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    301 E Garvey Ave Monterey Park, CA 91755
    Property profile & analytics

    301 E Garvey Ave, Monterey Park, CA 91755

    View on Map
    • Community centers
    • 13,519 SF
    • 0.79 lot acres
    For Lease
    $48 SF/Yr
    View Listing →
    New Retail and Office Space For Lease
    $48 SF/Yr

    New Retail and Office Space

    New plaza with retail and office spaces for lease.

    301 E Garvey Ave, Monterey Park, CA 91755
    View Listing
    Property ID
    US09-8425576
    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

    • Hyatt Day Spa / Alternative Medicine Practice / Spa & Massage Center
    • T-Mobile Authorized Retailer / Telecommunications Service / Data Center
    • 现代发廊Hyatt barber &beauty / Hair Salon
    • 大斌家串串火锅 / Restaurant
    • Golden Apple Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 301 E Garvey Ave

    Year built
    2019
    Construction
    WOOD
    Lot size
    0.79 lot acres
    Zone code
    MPC4*
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5255-018-021
    APU
    5255018021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 31, 2012 — Jade Plaza LLC Wong,alice L Grant Deed $2M · East West Bank
    Jul 9, 2012 — Alice L Wong Wong,alice L Quit Claim Deed · related —
    Aug 20, 1997 — Alice L Wong — Deed Of Trust · related $2.7M · Shanghai Commercial Bank Ltd
    — — Alice L Wong — Deed Of Trust · related $3.2M · Shanghai Commercial Bank Ltd

    Description

    This exceptional commercial property, located at 301 E Garvey Ave, Monterey Park, CA 91755 (at the Northeast corner of Garvey and Nicholson Avenues), offers a unique opportunity for businesses seeking modern, versatile space. Built in 2020, Jade Plaza is a brand-new development ideally situated in Los Angeles County. The property features a mix of office and retail spaces, perfect for a variety of uses. Currently, there are two available suites ranging in size from 941 square feet to 1,882 square feet, providing flexibility for businesses of different scales. The building's design caters to a diverse tenant mix, originally envisioned to include restaurants, retail shops, mobile phone services, health product businesses, travel agencies, and financial services. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The property is classified as General Office, Retail, and Restaurant space within a multi-tenant building. Lease rates are available upon request. Don't miss this chance to secure your space in this vibrant and modern commercial center. Inquire today to learn more about the available suites and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,340,000
      6.5%
      $4,930,000
      7%
      $4,580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,217,000
      Market price range: $3.03M - $19.1M
      AI Estimate
      $3,317,000
      Market price range: $1.33M - $6.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.118
    Latitude
    34.0628
    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
    $42,449
    $1,609,411
    $1,165,423
    $2,774,834
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation
      $950,000
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      215 Garvey Ave

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      1,808 SF

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      RESTAURANT
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      View Details

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      5,000 SF

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    Similar Nearby for Lease

    • $1.50 SF/Yr
      6,655 SF

      Versatile Office/Retail Space Available

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    • $1,500 /Mo

      Convenient Parking in Monterey Park

      High-visibility building with ample parking near downtown Monterey Park.
      223 E Garvey Ave, Monterey Park, CA 91755
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      800 SF

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      1975 Potrero Grande Dr, Monterey Park, CA 91755
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      New Retail and Office Space

      New plaza with retail and office spaces for lease.
      301 E Garvey Ave, Monterey Park, CA 91755
      View Details
    • Contact for pricing
      17,700 SF

      Divisible Office Space Available

      Second floor office space with elevator access, build-to-suit options.
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    • $1,600 /Mo

      Convenient Location in Monterey Park

      High visibility building with parking near downtown Monterey Park.
      223 E Garvey Ave, Monterey Park, CA 91755
      View Details
    View Listing
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    Monterey Park, CA 91755
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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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