Retail Storefront
617 S Myrtle Monrovia, CA 91016
617 S Myrtle, Monrovia, CA, 91016
$1,850,000
For Sale
$1,850,000
Vacant 2,800 sq ft retail building with open showroom, offices, restroom, and rear storage plus convenient rear parking.
Property Size2,800 SF
Price / SF$660.71
Days on Market91
Property Features for 617 S Myrtle
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1901
Listing agency
Listed by
Tim Cragoe
Source
Elliman
Added: Apr 24 Updated: Jul 23 at 6:18AM Checked: Jul 23 at 6:18AM
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 Tim Cragoe
Investment Insights
Based on property information with market context.
This vacant retail storefront building is ready for a new tenant or owner, offering a large open showroom, built-out offices, a restroom, and a rear storage area. The building is being sold vacant, allowing for straightforward reconfiguration based on the next use.
Located on S Myrtle in Monrovia, the property benefits from high walkability (Walk Score 92) and a bikeable setting (Bike Score 63), with some transit access indicated by a Transit Score of 32.
With its retail-forward showroom area, supporting office space, and on-site rear storage alongside convenient rear parking, the layout is designed to support practical day-to-day operations for a range of retail concepts.
Located on S Myrtle in Monrovia, the property benefits from high walkability (Walk Score 92) and a bikeable setting (Bike Score 63), with some transit access indicated by a Transit Score of 32.
With its retail-forward showroom area, supporting office space, and on-site rear storage alongside convenient rear parking, the layout is designed to support practical day-to-day operations for a range of retail concepts.
Key Highlights
- Vacant 2,800 sq ft retail building with a large open showroom plus built‑out offices
- Includes restroom and a rear storage area
- Convenient rear parking
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.8k | $33.84 |
| − Vacancy | −$6.3k | −$2.23 |
| EGI | $88.5k | $31.61 |
| − OpEx | −$26.5k | −$9.48 |
| NOI | $61.9k | $22.12 |
2,800 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$885.0K
$774.4K – $1.03M
NOI $61,949 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,938 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trilco Claims & Antiques
Home Decor Store
Similar For Sale Nearby
Similar Off Market Nearby
- C.I.G. Flowers, Inc — 608 E Fig Ave, Monrovia, CA 91016
- Flower Delivery Duarte — 140 e chestnut ave, monrovia, ca 91016
- Monrovia Rose Garden Florist Smith's Shop — 127 E Olive Ave #3, Monrovia, CA 91016
- Hortense-First Avenue Florists & Flower Delivery — 119 E Olive Ave, Monrovia, CA 91016
- Aquafuzion Events and Floral Design — 517 S Myrtle Ave #100, Monrovia, CA 91016
FAQs
What type of property is this?
Storefront property - Vacant 2,800 sq ft retail building with open showroom, offices, restroom, and rear storage plus convenient rear parking.
Where is this storefront property located?
The property is located at 617 S Myrtle Monrovia, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Vacant 2,800 sq ft retail building with a large open showroom plus built‑out offices; Includes restroom and a rear storage area; Convenient rear parking
