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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Imperial Hwy Los Angeles, CA 90044-4127

    • Retail space
    • 13,141 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $4,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6344929
    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.

    Current Use by Public Records

    • WINDSHIELD GUYZ / Auto Glass Shop
    • Mother's Nutritional Center / Grocery Store
    • Subway / Sandwich Shop / Caterer
    • EKGE Chimney & Cleaning Services Inc. / Chimney Sweep
    • Metro by T-Mobile / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 700 Imperial Hwy

    Year built
    2007
    Construction
    TILT-UP CONCRETE
    Lot size
    0.61 lot acres
    Property size
    13,141 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    6088-002-001
    APU
    6088002001

    Description

    This exceptional retail strip center, located at 700 W Imperial Highway in Los Angeles, CA 90044 (APN 6088-002-001), offers a prime opportunity for businesses seeking high-visibility locations in South Los Angeles. The property boasts a total of 11,858 square feet, with multiple tenancies available. Currently, there are 2,900 square feet of vacant space ready for immediate occupancy. Flexible space options are available, ranging from a minimum of 700 square feet to a maximum contiguous space of 2,200 square feet, catering to a variety of business needs and sizes. This location is situated at one of the best intersections in South Los Angeles, ensuring high foot traffic and excellent brand exposure. The property is located in Los Angeles County and benefits from its strategic position within a thriving commercial area. This is an ideal opportunity for businesses looking to establish or expand their presence in a high-traffic, high-visibility location. The property's address is 700 W Imperial Highway, Los Angeles, CA 90044. Serious inquiries are encouraged to explore this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,350,000
      6.5%
      $4,940,000
      7%
      $4,585,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,189,000
      Market price range: $1.82M - $5.19M
      AI Estimate
      $2,731,000
      Market price range: $742k - $2.73M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,660,000
      Current use
      OFFICE BUILDING
      $6,595,000
      Change: +80% Conversion: Easy
      MEDICAL BUILDING
      $5,985,000
      Change: +64% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,565,000
      Change: +52% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,720,000
      Change: +2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,675,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.287
    Latitude
    33.9306
    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
    $91,212
    $2,715,994
    $4,679,890
    $7,395,884
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      6606 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,780 SF
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      6224 Vermont Ave

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      RETAIL STORES (PERSONAL SERVICES) • 3,317 SF
      10537 Vermont Ave, Los Angeles, CA 90044-3021
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    • Value Estimation
      $2,445,000
      7,493 SF

      7922 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,493 SF
      7922 Vermont Ave, Los Angeles, CA 90044
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    700 Imperial Hwy
    Los Angeles, CA 90044-4127
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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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