Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    802 N Azusa Ave Azusa, CA 91702

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail and restaurant spaces in Downtown Azusa.

    Property Features for 802 N Azusa Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Jared Himes
    Jared Himes
    Source: Crexi

    Listing Agency: CBRE - Ontario Listing Agent: Jared Himes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail and Restaurant Suites Available

    This property is located in Downtown Azusa, an area known for its dining, retail, and cultural identity. The property is part of a new development featuring 127 residential units. Multiple retail and restaurant suites are available, designed for street visibility.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Hotel & Motel Gym & Fitness Center Big Box & Wholesale Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Azusa
    County
    Los Angeles
    State
    California
    Longitude
    -117.916
    Latitude
    34.1312

    Nearby Similar for Lease

    • $13,500 /Mo
      6,305 SF

      Azusa Commercial Building For Lease

      Prime commercial building in Azusa, San Gabriel Valley. Move-in ready.
      1301 W Foothill Blvd, Azusa, CA 91702
      View Details
    • $13,500 /Mo

      Prime Commercial Building in Azusa

      Standalone commercial building in San Gabriel Valley, high visibility location.
      1301 W Foothill Blvd, Azusa, CA 91702
      View Details
    • $1.75 SF/Yr
      4,750 SF

      Industrial Building in San Gabriel

      Versatile industrial space in a prime San Gabriel Valley location.
      855 North Todd Ave, Azusa, CA 91702
      View Details
    • $13,500 /Mo

      Prime Commercial Building in Azusa

      High-visibility commercial building suitable for retail or light industrial uses.
      1301 W Foothill Blvd, Azusa, CA 91702
      View Details
    • Contact for pricing
      115,110 SF

      1120 West Foothill Boulevard, Azusa, CA, 91702

      Warehouses • 115,110 SF
      1120 West Foothill Blvd, Azusa, CA 91702
      View Details
    • Contact for pricing

      Secured Industrial Buildings with Yards

      Industrial buildings with fenced yards, dock doors, and ample power.
      501-505 W Foothill Blvd, Azusa, CA
      View Details
    • Contact for pricing

      Industrial Facility with Renovated Yard

      Renovated industrial facility with easy freeway access and expansion potential.
      505 W Foothill Blvd, Azusa, CA
      View Details
    • $0.95 SF/Yr
      8,000 SF

      Azusa Warehouse Space Available

      Multi-tenant building featuring 8,000 square feet of warehouse space.
      400-410 Irwindale Ave, Azusa, CA
      View Details
    • Contact for pricing
      74,000 SF

      Azusa Industrial Center Distribution Space

      Class A distribution space with trailer parking in Azusa.
      823-829 W 8 St, Azusa, CA
      View Details
    • Contact for pricing
      1,500 SF

      Azusa Flex Space Available

      Multi-tenant building with office and flex space for rent.
      718-738 Loren Ave, Azusa, CA
      View Details
    • Contact for pricing
      179,100 SF

      Distribution/Manufacturing Facility For Rent

      179,100 SF distribution/manufacturing facility with restoration underway.
      1021 N Todd Ave, Azusa, CA
      View Details
    • Contact for pricing
      10,440 SF

      Azusa Warehouse with Secured Yard

      HVAC warehouse with heavy power and secured yard available for lease.
      749-751 N Coney Ave, Azusa, CA
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail and restaurant spaces in Downtown Azusa.
    Where is this retail space located?
    The property is located at 802 N Azusa Ave Azusa, CA.
    What are key features of this property?
    This property features: - New construction (2024) in Downtown Azusa.; - Located in a local dining and retail hub.; - 127 luxurious residential units.
    (949) 344-1200
    Request Owner's contact information
    802 N Azusa Ave Azusa, CA 91702
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    802 N Azusa Ave
    Azusa, CA 91702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    802 N Azusa Ave Azusa, CA 91702
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jared Himes
    Jared Himes
    Real Estate License ID: 01921954
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!