 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
$79.4K $25.20/SF
− Vacancy
−$5.2K −$1.64/SF
EGI
$74.2K $23.56/SF
− OpEx
−$22.3K −$7.07/SF
NOI
$51.9K $16.49/SF
Area
Long Beach, CA
Vacancy
6.50%
Lease Rate
$25.20 /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%
$1,038,760
Cap Rate 7%
$741,971
Cap Rate 9%
$577,089
Alternative Uses
Best Use
Retail
$742.0K
$649.2K – $865.6K
NOI $51,938 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,017 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,511
Businesses Nearby
294k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 21%
Hotels & Casinos 14%
Shops & Services 9%
El Super
Groceries
38,294 visits/mo
0.1 miles
VONS
Groceries
24,737 visits/mo
0.2 miles
Marriott Long Beach Downtown
Hotels & Casinos
22,235 visits/mo
0.4 miles
McDonald's
Dining
20,241 visits/mo
0.4 miles
Starbucks
Dining
19,105 visits/mo
0.2 miles
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Leased, single-story property with on-site parking and a renovated exterior.
Where is this storefront property located?
The property is located at 325 Atlantic Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 3,149 square feet of leasable space; ±0.17‑acre parcel with dedicated on‑site parking; Freestanding, single‑story commercial building
