Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16407 S Normandie Ave Gardena, CA 90247

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Shell space available for customized build out on high-traffic street.

    Lot size:
    0.29 Acres

    Property Features for 16407 S Normandie Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.29 Acres

    We can help!

    Listing Contact
    Jack Baboudjian
    Source: Elliman

    Listing Agent: Jack Baboudjian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space with Custom Buildout

    This retail space is available for rent and offers the opportunity for a customized build out. The property is new construction, with the remaining units fully leased. Situated on a high-traffic street, the location provides significant street visibility, and is located across from a school and church. The available unit is a shell space that includes a bathroom and a storage room. Tenants can benefit from the various possibilities for the interior structure of the unit. The unit has its own specific HVAC system and new amps for an electrical panel. Ample parking is available in the rear of the building. This space is suitable for tenants who are ready to implement their personalized vision.
    Location Intelligence

    Current Use by Public Records

    Infamous Barbershop Barber Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.3000465
    Latitude
    33.8816738

    Nearby Similar for Lease

    • $5,500 /Mo
      3,900 SF

      Gardena Storefront Opportunity

      3,800 sq. ft. storefront in Gardena, CA for lease.
      14510 Crenshaw Blvd, Gardena, CA 90249
      View Details
    • $5,500 /Mo
      7,952 SF

      Prime Commercial Space in Gardena

      3,000 SQFT commercial space for lease in Gardena, CA.
      13850 S Normandie Ave, Gardena, CA 90249
      View Details
    • $4,500 /Mo

      Established Optometrist Office for Rent

      Turnkey optometrist office with equipment and optical dispensary included.
      14506 S Crenshaw Blvd, Gardena, CA 90249
      View Details
    • $1.65 SF/Yr

      Refurbished Multi-Tenant Building Available

      Multi-tenant building with frontage on El Segundo Blvd.
      1320 W El Segundo Blvd, Gardena, CA 90247
      View Details
    • $1.85 SF/Yr

      Gardena Commercial Space For Lease

      Commercial space for lease in Gardena, California.
      1611 190Th St, Gardena, CA 90248
      View Details
    • $1.65 SF/Yr

      Refurbished Multi-Tenant Building Available

      Multi-tenant building with frontage on El Segundo Blvd.
      1320 W El Segundo Blvd, Gardena, CA 90247
      View Details
    • $1.35 SF/Yr

      Gardena Industrial Center Space Available

      Industrial space in professionally managed West Carson Industrial Center.
      18037 S Broadway, Gardena, CA 90248
      View Details
    • $2,330 /Mo

      Gardena Office Space For Rent

      Multi-tenant office building in a convenient Gardena location.
      16012 S Western Ave, Gardena, CA 90247
      View Details
    • $5,500 /Mo

      Gardena Commercial Space For Lease

      3,000 sqft commercial space in a prime Gardena location.
      13850 S Normandie Ave, Gardena, CA 90249
      View Details
    • $1.50 SF/Yr

      Commercial Space in Carson Location

      Commercial space available for rent in Carson, California.
      144 West Gardena Blvd, Gardena, CA 90248
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office space with on-site amenities and excellent access.
      879 West 190Th St, Gardena, CA 90248
      View Details
    • $1.35 SF/Yr

      Freestanding Building with Secure Yard

      Freestanding industrial building with fenced yard available for lease.
      14815 S Broadway, Gardena, CA 90248
      View Details

    FAQs

    What type of property is this?
    Retail space - Shell space available for customized build out on high-traffic street.
    Where is this retail space located?
    The property is located at 16407 S Normandie Ave Gardena, CA.
    What are key features of this property?
    This property features: - High traffic street location with excellent visibility.; - New construction with customized build-out potential.; - Ample parking in the rear of the building.
    Request Owner's contact information
    16407 S Normandie Ave Gardena, CA 90247
    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.
    16407 S Normandie Ave
    Gardena, CA 90247
    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
    16407 S Normandie Ave Gardena, CA 90247
    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

    We can help!
    Listing Contact
    Jack Baboudjian
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!