Medical Office Building For
For Sale
Contact for pricing
830 Atlantic Ave, Long Beach, CA
Medical office building available for sale in Long Beach.
Property Size6,282 SF
Lot Size0.17 Acres
Price / SF$230
Days on Market573
Property Features for 830 Atlantic Ave
General Information
Standard status
Active
Size
6,282 SF
Lot size
0.17 Acres
Property subtype
OFFICE
Listing Agency:
Lee & Associates Los Angeles – Long Beach Inc.
(562) 243-4734
Listed By:
Gavin Gill · License #01936303
(562) 243-4734
Source:
Moodyscre
Added: Jan 14, 2025
Changed: Aug 8
Last Checked: May 20 at 8:36PM
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 Lee & Associates Los Angeles – Long Beach Inc.
Investment Insights
Based on property information with market context.
This is a medical office building available for sale. The property has a size of 6282 square feet. It can be sold individually or with an adjacent lot.
Key Highlights
- Medical office building suitable for owner‑user
- Opportunity to purchase adjacent lot
- Can be purchased individually
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
$95,708
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
6.62%
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%
$1,914,160
$1.9M
Cap Rate 7%
$1,367,257
$1.4M
Cap Rate 9%
$1,063,422
$1.1M
Market Conditions
NOI Build-Up for 6,282 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
$173.4K $27.60/SF
− Vacancy
−$13.9K −$2.21/SF
EGI
$159.5K $25.39/SF
− OpEx
−$63.8K −$10.16/SF
NOI
$95.7K $15.24/SF
Area
Long Beach, CA
Vacancy
8.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,914,160
Cap Rate 7%
$1,367,257
Cap Rate 9%
$1,063,422
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,059 @ 7.0% cap · market cap 11.08%
Second Best
Healthcare Medical
$1.37M
$1.20M – $1.60M
NOI $95,708 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,435 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building available for sale in Long Beach.
Where is this medical office space located?
The property is located at 830 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,444,860.
What are key features of this property?
This property features: Medical office building suitable for owner‑user; Opportunity to purchase adjacent lot; Can be purchased individually
