Medical Office Building with
For Sale
$4,080,000
7 Foothill Boulevard, Arcadia, CA 91006
Remodeled medical and office property with ADA bathrooms, reception areas, conference rooms, elevator access, and covered parking.
Property Size6,584 SF
Price / SF$619.68
Days on Market73
Property Features for 7 Foothill Boulevard
General Information
Standard status
Active
Size
6,584 SF
Total Parking Spaces
26
Elevators
Yes
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
ADA bathrooms
reception lobby
conference rooms
balcony entrances
Central Air
3
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Re/Max Omega
(626) 447-1688
Listed By:
Peggy Fong Chen · License #01461698
Source:
Xome
Added: May 26
Changed: Aug 5
Last Checked: Aug 6 at 4:25AM
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.
Built in 2009, this medical office property includes a remodeled clinic layout with 14 separate rooms, including exam rooms, along with ADA bathrooms, a reception lobby, and conference rooms. Two additional units provide 8 individual offices and an open conference area. Elevator service and two stairways connect to balcony entrances, while a covered private parking garage on the ground level provides 26 parking spaces.
The property is located at 7 Foothill Boulevard in Arcadia, near North Foothill Boulevard and Santa Anita Avenue. Access to the CA-210 freeway is available nearby, with Pasadena described as minutes away. Surrounding amenities identified in the property information include schools, shopping, banks, restaurants, gas stations, a post office, local businesses, and Santa Anita Park.
The property is located at 7 Foothill Boulevard in Arcadia, near North Foothill Boulevard and Santa Anita Avenue. Access to the CA-210 freeway is available nearby, with Pasadena described as minutes away. Surrounding amenities identified in the property information include schools, shopping, banks, restaurants, gas stations, a post office, local businesses, and Santa Anita Park.
Key Highlights
- Remodeled clinic layout with 14 separate rooms, including exam rooms
- Two additional units with 8 individual offices and an open conference area
- ADA bathrooms, reception lobby, and conference rooms
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
3.53%
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 3.53%
Second Best
Healthcare Medical
$1.78M
$1.56M – $2.08M
NOI $124,859 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$3.53M
$3.08M – $4.11M
NOI $246,753 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,018
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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Similar Off Market Nearby
- Klause Stephen DVM — 311 N Santa Anita Ave, Arcadia, CA 91006
- Arcadia Small Animal Hospital — 311 N Santa Anita Ave, Arcadia, CA 91006
- Foothill Equine - Drs. Peralez , Brown, & Jones — 1009 N Santa Anita Ave, Arcadia, CA 91006
- Wheat Jr J David DVM — 1009 N Santa Anita Ave, Arcadia, CA 91006
- Gerstein Adam DVM — 311 N Santa Anita Ave, Arcadia, CA 91006
Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled medical and office property with ADA bathrooms, reception areas, conference rooms, elevator access, and covered 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 $4,080,000.
What are key features of this property?
This property features: Remodeled clinic layout with 14 separate rooms, including exam rooms; Two additional units with 8 individual offices and an open conference area; ADA bathrooms, reception lobby, and conference rooms
