Updated Medical Office
For Sale
$4,150,000
7 Foothill Boulevard, Arcadia, CA 91006
Remodeled building with 14 separate rooms, ADA restrooms, and elevator access, plus covered private garage parking.
Property Size6,584 SF
Price / SF$630.32
Days on Market99
Property Features for 7 Foothill Boulevard
General Information
Standard status
Active
Size
6,584 SF
Total Parking Spaces
26
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
ADA bathrooms
reception lobby
conference rooms
elevator access
covered private parking garage
Central Air
3
Building Details
Year Built
2009
Listing Agency:
Re/Max Omega
(626) 447-1688
Listed By:
Peggy Fong Chen · License #01461698
Source:
Xome
Added: May 22
Changed: Aug 26
Last Checked: Aug 26 at 6:53AM
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 Omega
Investment Insights
Based on property information with market context.
This updated medical and office building includes a remodeled clinic configuration with 14 separate rooms, including exam rooms, along with ADA bathrooms. The property also features a reception lobby and conference rooms. In addition, two units provide office space with an open conference area.
Access includes elevator service and two stairways leading to balcony entrances. Covered private parking garage space is available with 26 parking spaces on the ground level. The building offers exposure along North Foothill Blvd and Santa Anita Ave, with convenient access to the CA-210 freeway.
The offering is comprised of a medical/office building designed for multiple room-based suites, supported by common reception and conference spaces and on-site covered parking.
Access includes elevator service and two stairways leading to balcony entrances. Covered private parking garage space is available with 26 parking spaces on the ground level. The building offers exposure along North Foothill Blvd and Santa Anita Ave, with convenient access to the CA-210 freeway.
The offering is comprised of a medical/office building designed for multiple room-based suites, supported by common reception and conference spaces and on-site covered parking.
Key Highlights
- Remodeled medical/office building built in 2009
- Includes 14 separate rooms with exam rooms and a reception lobby
- ADA bathrooms plus conference room space
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
$143,921
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
3.47%
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%
$2,878,420
$2.9M
Cap Rate 7%
$2,056,014
$2.1M
Cap Rate 9%
$1,599,122
$1.6M
Market Conditions
NOI Build-Up for 6,584 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
$252.8K $38.40/SF
− Vacancy
−$60.9K −$9.25/SF
EGI
$191.9K $29.15/SF
− OpEx
−$48.0K −$7.29/SF
NOI
$143.9K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /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%
$2,878,420
Cap Rate 7%
$2,056,014
Cap Rate 9%
$1,599,122
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $143,921 @ 7.0% cap · market cap 3.47%
Second Best
Healthcare Medical
$1.78M
$1.56M – $2.08M
NOI $124,859 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$3.53M
$3.08M – $4.11M
NOI $246,753 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91006, CA
31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled building with 14 separate rooms, ADA restrooms, and elevator access, plus covered private garage parking.
Where is this medical office space located?
The property is located at 7 Foothill Boulevard Arcadia, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: Remodeled medical/office building built in 2009; Includes 14 separate rooms with exam rooms and a reception lobby; ADA bathrooms plus conference room space
