Sign Up Successful!
You now have access to more from Realmo!
    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

    21515 Hawthorne Blvd Torrance, CA 90503

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr ($2,044 /Mo)

    Office space available for rent in Torrance, California.

    Property size:
    7,667 SF
    Lot size:
    3,800.00 Acres

    Property Features for 21515 Hawthorne Blvd

    General Information

    Size
    7,667 SF
    Lot size
    3,800.00 Acres

    We can help!

    Listing Contact
    Eric Lastition
    Source: Moodyscre

    Listing Agency: Newmark - Los Angeles - South Bay Listing Agent: Eric Lastition

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

    Learn more

    Overview

    Torrance Office Space Available

    This property offers office space for rent, specifically a unit located on the 3rd floor. The property is situated in Torrance, California. The available space measures 7667 square feet.
    Location Intelligence

    Current Use by Public Records

    Horizon Management Co Property Management Company Sheila Naghi Law Firm MLT Trade International ... Big Box & Wholesale Store Greenmark Construction Construction Company iLink Systems (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.3537124
    Latitude
    33.8330515

    Nearby Similar for Lease

    • $750 /Mo
      26,776 SF

      Torrance Office Suites For Lease

      Flexible office suites available for lease in Torrance, California.
      23505 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Torrance Live/Work Space Available

      Modern live/work space in a prime Torrance location.
      1978 W Carson St, Torrance, CA 90501
      View Details
    • Contact for pricing
      86,444 SF

      Torrance Retail Space For Lease

      Prime retail space in a high-traffic Torrance location.
      1141-1259 W Carson St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Prime Location Office Leasing Opportunity

      Premier South Torrance location with high visibility and ample parking.
      2700 S Pacific Coast Hwy, Torrance, CA 90505
      View Details
    • Contact for pricing

      Torrance Office Campus Leasing Opportunity

      Multi-tenant office campus in Central Torrance Business District for lease.
      3838-3878 Carson St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Prime Torrance Location on Western

      Modern office spaces with customizable floor plans and ample parking.
      S Western Ave, Torrance, CA 90501
      View Details
    • Contact for pricing

      Torrance Office and Medical Campus

      Mixed-use campus with office and medical spaces in Torrance.
      21515-21605 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • Contact for pricing
      2,300 SF

      Torrance Drive-Thru Development Opportunity

      Prime corner lot ideal for QSR or fast-casual brands.
      2150 Artesia Blvd, Torrance, CA 90504
      View Details
    • $2 SF/Yr
      3,980 SF

      Torrance Retail Space on Hawthorne

      Retail space in active Torrance shopping center with high visibility.
      20912-20914 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $2,300 /Mo

      Torrance Apartments with Modern Amenities

      Apartment community in Torrance with pool, fitness center, and more.
      4160 W 182Nd St, Torrance, CA 90504
      View Details
    • $2 SF/Yr
      16,000 SF

      Torrance Retail/Medical End Cap Suite

      Retail or medical space with ample parking and natural light.
      23827-29 Hawthorne Blvd, Torrance, CA 90505
      View Details
    • $12 SF/Yr
      6,033 SF

      Torrance Office Space for Lease

      Flexible Workspace Solutions in Torrance, CA
      23820 Hawthorne Blvd, Torrance, CA 90505
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for rent in Torrance, California.
    Where is this office space located?
    The property is located at 21515 Hawthorne Blvd Torrance, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - 3rd floor office space
    (310) 567-0950
    Request Owner's contact information
    21515 Hawthorne Blvd Torrance, CA 90503
    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.
    21515 Hawthorne Blvd
    Torrance, CA 90503
    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
    21515 Hawthorne Blvd Torrance, CA 90503
    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
    Eric Lastition
    (310) 567-0950
    Learn more
    Google sign-in failed. Please try again or use another login method.