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    5035 Slauson Ave Los Angeles, CA 90056

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    5035 Slauson Ave Los Angeles, CA 90056

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    • Retail properties & Spaces
    • 16,057 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mike's New York Pizzeria / Restaurant
    • Atrium Nail & Beauty Garden / Nail Salon
    • Simply Salad / Take-out & Catering
    • Best Astrologer in Los Angeles |Guru Ji S.K.Sharma Job, Business, Career, Love Marriage, Horoscope Matching, Health, Wealth, Black Magic Removal, Pran / Astrologer
    • Qwench Juice Bar & DRNK Coffee + Tea / Specialty Food Shop / (Bike/Boat/Book/etc) Store

    Property Details for 5035 Slauson Ave

    Property size
    16,057 SF
    Property type
    Retail properties & Spaces

    Description

    This prime retail space, located at 5035 W Slauson Ave, is part of The Shops at Wateridge, a 21-acre campus. The property offers a total of 16,057 square feet of retail space within a larger development including 566,653 square feet of office space. Currently, 2,427 square feet is available for lease. The Shops at Wateridge boasts ample on-site parking (64 spaces), lush landscaping, 24/7 security, and professional on-site management. This retail center is undergoing major renovations, creating a modern and attractive environment for businesses. Unit sizes range from 750 to 3,370 square feet, offering flexibility for various retail concepts. The location benefits from a strong captive audience, with 254,539 residents and 289,851 daytime employees within a 3-mile radius, presenting a significant opportunity in an underserved market. Current tenants include Children's Dental Specialist, DRNK Coffee, Firehouse Subs, Mike's Pizza, QWENCH Juice Bar, and Simply Salad. Contact for pricing and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.366
    Latitude
    33.988

    Comparable in this City

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      5045 Slauson Ave

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      4856 Slauson Ave

      PARKING LOT • 2,250 SF
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    • Value Estimation
      $1,275,000
      4,214 SF

      4745 Slauson Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,214 SF
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      962 SF

      4834 Slauson Ave

      TAKE-OUT RESTAURANT • 962 SF
      4834 Slauson Ave, Los Angeles, CA 90056-1208
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    • Value Estimation
      $1,065,000
      6,374 SF

      4900 Slauson Ave

      MINI-MALL • 6,374 SF
      4900 Slauson Ave, Los Angeles, CA 90056-1639
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    • Value Estimation
      $16,265,000
      105,210 SF

      4925 Slauson Ave

      APPLIANCE STORE • 105,210 SF
      4925 Slauson Ave, Los Angeles, CA 90056-1638
      View Details

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    Los Angeles, CA 90056
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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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