Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    288 N Santa Anita Ave Arcadia, CA 91006
    Property profile & analytics

    288 N Santa Anita Ave Arcadia, CA 91006

    View on Map
    • Investment properties
    • 33,201 SF
    • 0.72 lot acres
    For Lease
    $8,240,000
    View Listing →
    Retail Space Available For Rent For Lease
    $8,240,000
    1,207 SF

    Retail Space Available For Rent

    1,207 SF grey shell retail space available for buildout.

    288 N Santa Anita Ave, Arcadia, CA 91006
    View Listing
    Property ID
    US09-9866015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Lori D. Moore, MD / Ophthalmologist
    • Reid Maxwell Wainess / Ophthalmologist
    • Dr. Sinan Albear / Ophthalmologist
    • Acuity Optical - Arcadia / Physician
    • Acuity Eye Group - Arcadia / Ophthalmologist

    Property Details for 288 N Santa Anita Ave

    Year built
    2022
    Construction
    CONCRETE
    Lot size
    0.72 lot acres
    Property size
    33,201 SF
    Zone code
    ARC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5773-006-065
    APU
    5773006065

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,205,000
      6.5%
      $10,345,000
      7%
      $9,605,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,260,000
      Current use
      RETAIL STORES
      $13,365,000
      Change: +30% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $11,485,000
      Change: +12% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    Los Angeles
    State
    California
    Longitude
    -118.031
    Latitude
    34.1431
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $256,980
    $3,346,555
    $18,706,800
    $22,053,355
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,844 SF

      219 1st Ave

      STORE/OFFICE (MIXED USE) • 1,844 SF
      219 1st Ave, Arcadia, CA 91006-3608
      View Details
    • Value Estimation
      $1,510,000
      11,316 SF

      1 Foothill Blvd

      STORE/OFFICE (MIXED USE) • 11,316 SF
      1 Foothill Blvd, Arcadia, CA 91006-2306
      View Details
    • Value Estimation by Request
      2,360 SF

      122 Foothill Blvd

      STORE/OFFICE (MIXED USE) • 2,360 SF
      122 Foothill Blvd, Arcadia, CA 91006-2604
      View Details
    • Value Estimation
      $1,245,000
      8,080 SF

      157 Huntington Dr

      STORE/OFFICE (MIXED USE) • 8,080 SF
      157 Huntington Dr, Arcadia, CA 91006
      View Details
    • Value Estimation
      $680,000
      4,850 SF

      141 Huntington Dr

      STORE/OFFICE (MIXED USE) • 4,850 SF
      141 Huntington Dr, Arcadia, CA 91006-7084
      View Details
    • Value Estimation
      $1,155,000
      8,726 SF

      125 1st Ave

      STORE/OFFICE (MIXED USE) • 8,726 SF
      125 1st Ave, Arcadia, CA 91006-3606
      View Details

    Similar Nearby for Sale

    • $2,000,000
      3,886 SF

      Arcadia Mixed-Use Investment Opportunity

      Mixed-use property in prime location with commercial and residential units.
      227 S 1St Ave, Arcadia, CA 91006
      View Details
    • $2,000,000
      3,886 SF

      Arcadia Mixed-Use Investment Opportunity

      Mixed-use property in prime location with commercial and residential units.
      57 California St, Arcadia, CA 91006
      View Details
    • $1,500,000
      1,644 SF

      Arcadia Retail Building - Prime Location

      Freestanding retail, high visibility, excellent location.
      911 1St Ave, Arcadia, CA 91006
      View Details
    • $689,000
      850 SF

      Arcadia Commercial/Residential Opportunity

      Commercial/Residential property in Arcadia, CA, ideal for dental or professional.
      910 N Santa Anita Ave, Arcadia, CA 91006
      View Details
    • $860,000

      Arcadia Industrial Condo with Office

      Well-maintained industrial condo with office space and warehouse.
      11940 Goldring Rd, Arcadia, CA 91006
      View Details
    • $1,598,888
      1,982 SF

      Arcadia Retail Building For Sale

      Retail building in central Arcadia location, tenant in place.
      419 S 1St Ave, Arcadia, CA 91006
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      New Mixed-Use Retail Space

      Retail space in a newly built mixed-use development.
      57 Wheeler Ave, Arcadia, CA 91006
      View Details
    • $30 SF/Yr

      159 E Live Oak Ave, Unit 203

      Live Oak Professional & Business Center
      159 E Live Oak Ave, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Arcadia Office Building For Lease

      Highly visible office building near 210 Freeway and USC Arcadia Hospital.
      51 N 5Th Ave, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      1,207 SF grey shell retail space available for buildout.
      288 N Santa Anita Ave, Arcadia, CA 91006
      View Details
    • $28 SF/Yr

      Arcadia Pacific Plaza Office Suites

      Professional office suites available for lease in Arcadia, California.
      444 E Huntington Dr, Arcadia, CA 91006
      View Details
    • Contact for pricing

      Arcadia Office Space Available

      Office suite available in affluent area near Westfield Santa Anita.
      336 East Huntington Dr, Arcadia, CA 91006
      View Details
    View Listing
    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.
    288 N Santa Anita Ave
    Arcadia, CA 91006
    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
    288 N Santa Anita Ave, Arcadia, CA, 91006
    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!