Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    57 Wheeler Avenue Arcadia, CA 91006

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Retail space in a newly built mixed-use development.

    Type:Retail
    Added:
    Mar 25, 2026
    Days on Market:
    10
    Last Refresh:
    Mar 18 at 9:26 am

    Property Features for 57 Wheeler Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Derrick Moore

    Listing agent Derrick Moore License #1029938

    Listing office CBRE - Downtown Los Angeles

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE - Downtown Los Angeles

    Overview

    New Mixed-Use Retail Space

    This newly built, mixed-use development at 57 Wheeler is offering retail space in downtown Arcadia. The location is near the Gold Line station and offers a captive audience of residents above the ground floor commercial spaces. This location presents a prime opportunity to build a unique culinary and retail experience. Arcadia presents a vibrant community with a diverse population and strong demand for dining options. Situated near the Shops at Santa Anita, a popular retail destination, this location would benefit from substantial foot traffic and visibility. The area combines a family-friendly atmosphere with events at the nearby Santa Anita Park, attracting locals and tourists alike. The location is in a transit-friendly neighborhood with strong pedestrian traffic. Abundant parking is available on-site, in city lots, and in the adjacent parking structure. The area features affluent demographics and nationally ranked public education.
    Location Intelligence

    Current Use by Public Records

    Minimalist Hotel & Motel ChargePoint Charging Station Electric Vehicle Charging Station Tea Maru - Housemade ... Restaurant Universal Bank Bank F45 Training Arcadia ... Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    Los Angeles
    State
    California
    Longitude
    -118.0289053
    Latitude
    34.1415011

    Nearby Similar for Lease

    • Contact for pricing

      Arcadia Office Space For Lease

      Ground floor office space in Arcadia's downtown district.
      43 E Huntington Drive B, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Move-in Ready Office Suite

      500 sq ft office suite available for immediate lease.
      4115 E Live Oak Avenue, Arcadia, CA 91006
      View Details
    • $30/mo

      Live Oak Professional Office Space

      Two-story commercial building with renovations underway and ample parking.
      159 E Live Oak Ave, Unit 203, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Arcadia Office Suite For Lease

      Professional office suite in Arcadia, ideal for various business uses.
      145 E Live Oak Avenue, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Arcadia Office Space For Lease

      Ground floor, two-room office space in Arcadia's downtown district.
      45 E Huntington Drive, Arcadia, CA 91006
      View Details
    • $1.00/mo

      Arcadia Commercial Space with Piano

      Versatile 1,500 sq. ft. commercial space with unique features.
      56 E Durarte Road, Arcadia, CA 91006
      View Details
    • Sponsored
      Contact for pricing

      Huntington Drive

      440 Huntington Dr, Unit 300, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Arcadia Commercial Property For Lease

      Commercial property in Arcadia with excellent signage and parking.
      310 E Foothill Boulevard, Arcadia, CA, 91006
      View Details
    • Contact for pricing

      Arcadia Freestanding Commercial Building

      37,256 SF building with warehouse and retail potential.
      400 East Live Oak Avenue, Arcadia, CA, 91006
      View Details
    • $1.55/mo

      Arcadia Office Space Available

      Move-in ready office space with ample parking and solar panels.
      20 E Foothill Blvd, Arcadia, CA 91006
      View Details
    • $1.25/mo

      Renovated Office Suite For Rent

      Newly renovated office suite featuring an open layout and private offices.
      11625-11629 Clark St, Arcadia, CA
      View Details
    • Contact for pricing

      Arcadia Office Building For Lease

      Highly visible office building near 210 Freeway and USC Arcadia Hospital.
      51 N Fifth Ave, Arcadia, CA 91006
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Retail space in a newly built mixed-use development.
    Where is this mixed-use property located?
    The property is located at 57 Wheeler Avenue Arcadia, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Prime location in downtown Arcadia near the Gold Line station.; Captive audience of residents within the mixed‑use development.; High foot traffic and visibility near the Shops at Santa Anita.
    (213) 613-3334
    We can help!
    Listing Contact
    Derrick Moore
    Real Estate License ID: 1029938
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!