Industrial Flex Condominium For
For Sale
$2,750,811
Pending
2227 W 190th St, Torrance, CA 90504
Two-story industrial flex condominium with 7,563 square feet available.
Property Size7,563 SF
Lot Size6.39 Acres
Days on Market154
Property Features for 2227 W 190th St
General Information
Standard status
Pending
Size
7,563 SF
Lot size
6.39 Acres
Property subtype
Commercial
Building Details
Building Size
7,563 SF
Year Built
2005
Listing Agency:
IRN Realty
(626) 780-9618
Listed By:
Eunice Cheng · License #01176106
(626) 780-9618
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 2:08PM
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 IRN Realty
Investment Insights
Based on property information with market context.
The subject property is a two-story industrial flex condominium. The building has a total gross and net rentable area of 7,563 square feet.
Key Highlights
- 7,563 square feet of industrial flex space provides ample room for various business needs.
- Two‑story condominium.
- Built in 2005.
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
$93,952
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
3.42%
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%
$1,879,040
$1.9M
Cap Rate 7%
$1,342,171
$1.3M
Cap Rate 9%
$1,043,911
$1.0M
Market Conditions
NOI Build-Up for 7,563 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
$143.4K $18.96/SF
− Vacancy
−$9.2K −$1.21/SF
EGI
$134.2K $17.75/SF
− OpEx
−$40.3K −$5.32/SF
NOI
$94.0K $12.42/SF
Area
Torrance, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$1,879,040
Cap Rate 7%
$1,342,171
Cap Rate 9%
$1,043,911
Alternative Uses
Best Use
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,952 @ 7.0% cap · market cap 3.42%
Second Best
Flex RnD
$1.25M
$1.09M – $1.45M
NOI $87,241 @ 7.0% cap · market cap 3.17%
Theoretical Best
Multifamily LT 5
$153.22M
$134.07M – $178.76M
NOI $10,725,529 @ 7.0% cap · market cap 389.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90504, CA
32,503
Population
12,328
Households
2.6
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
7,387
Density / Sq Mi
$105,474
Median Household Income
$55,683
Median Earnings
$2,225
Median Rent
$897,100
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.
Similar Off Market Nearby
- MBM Hospitality — 2303 W 190th St, Torrance, CA 90504
- Made by Meg — 2303 W 190th St, Torrance, CA 90504
Frequently Asked Questions
What type of property is this?
Flex space - Two-story industrial flex condominium with 7,563 square feet available.
Where is this flex space located?
The property is located at 2227 W 190th St Torrance, CA.
What is the asking price?
The asking price for this property is $2,750,811.
What are key features of this property?
This property features: 7,563 square feet of industrial flex space provides ample room for various business needs.; Two‑story condominium.; Built in 2005.
