Medical Office
For Sale
$625,000
330 South Garfield Avenue Suite 248, Alhambra, CA 91801
Office condominium in a multi-level center with elevator access and shared parking.
Property Size1,363 SF
Days on Market196
Property Features for 330 South Garfield Avenue Suite 248
General Information
Standard status
Active
Size
1,363 SF
Class
B
Elevators
Yes
Property subtype
Medical/Healthcare
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,363 SF
Year Built
1988
Properties For Sale
at 330 South Garfield Avenue Suite 248 Contact us- Size
- 1,363 SF
- Lease Type
- Modified Gross
Suite 248
Listing Agency:
SVN | Rich Investment Real Estate Partners
Listed By:
Christian Hayes · License #01115674
(818) 324-5386
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 10:41AM
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 SVN | Rich Investment Real Estate Partners
Investment Insights
Based on property information with market context.
Suite 248 is a medical office condominium within The Garfield Center at 330 South Garfield Avenue in Alhambra. The property was built in 1988 and offers access to two elevators, supporting convenient movement through the center’s three-level parking structure.
The facility includes 256 parking spaces and is located near three major hospitals, with nearby freeway and public transportation access. Its Alhambra setting also places the property near Alhambra Place Shopping Center and the historic Garfield Theatre, along with a range of dining options. The location supports medical and office users seeking an established commercial setting with substantial shared parking.
The facility includes 256 parking spaces and is located near three major hospitals, with nearby freeway and public transportation access. Its Alhambra setting also places the property near Alhambra Place Shopping Center and the historic Garfield Theatre, along with a range of dining options. The location supports medical and office users seeking an established commercial setting with substantial shared parking.
Key Highlights
- Medical office condominium at 330 South Garfield Avenue, Suite 248, Alhambra, CA 91801
- Located near three major hospitals
- Two elevators serve The Garfield Center
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
$29,794
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
4.77%
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%
$595,880
$595.9K
Cap Rate 7%
$425,629
$425.6K
Cap Rate 9%
$331,044
$331.0K
Market Conditions
NOI Build-Up for 1,363 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
$52.3K $38.40/SF
− Vacancy
−$12.6K −$9.25/SF
EGI
$39.7K $29.15/SF
− OpEx
−$9.9K −$7.29/SF
NOI
$29.8K $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%
$595,880
Cap Rate 7%
$425,629
Cap Rate 9%
$331,044
Alternative Uses
Best Use
Office B
$425.6K
$372.4K – $496.6K
NOI $29,794 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$369.3K
$323.1K – $430.8K
NOI $25,848 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$729.7K
$638.5K – $851.4K
NOI $51,082 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
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?
Medical Office Space - Office condominium in a multi-level center with elevator access and shared parking.
Where is this medical office space located?
The property is located at 330 South Garfield Avenue Suite 248 Alhambra, 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: Medical office condominium at 330 South Garfield Avenue, Suite 248, Alhambra, CA 91801; Located near three major hospitals; Two elevators serve The Garfield Center
