Corner Retail
For Sale
$1,250,000
505 S Atlantic Boulevard, Alhambra, CA 91801
Signal-controlled corner center with three retail units plus garage/storage space suited for owner-users or investors.
Property Size2,823 SF
Price / SF$446.43
Days on Market84
Property Features for 505 S Atlantic Boulevard
General Information
Standard status
Active
Size
2,823 SF
Property subtype
Retail
Additional Details
Traffic Count
48,000 vehicles/day
Building Details
Building Size
2,823 SF
Year Built
1975
Tenancy
Multi
Listing Agency:
Coldwell Banker New Century
(626) 285-8899
Listed By:
Connie Hsu · License #01227052
Source:
Archetyperealty
Added: Jun 2
Changed: Aug 23
Last Checked: Aug 23 at 7:14AM
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 New Century
Investment Insights
Based on property information with market context.
This property is a retail center offering three retail units along with a garage/storage space of approximately 2,800 square feet. It presents as a small, straightforward commercial setup designed to accommodate multiple tenants and additional storage/garage use within the same offering.
The center is located at a signal-controlled corner of two major thoroughfares, Atlantic Blvd and Mission Road, in the City of Alhambra. Public remarks cite daily traffic of more than 48,000 cars per day, which can be an important consideration for retail visibility and customer access. The seller has also completed environmental phase 1 and phase 2 reports.
For buyers, this configuration can fit both investment and owner-user strategies, given the mix of retail units and separate garage/storage space. The seller has indicated a right to proceed with a 1031 tax-deferred exchange with no cost to the buyer. Interested parties should review the unit mix and the garage/storage income projection during due diligence, along with the environmental reports, to confirm fit for their intended use.
The center is located at a signal-controlled corner of two major thoroughfares, Atlantic Blvd and Mission Road, in the City of Alhambra. Public remarks cite daily traffic of more than 48,000 cars per day, which can be an important consideration for retail visibility and customer access. The seller has also completed environmental phase 1 and phase 2 reports.
For buyers, this configuration can fit both investment and owner-user strategies, given the mix of retail units and separate garage/storage space. The seller has indicated a right to proceed with a 1031 tax-deferred exchange with no cost to the buyer. Interested parties should review the unit mix and the garage/storage income projection during due diligence, along with the environmental reports, to confirm fit for their intended use.
Key Highlights
- Signal‑controlled corner retail center on Atlantic Blvd and Mission Road in Alhambra
- Daily traffic of 48,000+ cars per day on the two major thoroughfares
- 3 retail units plus a garage/storage space suited for additional income potential
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
$61,949
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
4.96%
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%
$1,238,980
$1.2M
Cap Rate 7%
$884,986
$885.0K
Cap Rate 9%
$688,322
$688.3K
Market Conditions
NOI Build-Up for 2,800 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
$94.8K $33.84/SF
− Vacancy
−$6.3K −$2.23/SF
EGI
$88.5K $31.61/SF
− OpEx
−$26.5K −$9.48/SF
NOI
$61.9K $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%
$1,238,980
Cap Rate 7%
$884,986
Cap Rate 9%
$688,322
Alternative Uses
Best Use
Retail
$885.0K
$774.4K – $1.03M
NOI $61,949 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,938 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
48,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,123
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 39%
Dining 30%
Shops & Services 28%
Hotels & Casinos 3%
Regal Edwards Alhambra Renaissance
Leisure
38,655 visits/mo
0.4 miles
7 Leaves Cafe
Dining
24,192 visits/mo
0.4 miles
United Oil
Shops & Services
14,205 visits/mo
0.4 miles
Shell
Shops & Services
12,917 visits/mo
0.1 miles
Yolk
Dining
4,917 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Signal-controlled corner center with three retail units plus garage/storage space suited for owner-users or investors.
Where is this strip mall located?
The property is located at 505 S Atlantic Boulevard Alhambra, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Signal‑controlled corner retail center on Atlantic Blvd and Mission Road in Alhambra; Daily traffic of 48,000+ cars per day on the two major thoroughfares; 3 retail units plus a garage/storage space suited for additional income potential
