Modern Medical Office Space
For Sale
$1,275,000
3637 Martin Luther King Jr Boulevard, Lynwood, CA 90262
Modern medical office space for rent near Saint Frances Hospital.
Property Size4,390 SF
Price / SF$290.43
Days on Market101
Property Features for 3637 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
4,390 SF
Property subtype
Business
Building Details
Building Size
4,390 SF
Year Built
1958
Listing Agency:
Equity North Investments Inc.
Listed By:
Harry Alexander · License #00664511
(562) 285-0888
Source:
Archetyperealty
Added: May 27
Changed: Sep 3
Last Checked: Sep 2 at 2:24AM
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 Equity North Investments Inc.
Investment Insights
Based on property information with market context.
This modern medical building is located directly across from Saint Frances Hospital. The building contains two medical suites. Unit B, approximately 3,290 square feet, is available for rent. The rental rate is just under $2.30 per square foot. Unit B features two waiting rooms, seven examination rooms, and two offices. The unit is fully equipped and currently operating as a Urology office. The renovated space offers a functional layout, featuring examination rooms, a patient reception area, and administrative offices. This property provides a turnkey solution for a medical group looking to establish or expand their presence. The building has on-site parking and proximity to major freeways and nearby medical facilities. The building is also available for purchase and is ideal for medical professionals seeking to own their own office space.
Key Highlights
- Directly across from Saint Frances Hospital, a prime location for medical practices.
- Turnkey medical office space, fully equipped and currently operating as a Urology office.
- Modern, renovated space with functional layout including examination rooms, reception area, and offices.
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
$95,962
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
7.53%
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%
$1,919,240
$1.9M
Cap Rate 7%
$1,370,886
$1.4M
Cap Rate 9%
$1,066,244
$1.1M
Market Conditions
NOI Build-Up for 4,390 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
$168.6K $38.40/SF
− Vacancy
−$40.6K −$9.25/SF
EGI
$127.9K $29.15/SF
− OpEx
−$32.0K −$7.29/SF
NOI
$96.0K $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%
$1,919,240
Cap Rate 7%
$1,370,886
Cap Rate 9%
$1,066,244
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,962 @ 7.0% cap · market cap 7.53%
Second Best
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,252 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,527 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
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 - Modern medical office space for rent near Saint Frances Hospital.
Where is this medical office space located?
The property is located at 3637 Martin Luther King Jr Boulevard Lynwood, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Directly across from Saint Frances Hospital, a prime location for medical practices.; Turnkey medical office space, fully equipped and currently operating as a Urology office.; Modern, renovated space with functional layout including examination rooms, reception area, and offices.
