Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23230 Normandie Ave Torrance, CA 90502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Small units available in a multi-tenant industrial building.

    Property Features for 23230 Normandie Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Brian Hart
    Source: Crexi

    Listing Agency: WESTMAC Listing Agent: Brian Hart

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

    Learn more

    Overview

    Torrance Industrial Flex Space Available

    Located in Torrance, California, this property offers small units within a multi-tenant industrial building. The property is suitable for flex space and other commercial real estate purposes.
    Location Intelligence

    Current Use by Public Records

    Udero B Albet ... Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

    Similar Places Nearby

    South Bay Food Company, The Quenchiest Bartender, The Deviled Hen, Asiana Cuisine Enterprises, Carnival Foods, Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.2979709
    Latitude
    33.8143403

    Nearby Similar for Lease

    • Contact for pricing
      11,600 SF

      Flexible Space in Old Torrance

      2528 SF space for lease in downtown Torrance.
      1321 Sartori Ave, Torrance, CA 90501
      View Details
    • Contact for pricing

      CA, Torrance - Hawthorne Blvd

      Workspaces, services and support to help you work better in CA, San Bernadino - Arrowhead Ave
      23820 Hawthorne Blvd, Torrance, CA 23820
      View Details
    • Sponsored
      Contact for pricing

      Del Amo

      Discover many ways to work your way in Del Amo
      21515 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $14,820 /Mo

      Torrance Office Building For Lease

      Two-story office building in Torrance with flexible layout.
      2321 Torrance Blvd, Torrance, CA 90501
      View Details
    • Contact for pricing

      CA, Torrance - Skypark Ave

      Discover many ways to work your way in CA, Torrance - Skypark Ave
      2790 Skypark Ave, Torrance, CA 90505
      View Details
    • $750 /Mo

      Torrance Creative Office Suites

      Flexible office suites suitable for creative office uses.
      23505 Crenshaw Blvd, Torrance, CA 90505
      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 Freestanding Building For Lease

      Two-story building with preschool and office space in Torrance.
      19801 Mariner Ave, Torrance, CA 90503
      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
    • $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
    • $735 /Mo

      Torrance Office Space For Rent

      Functional office space in Torrance, ideal for small business.
      2780 Sepulveda Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Retail Space with Urban Design

      Commercial space featuring artist loft concept and high-end finishes.
      1417 Marcelina Ave, Torrance, CA 90501
      View Details

    FAQs

    What type of property is this?
    Flex space - Small units available in a multi-tenant industrial building.
    Where is this flex space located?
    The property is located at 23230 Normandie Ave Torrance, CA.
    What are key features of this property?
    This property features: - Small Units; - Multi-Tenant Building; - Industrial Building
    Request Owner's contact information
    23230 Normandie Ave Torrance, CA 90502
    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.
    23230 Normandie Ave
    Torrance, CA 90502
    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
    23230 Normandie Ave Torrance, CA 90502
    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
    Brian Hart
    Real Estate License ID: 01429000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!