Retail Storefront Building with Two
For Sale
$880,000
6729 Greenleaf, Whittier, CA 90601
Retail storefront building with an additional secondary unit currently used for staffing and storage.
Property Size2,176 SF
Price / SF$404.41
Days on Market58
Property Features for 6729 Greenleaf
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Retail
Amenities
3
Corner Lot.
Rectangular
Corner, Rectangular.
Building Details
Year Built
1975
Listing Agency:
RE/MAX Galaxy
(909) 860-8668
Listed By:
Cynthia Ruiz · License #01752105
Source:
Xome
Added: Jun 14
Changed: Aug 8
Last Checked: Aug 10 at 2:24AM
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 RE/MAX Galaxy
Investment Insights
Based on property information with market context.
This retail storefront building includes a primary unit plus a secondary unit that the current tenant uses as a staffing area and storage. The property is currently occupied, with the tenant in place for 49 years. The building has an established rental history, including prior leasing to another business.
The property is located in the heart of Whittier in Uptown on Greenleaf. The current tenant is on a month-to-month contract and is paying under market rent, which may be of interest to owner-occupants or buyers evaluating how to align occupancy and tenancy terms going forward.
For tenants and operators looking to secure retail space, the layout supports everyday storefront use with supplementary back-of-house utility through the secondary unit. For buyers, the combination of two units within a single retail building provides flexibility for future leasing or repositioning based on how the space is configured and occupied. The long-tenured occupancy and ongoing month-to-month arrangement can also simplify continuity during early ownership.
The property is located in the heart of Whittier in Uptown on Greenleaf. The current tenant is on a month-to-month contract and is paying under market rent, which may be of interest to owner-occupants or buyers evaluating how to align occupancy and tenancy terms going forward.
For tenants and operators looking to secure retail space, the layout supports everyday storefront use with supplementary back-of-house utility through the secondary unit. For buyers, the combination of two units within a single retail building provides flexibility for future leasing or repositioning based on how the space is configured and occupied. The long-tenured occupancy and ongoing month-to-month arrangement can also simplify continuity during early ownership.
Key Highlights
- Retail commercial building with a secondary unit currently used for staffing and storage
- Corner lot with a rectangular lot shape
- Year built: 1975
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
$48,143
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
5.47%
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%
$962,860
$962.9K
Cap Rate 7%
$687,757
$687.8K
Cap Rate 9%
$534,922
$534.9K
Market Conditions
NOI Build-Up for 2,176 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
$73.6K $33.84/SF
− Vacancy
−$4.9K −$2.23/SF
EGI
$68.8K $31.61/SF
− OpEx
−$20.6K −$9.48/SF
NOI
$48.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$962,860
Cap Rate 7%
$687,757
Cap Rate 9%
$534,922
Alternative Uses
Best Use
Retail
$687.8K
$601.8K – $802.4K
NOI $48,143 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,552 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
9,133 visits/mo
0.5 miles
Demographics for 90601, CA
32,625
Population
11,161
Households
2.9
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
3,078
Density / Sq Mi
$102,267
Median Household Income
$53,031
Median Earnings
$1,862
Median Rent
$729,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amore Dolce flowers — 7203 Greenleaf Ave Suite D, Whittier, CA 90602
- Casa Verde — whittier, ca 90602
- Amore Dolce Flower Shop — 7203 Greenleaf Ave Suite D, Whittier, CA 90602
- Anuheas Florist & Flower Delivery Whittier CA — 7707 Painter Ave, Whittier, CA 90602
- Florabelle — 12612 philadelphia st b, whittier, ca 90601
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront building with an additional secondary unit currently used for staffing and storage.
Where is this storefront property located?
The property is located at 6729 Greenleaf Whittier, CA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Retail commercial building with a secondary unit currently used for staffing and storage; Corner lot with a rectangular lot shape; Year built: 1975
