Freestanding Brick Retail
For Sale
$897,000
3579 Gage Ave, Bell, CA 90201
Brick construction, private parking, and rear alley access support a flexible commercial layout.
Property Size2,655 SF
Days on Market155
Property Features for 3579 Gage Ave
General Information
Standard status
Active
Size
2,655 SF
Property subtype
Commercial
Building Details
Building Size
2,655 SF
Listing Agency:
Better Homes and Gardens Real Estate
(323) 456-6110
Listed By:
Fernando Spindola · License #01745219
(323) 456-6110
Source:
Elliman
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 5:21PM
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 Better Homes and Gardens Real Estate
Investment Insights
Based on property information with market context.
This freestanding retail property includes approximately 2,655 square feet within a 5,708 square foot lot. The solid brick building offers a versatile commercial layout, private parking, and access from the rear alley. The space is identified as suitable for retail, medical, office, and service-oriented business uses.
Located along Gage Avenue, the property provides signage exposure and visibility on an active commercial corridor with surrounding businesses and residential areas. Its walk score is 89, bike score is 59, and transit score is 53, reflecting access to multiple transportation options.
The building’s configuration supports both an owner-user business location and an investment-oriented acquisition, subject to the buyer’s intended use and approvals.
Located along Gage Avenue, the property provides signage exposure and visibility on an active commercial corridor with surrounding businesses and residential areas. Its walk score is 89, bike score is 59, and transit score is 53, reflecting access to multiple transportation options.
The building’s configuration supports both an owner-user business location and an investment-oriented acquisition, subject to the buyer’s intended use and approvals.
Key Highlights
- Approximately 2,655 square feet on a 5,708 square foot lot
- Freestanding solid brick construction
- Private parking with rear alley access
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
$58,741
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
6.55%
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%
$1,174,820
$1.2M
Cap Rate 7%
$839,157
$839.2K
Cap Rate 9%
$652,678
$652.7K
Market Conditions
NOI Build-Up for 2,655 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
$89.8K $33.84/SF
− Vacancy
−$5.9K −$2.23/SF
EGI
$83.9K $31.61/SF
− OpEx
−$25.2K −$9.48/SF
NOI
$58.7K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,174,820
Cap Rate 7%
$839,157
Cap Rate 9%
$652,678
Alternative Uses
Best Use
Retail
$839.2K
$734.3K – $979.0K
NOI $58,741 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,503 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 90201, CA
95,810
Population
24,989
Households
3.8
Avg Household Size
32
Median Age
7%
College-Educated
55%
High-School Grad
6.0 sq mi
ZIP Area
15,968
Density / Sq Mi
$56,824
Median Household Income
$30,264
Median Earnings
$1,623
Median Rent
$542,800
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?
Retail space - Brick construction, private parking, and rear alley access support a flexible commercial layout.
Where is this retail space located?
The property is located at 3579 Gage Ave Bell, CA.
What is the asking price?
The asking price for this property is $897,000.
What are key features of this property?
This property features: Approximately 2,655 square feet on a 5,708 square foot lot; Freestanding solid brick construction; Private parking with rear alley access
