Three-Unit Strip
For Sale
$2,800,000
601 N Avalon Blvd, Wilmington, CA 90744
Retail-oriented property with [Q]C2-2D-CUGU zoning near shopping, dining, entertainment, and community attractions.
Property Size7,852 SF
Price / SF$356.60
Days on Market193
Property Features for 601 N Avalon Blvd
General Information
Standard status
Active
Size
7,852 SF
Class
A
Property subtype
Strip Center
Zoning
C2-2D-CUGU
Occupancy
36%
Building Details
Building Size
7,852 SF
Year Built
2007
Buildings
1
Tenancy
Multi
Properties For Sale
at 601 N Avalon Blvd Contact us- Size
- 1,370 SF
- Lease Type
- NNN
Suite A&B
- Size
- 3,350 SF
- Lease Type
- NNN
Suite D
Listing Agency:
eXp Commercial | California
(310) 406-6767
Listed By:
Charles Swanberg · License #00973712
(310) 406-6767
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 8:23PM
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 eXp Commercial | California
Investment Insights
Based on property information with market context.
This 7,852-square-foot strip mall in Wilmington contains three units and was built in 2007. The property is zoned [Q]C2-2D-CUGU and currently reports 36% occupancy. Its retail configuration includes space suited to storefront-oriented commercial activity, with a maintained exterior and room for merchandise display described in the property information.
Located at 601 N Avalon Blvd, the property sits within an area offering retail, dining, and entertainment options. Wilmington Waterfront Park, Drum Barracks Civil War Museum, and Banning's Landing Community Center are identified nearby, along with major retailers and local businesses. The site is also described as having easy accessibility, high visibility, ample parking, and curb appeal.
Located at 601 N Avalon Blvd, the property sits within an area offering retail, dining, and entertainment options. Wilmington Waterfront Park, Drum Barracks Civil War Museum, and Banning's Landing Community Center are identified nearby, along with major retailers and local businesses. The site is also described as having easy accessibility, high visibility, ample parking, and curb appeal.
Key Highlights
- 7,852 SF building with three units
- Built in 2007
- [Q]C2‑2D‑CUGU zoning
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
$182,223
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
6.51%
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%
$3,644,460
$3.6M
Cap Rate 7%
$2,603,186
$2.6M
Cap Rate 9%
$2,024,700
$2.0M
Market Conditions
NOI Build-Up for 7,852 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
$290.2K $36.96/SF
− Vacancy
−$29.9K −$3.81/SF
EGI
$260.3K $33.15/SF
− OpEx
−$78.1K −$9.95/SF
NOI
$182.2K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$3,644,460
Cap Rate 7%
$2,603,186
Cap Rate 9%
$2,024,700
Alternative Uses
Best Use
Retail
$2.60M
$2.28M – $3.04M
NOI $182,223 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$159.08M
$139.19M – $185.59M
NOI $11,135,376 @ 7.0% cap · market cap 397.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
36%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Groceries 40%
Dining 13%
Electronics 4%
Food 4 Less
Groceries
45,775 visits/mo
0.3 miles
El Super
Groceries
23,648 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,847 visits/mo
0.4 miles
Bank of America
Shops & Services
15,562 visits/mo
0.5 miles
Wells Fargo
Shops & Services
11,243 visits/mo
0.4 miles
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
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 - Retail-oriented property with [Q]C2-2D-CUGU zoning near shopping, dining, entertainment, and community attractions.
Where is this strip mall located?
The property is located at 601 N Avalon Blvd Wilmington, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 7,852 SF building with three units; Built in 2007; [Q]C2‑2D‑CUGU zoning
