Freestanding Commercial Building with Auto
For Sale
Contact for pricing
402 Fleetwood Place, Glendora, CA 91740
3,600 sq ft commercial building on 9,724 sq ft lot.
Property Size3,600 SF
Lot Size0.22 Acres
Price / SF$402.78
Days on Market181
Property Features for 402 Fleetwood Place
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.22 Acres
Property subtype
Industrial
Zoning
GDM1
Building Details
Year Built
1957
Listing Agency:
Coldwell Banker Envision
Listed By:
Erika Banos-Soria · License #CA 01809655
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 2:38PM
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 Coldwell Banker Envision
Investment Insights
Based on property information with market context.
This 3,600 sq. ft. freestanding commercial building is situated on a 9,724 sq. ft. fully gated lot. Currently operating as a hobby auto body/repair shop, the property is located at the end of a quiet cul-de-sac. The building features three ground-level roll-up doors, a generous interior floor area with workspace for several vehicles, a dedicated office, two restrooms, storage areas, a car lift, and a spray booth. It is configured to deliver functional space, secure site layout, and utility for a range of commercial operations. The property is ideal for an owner-user, automotive business, or light industrial use, offering privacy, security, and easy access for customers and deliveries.
Key Highlights
- 3,600 sq. ft. freestanding commercial building on a 9,724 sq. ft. fully gated lot.
- Currently operating as a hobby auto body/repair shop with existing infrastructure like a car lift and spray booth.
- Located at the end of a quiet cul‑de‑sac, offering privacy and security.
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
$79,649
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
5.49%
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%
$1,592,980
$1.6M
Cap Rate 7%
$1,137,843
$1.1M
Cap Rate 9%
$884,989
$885.0K
Market Conditions
NOI Build-Up for 3,600 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
$121.8K $33.84/SF
− Vacancy
−$8.0K −$2.23/SF
EGI
$113.8K $31.61/SF
− OpEx
−$34.1K −$9.48/SF
NOI
$79.6K $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%
$1,592,980
Cap Rate 7%
$1,137,843
Cap Rate 9%
$884,989
Alternative Uses
Best Use
Retail
$1.14M
$995.6K – $1.33M
NOI $79,649 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$601.0K
$525.9K – $701.2K
NOI $42,070 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,920 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
136k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 24%
Home Improvements & Furnishings 1%
In-N-Out Burger
Dining
39,675 visits/mo
0.3 miles
McDonald's
Dining
28,270 visits/mo
0.4 miles
Taco Bell
Dining
12,706 visits/mo
0.4 miles
Yum Yum Donuts
Dining
9,990 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,202 visits/mo
0.4 miles
Demographics for 91740, CA
26,644
Population
8,314
Households
3.2
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
5.0 sq mi
ZIP Area
5,329
Density / Sq Mi
$98,819
Median Household Income
$49,202
Median Earnings
$2,226
Median Rent
$702,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - 3,600 sq ft commercial building on 9,724 sq ft lot.
Where is this auto shop located?
The property is located at 402 Fleetwood Place Glendora, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,600 sq. ft. freestanding commercial building on a 9,724 sq. ft. fully gated lot.; Currently operating as a hobby auto body/repair shop with existing infrastructure like a car lift and spray booth.; Located at the end of a quiet cul‑de‑sac, offering privacy and security.
