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Building Details

Year Built 1938

Buildings 1

Tenancy Single

Listing Agency: Coldwell Banker Realty

Listed By: Matty Hurtado · License #01207955 Show Phone

Source: Crexi

Added: Aug 28 Changed: Oct 13 Last Checked: Oct 14 at 11:00PM

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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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This storefront property comprises a two-parcel assemblage with a reported property size of 5,417 square feet. The improvements date to 1938, providing an established retail building configuration for commercial use.

The property is located on Garvey Avenue in El Monte, California, with the address identified as 9863 Garvey Avenue. EMM1 zoning is reported for the site.

Key Highlights

• Two‑parcel assemblage on Garvey Avenue
• 5,417‑square‑foot property
• 1938 construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$146,706

Cap Rate

4.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,934,120 $2.9M

Cap Rate 7%

$2,095,800 $2.1M

Cap Rate 9%

$1,630,067 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,417 SF

Gross rent

$200.2K $36.96/SF

− Vacancy

−$4.6K −$0.85/SF

EGI

$195.6K $36.11/SF

− OpEx

−$48.9K −$9.03/SF

NOI

$146.7K $27.08/SF

Area

El Monte, CA

Vacancy

2.30%

Lease Rate

$36.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,934,120

Cap Rate 7%

$2,095,800

Cap Rate 9%

$1,630,067

Alternative Uses

Best Use

Specialty Retail

$2.10M

$1.83M – $2.45M (±1% cap)

NOI $146,706 @ 7.0% cap · market cap 4.10%

Second Best

Retail

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,925 @ 7.0% cap · market cap 3.82%

Theoretical Best

Multifamily LT 5

$102.93M

$90.07M – $120.09M (±1% cap)

NOI $7,205,276 @ 7.0% cap · market cap 201.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Daycare Center Barber Shop Nursing Home (Bike/Boat/Book/etc) Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,690

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 91733, CA

41,990

Population

11,172

Households

3.8

Avg Household Size

36

Median Age

11%

College-Educated

56%

High-School Grad

6.7 sq mi

ZIP Area

6,267

Density / Sq Mi

$67,245

Median Household Income

$32,486

Median Earnings

$1,658

Median Rent

$601,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Jana Flowers — 2538 Chico Ave, South El Monte, CA 91733
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Frequently Asked Questions

What type of property is this?

Storefront property - Retail storefront property offering a two-parcel assemblage with EMM1 zoning.

Where is this storefront property located?

The property is located at 9863 Garvey Avenue El Monte, CA.

What is the asking price?

The asking price for this property is $3,580,000.

What are key features of this property?

This property features: Two‑parcel assemblage on Garvey Avenue; 5,417‑square‑foot property; 1938 construction