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    Foothill Boulevard Commercial Building Title is generated by Realmo AI

    580 East Foothill Boulevard, Azusa, CA 91702

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    For Sale
    $1,200,000

    Stand-alone commercial building near Azusa Pacific University and downtown.

    Type:Commercial Sale / Mixed Use
    Property size:
    3,300 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $363/SF
    Added:
    Jul 17, 2025
    Days on Market:
    314
    Last Refresh:
    May 13 at 9:39 pm

    Property Features for 580 East Foothill Boulevard

    General Information

    Standard status
    Active
    Size
    3,300 SF
    Lot size
    0.19 Acres
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Lissette Quintanilla
    Lissette Quintanilla

    Listing agent Lissette Quintanilla License #01427816

    Listing office Century 21 Primetime REALTORS

    Listing date Jul 17, 2025

    Source Compass

    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 Century 21 Primetime REALTORS

    HighLights

    • High‑visibility location on historic Route 66 (Foothill Blvd).
    • Two separate units, each with private restroom and kitchenette. Individual utility meters.
    • SBA financing available with only 10% down payment.
    • Zoning TOD (Mixed‑Use) allows for a variety of uses.
    • Proximity to Azusa Pacific University, Felix Event Center, and Downtown Azusa's new mixed‑use project.
    • Easy access to Metro A Line light rail via Azusa Downtown station.

    Overview

    This single-story, stand-alone commercial building, constructed in 1979, is situated along Foothill Boulevard, a segment of historic Route 66. The building has a size of 3,300 square feet and is located on an 8,253 square foot lot. The property features two separate units, each equipped with a private restroom and individual utility meters. Both units include a kitchenette. The property is within walking distance of Azusa Pacific University West Campus and the Felix Event Center, and a few blocks from The Orchid, a mixed-use project with 163 residential units. The Metro A Line light rail via the nearby Azusa Downtown station is easily accessible. The property includes front parking (gated). Features include A/C and a kitchen. The zoning is TOD (Mixed-Use). The property is suitable for a cafe, restaurant, or retail use.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $869.2K
    NOI $78,226 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.12M
    NOI $78,226 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.56M
    NOI $78,226 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $111.7k $33.84
    − Vacancy −$7.4k −$2.23
    EGI $104.3k $31.61
    − OpEx −$26.1k −$7.90
    NOI $78.2k $23.70
    3,300 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $1.12M
    $977.8K – $1.30M (±1% cap)
    NOI $78,226 @ 7.0% cap · market cap 6.52%
    Second Best
    Retail
    $1.04M
    $912.6K – $1.22M (±1% cap)
    NOI $73,011 @ 7.0% cap · market cap 6.08%
    Theoretical Best
    Office A
    $1.77M
    $1.55M – $2.06M (±1% cap)
    NOI $123,677 @ 7.0% cap · market cap 10.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Big Box & Wholesale Store Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Azusa
    County
    Los Angeles
    State
    California
    Longitude
    -117.916
    Latitude
    34.1312

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    FAQs

    What type of property is this?
    Mixed-use property - Stand-alone commercial building near Azusa Pacific University and downtown.
    Where is this mixed-use property located?
    The property is located at 580 East Foothill Boulevard Azusa, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High‑visibility location on historic Route 66 (Foothill Blvd).; Two separate units, each with private restroom and kitchenette. Individual utility meters.; SBA financing available with only 10% down payment.
    (909) 815-8497
    We can help!
    Listing Contact
    Lissette Quintanilla
    Lissette Quintanilla
    Real Estate License ID: 01427816
    Learn More
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    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.

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