Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space for Rent Title is generated by Realmo AI

    23880 Madison St, Torrance, CA 90505

    View on Map
    Claim this Listing
    For Lease
    $1.75 SF/Yr

    Commercial property available for rent in Torrance, CA.

    Type:Industrial
    Added:
    Mar 4, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 5 at 9:45 pm

    Property Features for 23880 Madison St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1979

    Spaces For Lease

    at 23880 Madison St Contact us

    We can help!

    Listing Contact
    Craig Poropat
    Craig Poropat

    Listing agent Craig Poropat License #CalDRE #00896729

    Listing office Lee & Associates Torrance

    Listing date Mar 4, 2026

    Source Lee-associates

    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 Lee & Associates Torrance

    HighLights

    • Commercial property for rent.
    • Located in Torrance, CA.
    • Built in 1979.

    Overview

    This commercial property, located at 23880 Madison St in Torrance, CA 90505, is available for rent. The property is classified as a specialty property and other specialty property, suitable for commercial real estate purposes. The list price is $1.75.
    Property Profile Location Intelligence

    Current Use by Public Records

    WOW Water Home Appliance Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.348
    Latitude
    33.8081

    Nearby Similar for Lease

    • $1,600/Mo
      1,300 SF

      Torrance Commercial Units For Lease

      Two adjacent commercial units available for lease in Torrance.
      2424 Torrance Boulevard, Torrance, CA 90501
      View Details
    • Contact for pricing
      11,600 SF

      Flexible Space in Old Torrance

      2528 SF space for lease in downtown Torrance.
      1321 Sartori, Torrance, CA 90501
      View Details
    • $129-$5,107/Mo
      11-1,292 SF

      Del Amo

      21515 Hawthorne Blvd, Unit 200, Torrance, CA 90503
      View Details
    • $750/Mo
      26,776 SF

      Torrance Office Suites For Lease

      Flexible office suites available for lease in Torrance, California.
      23505 Crenshaw Boulevard, Torrance, CA 90505
      View Details
    • $1.85 SF/Yr
      11,414 SF

      Torrance Industrial Park Flex Space

      Multi-tenant industrial park with open office, warehouse, and kitchenette.
      2401 W 208th Street, Torrance, CA 90501
      View Details
    • $2 SF/Yr
      14,132 SF

      Torrance Office Space For Rent

      Office space in Torrance with easy freeway access.
      Torrance, CA 90504
      View Details
    • $2 SF/Yr
      6,667 SF

      Torrance Flex Building For Rent

      High image Class "A" flex building in Torrance Matrix.
      2856 Columbia St, Torrance, CA 90503
      View Details
    • Sponsored
      $129-$5,252/Mo
      11-1,292 SF

      CA, Torrance - Skypark Ave

      2790 Skypark Ave, Unit 2ND, Torrance, CA 90505
      View Details
    • $3,610/Mo

      Retail Space on Pacific Coast

      Retail space with high visibility and private parking.
      3803 Pacific Coast, Torrance, CA 90505
      View Details
    • $2 SF/Yr
      30,000 SF

      High-End Office/Warehouse Space Available

      17,780 SF office/warehouse near LA ports and LAX.
      20100 South Western Avenue, Torrance, CA, 90501
      View Details
    • $2 SF/Yr
      7,659 SF

      Torrance Office Space Available

      Office space for rent in Torrance with excellent amenities.
      21241 South Western Avenue, Torrance, CA, 90501
      View Details
    • Contact for pricing
      2,528 SF

      Flexible Event Space in Torrance

      2528 SF space suitable for retail, events, medical.
      1321 Sartori, Torrance, CA 90501
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for rent in Torrance, CA.
    Where is this specialty property located?
    The property is located at 23880 Madison St Torrance, CA.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: Commercial property for rent.; Located in Torrance, CA.; Built in 1979.
    (310) 965-1777
    We can help!
    Listing Contact
    Craig Poropat
    Craig Poropat
    Real Estate License ID: CalDRE #00896729
    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.
    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
    23880 Madison St, Torrance, CA 90505
    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!