Freestanding Flexible Use
For Sale
$700,000
6095 Atlantic Ave, Long Beach, CA 90805
Freestanding property with a flexible layout positioned along a high-traffic retail corridor.
Property Size1,548 SF
Days on Market97
Property Features for 6095 Atlantic Ave
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Commercial
Building Details
Building Size
1,548 SF
Year Built
1936
Listed By:
Danielle Howell
Source:
Elliman
Added: Jun 3
Changed: Aug 16
Last Checked: Sep 7 at 9:44AM
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 Danielle Howell
Investment Insights
Based on property information with market context.
This freestanding, value-add commercial property offers a flexible layout that can support multiple community and commercial uses. The configuration is well-suited for concepts such as a restaurant or a church, along with other community or commercial functions. The building is positioned as an owner-user or investment opportunity, depending on how the space is adapted and operated.
The property is located on the Atlantic Ave corridor, identified in the remarks as a high-traffic area. WalkScore is listed at 75 (very walkable) and transitScore at 50 (good transit), with bikeScore at 55 (bikeable). These factors can be relevant for businesses that benefit from convenient access to nearby customers, congregants, or visitors.
From a tenant or operator perspective, the key advantage is the adaptable layout for restaurant or church use without being limited to a single programmed function. For buyers, the described “value-add” orientation aligns with opportunities for an owner to refine the property to match their intended concept, whether that means food service, religious/community programming, or another compatible commercial use. Prospective users should review the existing space requirements and suitability for their specific operating model.
The property is located on the Atlantic Ave corridor, identified in the remarks as a high-traffic area. WalkScore is listed at 75 (very walkable) and transitScore at 50 (good transit), with bikeScore at 55 (bikeable). These factors can be relevant for businesses that benefit from convenient access to nearby customers, congregants, or visitors.
From a tenant or operator perspective, the key advantage is the adaptable layout for restaurant or church use without being limited to a single programmed function. For buyers, the described “value-add” orientation aligns with opportunities for an owner to refine the property to match their intended concept, whether that means food service, religious/community programming, or another compatible commercial use. Prospective users should review the existing space requirements and suitability for their specific operating model.
Key Highlights
- Freestanding commercial property built in 1936
- Flexible layout suitable for restaurant, church, or other community/commercial uses
- Located on the high‑traffic Atlantic Ave retail corridor
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
$24,618
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
3.52%
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%
$492,360
$492.4K
Cap Rate 7%
$351,686
$351.7K
Cap Rate 9%
$273,533
$273.5K
Market Conditions
NOI Build-Up for 1,548 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
$35.3K $22.80/SF
− Vacancy
−$2.5K −$1.60/SF
EGI
$32.8K $21.20/SF
− OpEx
−$8.2K −$5.30/SF
NOI
$24.6K $15.90/SF
Area
ZIP 90805
Vacancy
7.00%
Lease Rate
$22.80 /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%
$492,360
Cap Rate 7%
$351,686
Cap Rate 9%
$273,533
Alternative Uses
Best Use
Specialty Retail
$351.7K
$307.7K – $410.3K
NOI $24,618 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$463.7K
$405.7K – $540.9K
NOI $32,456 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
AutoZone
Shops & Services
9,588 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,740 visits/mo
0.1 miles
Chevron
Shops & Services
6,161 visits/mo
0.4 miles
Super Mex
Dining
2,717 visits/mo
0.4 miles
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
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?
Church & religious facility - Freestanding property with a flexible layout positioned along a high-traffic retail corridor.
Where is this church & religious facility located?
The property is located at 6095 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Freestanding commercial property built in 1936; Flexible layout suitable for restaurant, church, or other community/commercial uses; Located on the high‑traffic Atlantic Ave retail corridor
