Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 Monrovia, CA 91010
    Back to Search
    Property profile & analytics

    111, Monrovia, CA 91010

    View on Map
    • Retail properties & Spaces
    • 10,329 SF
    • 0.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 111

    Lot size
    0.34 lot acres
    Property type
    Retail properties & Spaces

    Description

    This 10,329 square foot multi-tenant retail building is situated on a prominent corner lot at the intersection of Stedman and Foothill Boulevard in Monrovia, California. The property sits on a 0.34-acre lot and offers high visibility for potential businesses. Currently, a portion of the building is available for lease. This space, previously occupied by a Subway sandwich shop, features desirable amenities including floor drains, a stove hood, and a land mop disposal area. The building is currently home to a dentist and a Massage Envy franchise. Parking is limited, primarily consisting of a small rear lot and additional spaces in a lot on Stedman behind a smoke shop. Therefore, this space is best suited for a business with minimal customer vehicle traffic. Businesses with a low volume of deliveries and customer vehicles, such as an optical business or similar low-traffic enterprise, would be ideal tenants. The property's location and existing tenant mix provide a strong foundation for a successful business venture. The asking price for the available space is $2 million. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -117.89
    Latitude
    34.1394

    Comparable in this City

    • Value Estimation by Request

      1193-1247 Huntington Dr

      Lifestyle centers
      1193-1247 Huntington Dr, Duarte, CA 91010
      View Details
    • Value Estimation
      $1,155,000
      2,405 SF

      2301 Central Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2301 Central Ave, Duarte, CA 91010-2920
      View Details
    • Value Estimation
      $16,405,000
      106,452 SF

      1050 Huntington Dr

      DEPARTMENT STORE
      1050 Huntington Dr, Duarte, CA 91010-2475
      View Details
    • Value Estimation by Request
      1,320 SF

      816 Highland Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      816 Highland Ave, Duarte, CA 91010-1931
      View Details
    • Value Estimation by Request
      960 SF

      808 Highland Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      808 Highland Ave, Duarte, CA 91010-1931
      View Details
    • Value Estimation
      $3,975,000
      146,165 SF

      1600 Mtn Ave

      DEPARTMENT STORE
      1600 Mtn Ave, Duarte, CA 91010-2757
      View Details

    Similar Nearby for Sale

    • $1,700,000
      2,500 SF

      Duarte Commercial Property For Sale

      Commercial property on Huntington Drive, suitable for investment or restaurant.
      2150 Huntington Dr, Duarte, CA 91010
      View Details
    • $1,700,000

      Restaurant/Retail Opportunity on Huntington Drive

      2,500 SF restaurant/retail space on a 20,003 SF lot.
      2150 Huntington Dr, Duarte, CA 91010
      View Details
    • $1,599,000

      Drive-Through Retail Investment Opportunity

      Retail property with drive-through, redevelopment potential, and high ceilings.
      46-48 Broadway, Chula Vista, CA 91010
      View Details
    • $2,800,000
      9,984 SF

      Duarte Commercial Property For Sale

      Six-unit commercial property with retail and warehouse spaces.
      2160 Huntington Dr, Duarte, CA 91010
      View Details
    • $2,350,000
      6,000 SF

      Duarte Industrial Flex/R&D Warehouse

      6,000 SF industrial flex/R&D warehouse in Duarte, CA.
      845 Meridian St, Duarte, CA 91010
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant Space Available

      Fully improved restaurant space with freeway access and excellent visibility.
      1430 Mountain Ave, Duarte, CA 91010
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Rent

      Retail space available for rent.
      2215-2251 Huntington Dr, Duarte, CA 91010
      View Details
    • Contact for pricing
      1,010 SF

      Retail Space Available For Rent

      In-line retail space available for lease.
      904-946 Hamilton Rd, Duarte, CA 91010
      View Details
    • Contact for pricing

      Industrial Single Tenant Warehouse

      15,400 SqFt industrial single tenant warehouse available for rent.
      1855 Business Center Dr, Duarte, CA 91010
      View Details
    • Contact for pricing
      19,346 SF

      Duarte Industrial Center Warehouse Space

      Dock high loading in great Duarte location.
      1801 Highland Ave, Duarte, CA 91010
      View Details
    • $9,900 /Mo
      6,000 SF

      Duarte Industrial R&D Warehouse

      6,000 SF stand-alone industrial building with clean room.
      845 Meridian St, Duarte, CA 91010
      View Details
    Request Owner's contact information
    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.
    111
    Monrovia, CA 91010
    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
    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

    Thank You for Inquiry
    111, Monrovia, CA, 91010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!