Brick Flex Space with Heavy
New
For Sale
Contact for pricing
643 Gibbons St, Lincoln Heights, CA 90031
Red brick construction and heavy power define this distinctive commercial flex property.
Property Size4,020 SF
Price / SF$400
Days on Market4
Property Features for 643 Gibbons St
General Information
Standard status
Active
Size
4,020 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Construction
Red Brick
Listing Agency:
Voit Real Estate Services
(949) 423-4042
Listed By:
John Bethel · License #01242123
(949) 423-4042
Source:
Moodyscre
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 3:31PM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
Located at 643 Gibbons St, this 4,020-square-foot flex space features a red brick design and heavy power. The property is identified within the LA River District and sits near the Brewery Arts Complex.
Access is available to the 5, 10, 101, and 110 freeways, connecting the property with multiple regional routes. Its industrial-style construction and power capacity are central physical characteristics of the offering.
Access is available to the 5, 10, 101, and 110 freeways, connecting the property with multiple regional routes. Its industrial-style construction and power capacity are central physical characteristics of the offering.
Key Highlights
- 4,020‑square‑foot flex space at 643 Gibbons St
- Red brick design with heavy power
- Located in the LA River District
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
$60,640
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
3.77%
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%
$1,212,800
$1.2M
Cap Rate 7%
$866,286
$866.3K
Cap Rate 9%
$673,778
$673.8K
Market Conditions
NOI Build-Up for 4,020 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
$76.2K $18.96/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$71.3K $17.75/SF
− OpEx
−$10.7K −$2.66/SF
NOI
$60.6K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,212,800
Cap Rate 7%
$866,286
Cap Rate 9%
$673,778
Alternative Uses
Best Use
Warehouse
$866.3K
$758.0K – $1.01M
NOI $60,640 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$713.4K
$624.2K – $832.3K
NOI $49,939 @ 7.0% cap · market cap 3.11%
Theoretical Best
Multifamily LT 5
$81.44M
$71.26M – $95.02M
NOI $5,700,995 @ 7.0% cap · market cap 354.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,641
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Red brick construction and heavy power define this distinctive commercial flex property.
Where is this flex space located?
The property is located at 643 Gibbons St Lincoln Heights, CA.
What is the asking price?
The asking price for this property is $1,608,000.
What are key features of this property?
This property features: 4,020‑square‑foot flex space at 643 Gibbons St; Red brick design with heavy power; Located in the LA River District
