Retail Building with Multiple
For Sale
Contact for pricing
13527-29 S Normandie Ave, Gardena, CA 90249
Retail building offering approximately 13,000 sq ft for sale at 13527–29 S. Normandie Ave in Gardena.
Property Size13,000 SF
Price / SF$295
Days on Market173
Property Features for 13527-29 S Normandie Ave
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Retail
Listing Agency:
LA Commercial Real Estate Services
Listed By:
John Lasiter · License #CA
Source:
Crexi
Added: Mar 18
Changed: Sep 3
Last Checked: Sep 5 at 10:12AM
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 LA Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale retail building is listed as 13,000 square feet and includes addresses 13527–29 S. Normandie Ave. The property is presented for retail use and is marketed as a retail asset.
The offering is located at 13527–29 S. Normandie Ave in Gardena, California (90249).
The offering is located at 13527–29 S. Normandie Ave in Gardena, California (90249).
Key Highlights
- Retail building for sale at 13527–29 S. Normandie Ave in Gardena
- Approximately 13,000 sq ft retail space
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
$287,620
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
7.50%
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%
$5,752,400
$5.8M
Cap Rate 7%
$4,108,857
$4.1M
Cap Rate 9%
$3,195,778
$3.2M
Market Conditions
NOI Build-Up for 13,000 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
$439.9K $33.84/SF
− Vacancy
−$29.0K −$2.23/SF
EGI
$410.9K $31.61/SF
− OpEx
−$123.3K −$9.48/SF
NOI
$287.6K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$5,752,400
Cap Rate 7%
$4,108,857
Cap Rate 9%
$3,195,778
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.79M
NOI $287,620 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.96M
$6.09M – $8.12M
NOI $487,210 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 17%
Starbucks
Dining
24,929 visits/mo
0.5 miles
Jack in the Box
Dining
17,901 visits/mo
0.5 miles
Sinclair
Shops & Services
7,101 visits/mo
0.5 miles
StorQuest Self Storage
Shops & Services
1,552 visits/mo
0.4 miles
Demographics for 90249, CA
27,125
Population
9,292
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
80%
High-School Grad
3.0 sq mi
ZIP Area
9,042
Density / Sq Mi
$84,921
Median Household Income
$43,336
Median Earnings
$1,705
Median Rent
$709,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building offering approximately 13,000 sq ft for sale at 13527–29 S. Normandie Ave in Gardena.
Where is this retail space located?
The property is located at 13527-29 S Normandie Ave Gardena, CA.
What is the asking price?
The asking price for this property is $3,835,000.
What are key features of this property?
This property features: Retail building for sale at 13527–29 S. Normandie Ave in Gardena; Approximately 13,000 sq ft retail space
