Remodeled Retail Building with
For Sale
$2,500,000
25323 Normandie Ave, Harbor City, CA 90710
Remodeled retail building featuring multiple rental spaces and storage units.
Property Size11,680 SF
Lot Size0.48 Acres
Price / SF$214.04
Days on Market3003
Property Features for 25323 Normandie Ave
General Information
Standard status
Active
Size
11,680 SF
Lot size
0.48 Acres
Taxes and HOA fees
Annual Taxes
$20,972
Listing Agency:
Home Team Realty
48
Listed By:
Ronald Ellis · License #00324909
48
Source:
Exprealty
Added: May 21, 2018
Changed: Aug 8
Last Checked: Aug 8 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Team Realty
Investment Insights
Based on property information with market context.
The building was substantially remodeled in 2008 due to fire damage. The remodel created seven rental spaces, including five units of 1600 square feet each and two units of 1840 square feet each. There are three storage units totaling 1500 square feet located in the rear of a north wall, backing up to an alley. The property has 1000/3 phase power. Individual power meters serve six units, with two units sharing one meter. Gas and water are available but not individually metered. Approximately 18 parking spaces are available on the property, including one handicap parking space. The exterior has been substantially remodeled since the major remodel in 2008.
Key Highlights
- Seven rental spaces offer immediate income potential, with five units at 1600 sq ft and two larger units at 1840 sq ft.
- Substantial remodel in 2008 due to fire damage, plus subsequent exterior remodel.
- High power capacity: 1000 amp / 3‑phase electrical service.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$145,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,901,920
$2.9M
Cap Rate 7%
$2,072,800
$2.1M
Cap Rate 9%
$1,612,178
$1.6M
Market Conditions
NOI Build-Up for 11,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$221.5K $18.96/SF
− Vacancy
−$14.2K −$1.21/SF
EGI
$207.3K $17.75/SF
− OpEx
−$62.2K −$5.32/SF
NOI
$145.1K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,901,920
Cap Rate 7%
$2,072,800
Cap Rate 9%
$1,612,178
Alternative Uses
Best Use
Retail
$3.87M
$3.39M – $4.52M
NOI $271,060 @ 7.0% cap · market cap 10.84%
Second Best
Industrial
$2.07M
$1.81M – $2.42M
NOI $145,096 @ 7.0% cap · market cap 5.80%
Theoretical Best
Multifamily LT 5
$236.63M
$207.05M – $276.07M
NOI $16,564,085 @ 7.0% cap · market cap 662.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 90710, CA
26,605
Population
9,861
Households
2.7
Avg Household Size
40
Median Age
32%
College-Educated
84%
High-School Grad
2.3 sq mi
ZIP Area
11,567
Density / Sq Mi
$77,486
Median Household Income
$40,216
Median Earnings
$1,547
Median Rent
$648,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Remodeled retail building featuring multiple rental spaces and storage units.
Where is this retail space located?
The property is located at 25323 Normandie Ave Harbor City, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Seven rental spaces offer immediate income potential, with five units at 1600 sq ft and two larger units at 1840 sq ft.; Substantial remodel in 2008 due to fire damage, plus subsequent exterior remodel.; High power capacity: 1000 amp / 3‑phase electrical service.
