Flex Space with Fenced
New
For Sale
Contact for pricing
15032 S Normandie Ave, Gardena, CA 90247
C3-zoned facility with whole-building HVAC, high electrical power, and grade-level loading access.
Property Size2,238 SF
Price / SF$424.49
Days on Market5
Property Features for 15032 S Normandie Ave
General Information
Standard status
Active
Size
2,238 SF
Property subtype
INDUSTRIAL
Zoning
C3
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Conditioned Warehouse
Yes
Amenities
Prominent Signage
Security Cameras
Listing Agency:
CBRE - El Segundo
(310) 614-2092
Listed By:
Dean Haney · License #01118306
(310) 614-2092
Source:
Moodyscre
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 21 at 4:15AM
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 CBRE - El Segundo
Investment Insights
Based on property information with market context.
This 2,238-square-foot flex space combines a practical building footprint with features suited to industrial and commercial operations. The property includes HVAC throughout the building, high electrical power, security cameras, and a grade-level loading door. A fully fenced and gated yard adds controlled exterior space, while prominent signage supports identification from the property.
Located at 15032 S Normandie Ave in Gardena, California, the property is near the 110 Freeway. C3 zoning and a 4.5:1,000 parking ratio further define the site’s commercial profile.
Located at 15032 S Normandie Ave in Gardena, California, the property is near the 110 Freeway. C3 zoning and a 4.5:1,000 parking ratio further define the site’s commercial profile.
Key Highlights
- 2,238 SF flex space
- C3 zoning
- 4.5:1,000 parking ratio
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
$29,121
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
3.07%
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%
$582,420
$582.4K
Cap Rate 7%
$416,014
$416.0K
Cap Rate 9%
$323,567
$323.6K
Market Conditions
NOI Build-Up for 2,238 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
$36.0K $16.08/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$34.3K $15.31/SF
− OpEx
−$5.1K −$2.30/SF
NOI
$29.1K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$582,420
Cap Rate 7%
$416,014
Cap Rate 9%
$323,567
Alternative Uses
Best Use
Warehouse
$416.0K
$364.0K – $485.4K
NOI $29,121 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,875 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90247, CA
48,543
Population
17,076
Households
2.8
Avg Household Size
39
Median Age
27%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
12,774
Density / Sq Mi
$73,851
Median Household Income
$37,000
Median Earnings
$1,751
Median Rent
$640,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Crawford Electric Inc — 1230 W 144th St, Gardena, CA 90247
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- Pimenta Brazilian BBQ Catering — 16011 Denker Ave Unit B, Gardena, CA 90247
- West Coast Hospitality Group — 1850 W 144th St, Gardena, CA 90249
- Distinctive Designs & Catering — 16142 S Western Ave, Gardena, CA 90247
Frequently Asked Questions
What type of property is this?
Flex space - C3-zoned facility with whole-building HVAC, high electrical power, and grade-level loading access.
Where is this flex space located?
The property is located at 15032 S Normandie Ave Gardena, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,238 SF flex space; C3 zoning; 4.5:1,000 parking ratio
