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    Property profile & analytics

    Wilmington, CA 90744

    • Retail properties
    • 1,350 SF
    • 0.36 lot acres
    For Sale
    View listing
    $1,499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details

    Year built
    1947
    Lot size
    0.36 lot acres
    Property size
    1,350 SF
    Property type
    Retail properties

    Description

    This exceptional 1,350 square foot retail property, situated on a 0.36-acre lot in the vibrant Wilmington, CA area, presents a lucrative investment opportunity. Boasting nearly 250 feet of prime street frontage along the iconic Pacific Coast Highway (CA-1), this property benefits from unparalleled visibility and high traffic volume. The LA C2 zoning allows for a wide range of potential uses, maximizing its versatility and future development potential. The property comprises two separate parcels, each currently occupied by thriving businesses generating strong rental income. One tenant is an established car dealership, while the other is a successful auto stereo and tint shop featuring three covered bays. This strategic location offers exceptional accessibility, with convenient access from three major roads: Pacific Coast Highway, Bay View, and McDonald Avenue. Furthermore, its proximity to the 110 Freeway ensures easy access for customers and employees alike. This turnkey investment offers immediate income generation and significant long-term growth potential in a highly desirable coastal location. The property's unique configuration and high-traffic location make it an exceptional opportunity for investors seeking a stable, high-return investment in a prime Southern California market. The existing tenants provide a solid foundation for immediate cash flow, while the flexible zoning allows for future expansion or redevelopment to suit a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Los Angeles
    State
    California
    Longitude
    -118.263
    Latitude
    33.7912

    Comparable in this City

    • Value Estimation
      $250,000
      3,005 SF

      216 Anaheim St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,005 SF
      216 Anaheim St, Wilmington, CA 90744-4516
      View Details
    • Value Estimation by Request
      2,750 SF

      1236 Blvd

      Retail properties • 2,750 SF
      1236 Blvd, Wilmington, CA 90744
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    • Value Estimation
      $295,000
      2,105 SF

      1409 Pacific Coast Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,105 SF
      1409 Pacific Coast Hwy, Wilmington, CA 90744-2836
      View Details
    • Value Estimation
      $330,000
      4,400 SF

      1101 Pacific Coast Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,400 SF
      1101 Pacific Coast Hwy, Wilmington, CA 90744-2425
      View Details
    • Value Estimation
      $170,000
      1,000 SF

      1212 Anaheim St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,000 SF
      1212 Anaheim St, Wilmington, CA 90744-4108
      View Details
    • Value Estimation
      $325,000
      1,176 SF

      814 Avalon Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,176 SF
      814 Avalon Blvd, Wilmington, CA 90744-4502
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $5,000 /Mo

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      Well-maintained office space suitable for medical or dental practices.
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      Retail Space in Wilmington, CA

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    • $650 /Mo
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      Downtown Wilmington Office Space Available

      Classic 1927 office spaces for lease in Downtown Wilmington.
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      View Details
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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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