Corner Retail Redevelopment
For Sale
Contact for pricing
6432 Long Beach Boulevard, Long Beach, CA 90805
Freestanding multi-tenant retail structure on a signalized corner with freeway off/on ramp adjacency.
Property Size5,215 SF
Lot Size0.59 Acres
Price / SF$478.43
Days on Market62
Property Features for 6432 Long Beach Boulevard
General Information
Standard status
Active
Size
5,215 SF
Lot size
0.59 Acres
Property subtype
Retail, Land
Zoning
CCR
Investment Type
Redevelopment
Additional Details
Highway Access
Yes
Building Details
Year Built
1947
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - Orange County, California
(310) 367-7611
Listed By:
Gil Corber · License #CA 01378982
Source:
Crexi
Added: Jun 22
Changed: Aug 15
Last Checked: Aug 20 at 6:34AM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
The property at 6432 Long Beach Blvd includes a multi-tenant retail structure totaling approximately 5,215 square feet, set on roughly 0.59 acres of land. The site has been positioned as a redevelopment opportunity, supported by the larger land area and the existing retail improvements.
Situated on a highly visible corner, the property is immediately adjacent to Interstate 91 freeway on/off ramps in North Long Beach. The location is described as signalized, and the site’s street-corner position is intended to support strong access and visibility for retail users.
For buyers or operators seeking a retail redevelopment platform, the combination of an improved multi-tenant building and a flexible zoning profile may help accommodate a range of future concepts. The property’s freeway-adjacent, signalized corner setting can be an important consideration for retail-driven uses that benefit from high customer exposure and straightforward site access.
Situated on a highly visible corner, the property is immediately adjacent to Interstate 91 freeway on/off ramps in North Long Beach. The location is described as signalized, and the site’s street-corner position is intended to support strong access and visibility for retail users.
For buyers or operators seeking a retail redevelopment platform, the combination of an improved multi-tenant building and a flexible zoning profile may help accommodate a range of future concepts. The property’s freeway-adjacent, signalized corner setting can be an important consideration for retail-driven uses that benefit from high customer exposure and straightforward site access.
Key Highlights
- Multi‑tenant retail structure totaling approx. 5,215 SF on a corner lot totaling approx. 25,764 SF (0.59 acres)
- Highly visible signalized corner location immediately adjacent to I‑91 freeway on/off ramps
- Freestanding retail building has a multi‑tenant layout
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
$72,148
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
2.89%
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%
$1,442,960
$1.4M
Cap Rate 7%
$1,030,686
$1.0M
Cap Rate 9%
$801,644
$801.6K
Market Conditions
NOI Build-Up for 5,215 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
$112.6K $21.60/SF
− Vacancy
−$9.6K −$1.84/SF
EGI
$103.1K $19.76/SF
− OpEx
−$30.9K −$5.93/SF
NOI
$72.1K $13.83/SF
Area
ZIP 90805
Vacancy
8.50%
Lease Rate
$21.60 /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%
$1,442,960
Cap Rate 7%
$1,030,686
Cap Rate 9%
$801,644
Alternative Uses
Best Use
Retail
$1.03M
$901.9K – $1.20M
NOI $72,148 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,340 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
Jack in the Box
Dining
10,989 visits/mo
0.5 miles
Shell
Shops & Services
10,611 visits/mo
0.1 miles
AMPM
Shops & Services
9,715 visits/mo
0.5 miles
Extra Space Storage
Shops & Services
3,978 visits/mo
0.2 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?
Retail space - Freestanding multi-tenant retail structure on a signalized corner with freeway off/on ramp adjacency.
Where is this retail space located?
The property is located at 6432 Long Beach Boulevard Long Beach, CA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Multi‑tenant retail structure totaling approx. 5,215 SF on a corner lot totaling approx. 25,764 SF (0.59 acres); Highly visible signalized corner location immediately adjacent to I‑91 freeway on/off ramps; Freestanding retail building has a multi‑tenant layout
