Grocery Market Building with
For Sale
$1,599,000
851 Gardena Boulevard, Gardena, CA 90247
The property includes an operating market and a restaurant tenant occupying space at the rear.
Property Size3,875 SF
Price / SF$412.65
Days on Market290
Property Features for 851 Gardena Boulevard
General Information
Standard status
Active
Size
3,875 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Amenities
3
LAC2
Building Details
Year Built
1922
Listing Agency:
(619) 663-8680
Listed By:
Real Broker
Source:
Xome
Added: Nov 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:42PM
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 Real Broker
Investment Insights
Based on property information with market context.
This grocery and convenience store property includes an operating market within a 3,875-size property and a restaurant tenant positioned at the rear. The improvements date to 1922 and are located at 851 Gardena Boulevard in Gardena, California. The offering combines an established market operation with an additional restaurant component in the same building.
Key Highlights
- Operating grocery and convenience market
- Rear restaurant tenant included
- 3,875 property size
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
$91,857
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
5.74%
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%
$1,837,140
$1.8M
Cap Rate 7%
$1,312,243
$1.3M
Cap Rate 9%
$1,020,633
$1.0M
Market Conditions
NOI Build-Up for 3,875 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
$131.1K $33.84/SF
− Vacancy
−$8.7K −$2.23/SF
EGI
$122.5K $31.61/SF
− OpEx
−$30.6K −$7.90/SF
NOI
$91.9K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,837,140
Cap Rate 7%
$1,312,243
Cap Rate 9%
$1,020,633
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,857 @ 7.0% cap · market cap 5.74%
Second Best
Retail
$1.22M
$1.07M – $1.43M
NOI $85,733 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$2.07M
$1.82M – $2.42M
NOI $145,226 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Electronics 7%
7-Eleven
Shops & Services
10,343 visits/mo
0.2 miles
Chevron
Shops & Services
9,200 visits/mo
0.4 miles
Sinclair
Shops & Services
2,625 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,764 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
1,285 visits/mo
0.2 miles
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
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.
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- 99 Ranch Market — 1340 Artesia Blvd, Gardena, CA 90248
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The property includes an operating market and a restaurant tenant occupying space at the rear.
Where is this grocery and convenience store located?
The property is located at 851 Gardena Boulevard Gardena, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Operating grocery and convenience market; Rear restaurant tenant included; 3,875 property size
