Freestanding Flex Building with Roll-Up
New
For Sale
$1,200,000
14526 Crenshaw, Gardena, CA 90249
Freestanding building with flexible interior space for office, retail, or restaurant use.
Property Size3,900 SF
Price / SF$300
Days on Market3
Property Features for 14526 Crenshaw
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Retail
Warehouse & Industrial
Clear Height
12 ft
Clear Span
Yes
Drive-In Doors
1
Additional Details
Road Access
Yes
Amenities
high 12 foot ceiling
private gated parking lot
9 foot roll up doors
floor plan with no posts and bearing walls
Building Details
Building Size
3,900 SF
Year Built
1954
Buildings
1
Listing Agency:
Serv Corp
Listed By:
Brian Lopiccolo · License #01196054
Source:
2buy
Added: Aug 29
Changed: Aug 31
Last Checked: Aug 30 at 2:07PM
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 Serv Corp
Investment Insights
Based on property information with market context.
This freestanding flex property in Gardena, California, contains almost 4,000 square feet and was built in 1954. The interior includes a high-ceilinged open area with 12-foot clear height, creating room for shelving, storage, retail presentation, or business operations. A 9-foot roll-up door supports deliveries and material movement.
The existing layout can be adapted into two approximately 1,950 SF spaces or maintained as a single larger premises. A gated parking area is located behind the building, providing private on-site vehicle storage and access. The property is positioned just off a main road at 14526 Crenshaw. Office, retail, and restaurant uses are identified as possible configurations, subject to city confirmation.
The existing layout can be adapted into two approximately 1,950 SF spaces or maintained as a single larger premises. A gated parking area is located behind the building, providing private on-site vehicle storage and access. The property is positioned just off a main road at 14526 Crenshaw. Office, retail, and restaurant uses are identified as possible configurations, subject to city confirmation.
Key Highlights
- Almost 4000 square feet in a freestanding flex building
- Convertible layout described as two 1950/SF spaces or one larger premises
- 12 foot ceiling height in the main open area
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
$88,498
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
7.37%
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%
$1,769,960
$1.8M
Cap Rate 7%
$1,264,257
$1.3M
Cap Rate 9%
$983,311
$983.3K
Market Conditions
NOI Build-Up for 4,000 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
$135.4K $33.84/SF
− Vacancy
−$8.9K −$2.23/SF
EGI
$126.4K $31.61/SF
− OpEx
−$37.9K −$9.48/SF
NOI
$88.5K $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%
$1,769,960
Cap Rate 7%
$1,264,257
Cap Rate 9%
$983,311
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,498 @ 7.0% cap · market cap 7.37%
Second Best
Industrial
$667.8K
$584.3K – $779.1K
NOI $46,744 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,911 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- A1 CATERING — 14311 Lemoli Ave, Hawthorne, CA 90250
- Lee’Poof Cotton Candy & Concessions — 14005 Crenshaw Blvd D, Hawthorne, CA 90250
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building with flexible interior space for office, retail, or restaurant use.
Where is this flex space located?
The property is located at 14526 Crenshaw Gardena, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Almost 4000 square feet in a freestanding flex building; Convertible layout described as two 1950/SF spaces or one larger premises; 12 foot ceiling height in the main open area
