Multi-Tenant Retail
For Sale
$1,975,000
9227 Whittier Boulevard Pico Rivera, Pico Rivera, CA 90660
Multi-tenant retail center with excellent frontage on Whittier Boulevard and 100% leased occupancy.
Property Size4,701 SF
Price / SF$420.12
Days on Market32
Property Features for 9227 Whittier Boulevard Pico Rivera
General Information
Standard status
Active
Size
4,701 SF
Occupancy
100%
Additional Details
Road Access
Yes
Amenities
1
Assessor
Corner Lot
Public
5661
0.13
4701
Building Details
Building Size
4,701 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
Together Realty
(909) 328-1567
Listed By:
Robert Smith · License #01513029
(909) 328-1567
Source:
Rmarealty
Added: Jul 8
Changed: Aug 8
Last Checked: Aug 8 at 9:43AM
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 Together Realty
Investment Insights
Based on property information with market context.
This multi-tenant retail center offers 4,701 square feet of retail space and is currently 100% leased. The property presents a storefront-style layout designed to support multiple retail tenants within a single center.
Located on Whittier Boulevard in a high traffic count area, the center provides direct frontage exposure along the corridor.
The offering is for sale. Buyer or buyer’s agent to verify all details, including size, zoning, clearance, and usage, as some information may require confirmation.
Located on Whittier Boulevard in a high traffic count area, the center provides direct frontage exposure along the corridor.
The offering is for sale. Buyer or buyer’s agent to verify all details, including size, zoning, clearance, and usage, as some information may require confirmation.
Key Highlights
- Multi‑tenant retail center with 4,701 sq ft of total building area
- 100% leased occupancy across the retail center
- Excellent frontage on Whittier Boulevard
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
$104,008
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
5.27%
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%
$2,080,160
$2.1M
Cap Rate 7%
$1,485,829
$1.5M
Cap Rate 9%
$1,155,644
$1.2M
Market Conditions
NOI Build-Up for 4,701 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
$159.1K $33.84/SF
− Vacancy
−$10.5K −$2.23/SF
EGI
$148.6K $31.61/SF
− OpEx
−$44.6K −$9.48/SF
NOI
$104.0K $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%
$2,080,160
Cap Rate 7%
$1,485,829
Cap Rate 9%
$1,155,644
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.73M
NOI $104,008 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,183 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90660, CA
62,013
Population
17,281
Households
3.6
Avg Household Size
38
Median Age
16%
College-Educated
72%
High-School Grad
7.8 sq mi
ZIP Area
7,950
Density / Sq Mi
$86,956
Median Household Income
$41,526
Median Earnings
$1,775
Median Rent
$621,400
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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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with excellent frontage on Whittier Boulevard and 100% leased occupancy.
Where is this shopping center located?
The property is located at 9227 Whittier Boulevard Pico Rivera Pico Rivera, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Multi‑tenant retail center with 4,701 sq ft of total building area; 100% leased occupancy across the retail center; Excellent frontage on Whittier Boulevard
