Six-Bay Auto Repair
For Sale
Contact for pricing
16908 S Broadway, Gardena, CA 90248
Purpose-built automotive service facility with multiple repair bays and a 2017 construction date.
Property Size7,140 SF
Price / SF$400
Days on Market147
Property Features for 16908 S Broadway
General Information
Standard status
Active
Size
7,140 SF
Property subtype
Industrial
Additional Details
Service Bays
6
Building Details
Year Built
2017
Listing Agency:
Matthews
Listed By:
Kyle Pari · License #CA 02084773
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 8:54AM
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 Matthews
Investment Insights
Based on property information with market context.
This auto repair property was constructed in 2017 and includes six service bays, providing a dedicated physical setup for automotive repair use.
The property is located at 16908 S Broadway in Gardena, California. Its configuration is centered on automotive service operations, with the bay count offering functional capacity for repair work.
The property is located at 16908 S Broadway in Gardena, California. Its configuration is centered on automotive service operations, with the bay count offering functional capacity for repair work.
Key Highlights
- Six‑bay configuration for automotive repair use
- Constructed in 2017
- Located at 16908 S Broadway, Gardena, CA 90248
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
$157,970
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
5.53%
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%
$3,159,400
$3.2M
Cap Rate 7%
$2,256,714
$2.3M
Cap Rate 9%
$1,755,222
$1.8M
Market Conditions
NOI Build-Up for 7,140 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
$241.6K $33.84/SF
− Vacancy
−$15.9K −$2.23/SF
EGI
$225.7K $31.61/SF
− OpEx
−$67.7K −$9.48/SF
NOI
$158.0K $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%
$3,159,400
Cap Rate 7%
$2,256,714
Cap Rate 9%
$1,755,222
Alternative Uses
Best Use
Retail
$2.26M
$1.97M – $2.63M
NOI $157,970 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,439 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,591 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
34k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Home Improvements & Furnishings 9%
Hotels & Casinos 5%
AMPM
Shops & Services
15,452 visits/mo
0.5 miles
Chevron
Shops & Services
9,200 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
2,922 visits/mo
0.4 miles
Sinclair
Shops & Services
2,625 visits/mo
0.5 miles
Motel 6 Gardena, CA - South
Hotels & Casinos
1,652 visits/mo
0.4 miles
Demographics for 90248, CA
11,295
Population
4,249
Households
2.7
Avg Household Size
42
Median Age
33%
College-Educated
84%
High-School Grad
4.8 sq mi
ZIP Area
2,353
Density / Sq Mi
$81,777
Median Household Income
$45,831
Median Earnings
$1,602
Median Rent
$646,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Purpose-built automotive service facility with multiple repair bays and a 2017 construction date.
Where is this auto shop located?
The property is located at 16908 S Broadway Gardena, CA.
What is the asking price?
The asking price for this property is $2,856,000.
What are key features of this property?
This property features: Six‑bay configuration for automotive repair use; Constructed in 2017; Located at 16908 S Broadway, Gardena, CA 90248
