Freestanding Convenience
For Sale
$1,598,888
419 S 1st Ave, Arcadia, CA 91006
Existing occupancy and potential retail or service applications support continued commercial use, subject to city review.
Property Size1,982 SF
Price / SF$806.70
Days on Market30
Property Features for 419 S 1st Ave
General Information
Standard status
Active
Size
1,982 SF
Building Details
Year Built
1976
Buildings
1
Listing Agency:
CA Flat Fee Listings, Inc
(626) 623-7957
Listed By:
Jonathan Rodriguez · License #02060068
Source:
Myfabuloushome
Added: Aug 1
Changed: Aug 30
Last Checked: Aug 30 at 4:02AM
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 CA Flat Fee Listings, Inc
Investment Insights
Based on property information with market context.
This freestanding commercial building was constructed in 1976 and currently has a tenant in place. The property is classified as a grocery and convenience store asset, with potential for a range of retail and service applications subject to City of Arcadia review of zoning, permitted uses, and parking requirements.
The property is located at 419 S 1st Ave in Arcadia, less than one mile from Santa Anita Avenue and USC Keck Medical Center. Additional surrounding destinations include The Shops at Santa Anita Regional Shopping Center, Santa Anita Racetrack, and Restaurant Row on Huntington Drive.
The property is located at 419 S 1st Ave in Arcadia, less than one mile from Santa Anita Avenue and USC Keck Medical Center. Additional surrounding destinations include The Shops at Santa Anita Regional Shopping Center, Santa Anita Racetrack, and Restaurant Row on Huntington Drive.
Key Highlights
- Freestanding building with tenant in place
- Grocery and convenience store classification
- Retail and service use potential subject to City of Arcadia review
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
$46,983
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
2.94%
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%
$939,660
$939.7K
Cap Rate 7%
$671,186
$671.2K
Cap Rate 9%
$522,033
$522.0K
Market Conditions
NOI Build-Up for 1,982 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
$67.1K $33.84/SF
− Vacancy
−$4.4K −$2.23/SF
EGI
$62.6K $31.61/SF
− OpEx
−$15.7K −$7.90/SF
NOI
$47.0K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$939,660
Cap Rate 7%
$671,186
Cap Rate 9%
$522,033
Alternative Uses
Best Use
Specialty Retail
$671.2K
$587.3K – $783.1K
NOI $46,983 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$626.4K
$548.1K – $730.9K
NOI $43,851 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,281 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 34%
Beauty & Spa 2%
BJ's Restaurant and Brewhouse
Dining
27,830 visits/mo
0.4 miles
Olive Garden
Dining
21,249 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,175 visits/mo
0.4 miles
Carl's Jr.
Dining
6,834 visits/mo
0.3 miles
Wells Fargo
Shops & Services
3,478 visits/mo
0.5 miles
Demographics for 91006, CA
31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
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.
Similar Off Market Nearby
- Hong Kong Supermarket — w 91016, 933 W Duarte Rd, Monrovia, CA 91016
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing occupancy and potential retail or service applications support continued commercial use, subject to city review.
Where is this grocery and convenience store located?
The property is located at 419 S 1st Ave Arcadia, CA.
What is the asking price?
The asking price for this property is $1,598,888.
What are key features of this property?
This property features: Freestanding building with tenant in place; Grocery and convenience store classification; Retail and service use potential subject to City of Arcadia review
