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    Property profile & analytics

    500 Atlantic Blvd Blvd Monterey Park, CA 91754

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 500 Atlantic Blvd Blvd

    Property type
    Office Properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 6,205 square foot commercial space is located at 500 Atlantic Boulevard, Unit 137, in the thriving Atlantic Times Square plaza of Monterey Park, California (zip code 91754). Situated in Los Angeles County, this office and land property boasts high visibility directly on Atlantic Boulevard. The property benefits from its location within a vibrant mixed-use development featuring prominent anchor tenants such as AMC Theaters, Daiso Japan, and 24-Hour Fitness, attracting significant foot traffic from both residents and visitors. The presence of 210 upscale condominiums within the plaza further enhances the property's appeal and contributes to a bustling atmosphere. Strategic placement across from the Marriott Courtyard and adjacent to the Holiday Inn ensures maximum visibility for your business. The property offers a comprehensive suite of amenities, including ample parking, 24/7 security, and professional on-site property management. This space presents a unique opportunity for businesses seeking a high-traffic, well-maintained location in a dynamic and desirable area. The asking price is $12,410. This property is ideal for a variety of commercial uses. The property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.134
    Latitude
    34.0687

    Comparable in this City

    • Value Estimation by Request

      500 Atlantic Blvd Blvd

      Land
      500 Atlantic Blvd Blvd, Monterey Park, CA 91754
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    • Value Estimation by Request
      1,479 SF

      223 Garfield Ave

      Medical offices • 1,479 SF
      223 Garfield Ave, Monterey Park, CA 91754
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    • Value Estimation
      $2,270,000
      7,170 SF

      2063 Atlantic Blvd, Unit 3A-L

      OFFICE BUILDING • 7,170 SF
      2063 Atlantic Blvd, Monterey Park, CA 91754-6344
      View Details
    • Value Estimation
      $730,000
      2,793 SF

      524 Garvey Ave

      OFFICE BUILDING • 2,793 SF
      524 Garvey Ave, Monterey Park, CA 91754-2704
      View Details
    • Value Estimation
      $705,000
      2,000 SF

      523 Atlantic Blvd

      OFFICE BUILDING • 2,000 SF
      523 Atlantic Blvd, Monterey Park, CA 91754-3865
      View Details
    • Value Estimation
      $660,000
      3,068 SF

      1995 Atlantic Blvd

      MEDICAL BUILDING • 3,068 SF
      1995 Atlantic Blvd, Monterey Park, CA 91754-6301
      View Details

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    Similar Nearby for Lease

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      Monterey Park Office Building

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      670 SF

      Monterey Park Office Space Available

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      Office Space in Monterey Park

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      Monterey Park Commercial Space Available

      Commercial space for lease in Monterey Park, California.
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      Retail/Office Space in Monterey Park

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      Monterey Park Office/Retail Space

      Office and retail space available for lease in Monterey Park.
      328 S Atlantic Blvd, Monterey Park, CA 91754
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    Monterey Park, CA 91754
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    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
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