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    Property profile & analytics

    16137 Vermont Ave Gardena, CA 90247

    • Specialty properties
    • 6,320 SF
    For Sale
    View listing
    $1,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 16137 Vermont Ave

    Year built
    1948
    Property size
    6,320 SF
    Property type
    Specialty properties
    Property subtype
    Retail properties

    Description

    This exceptional Gardena, CA commercial property presents a unique investment opportunity. Located at the high-traffic corner of Vermont Avenue and 164th Street (approximately 19,000 vehicles daily), this 16,426 sq ft lot features three buildings totaling 6,320 sq ft of net rentable space. The property includes two parcels, with one building (3,259 sq ft) vacant and ready for immediate use, and another (2,472 sq ft) currently occupied month-to-month by an auto body shop. A third structure provides additional storage. Constructed in 1948, the buildings are of concrete block construction and boast 14-foot ceilings. The property features five loading docks and is zoned GAC3, permitting diverse commercial uses including automotive, retail, and fast-food establishments with drive-thrus. A permitted automotive spray booth adds further versatility. This prime location offers convenient freeway access, less than half a mile from an on-ramp, making it ideal for owner-users, investors, or developers seeking redevelopment potential. The asking price is $1,800,000. The property's high visibility and flexible zoning make it an attractive investment in a desirable Gardena location. This is a fee-simple ownership opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.291
    Latitude
    33.8825

    Comparable in this City

    • Value Estimation by Request

      1237 134Th St

      Distribution properties
      1237 134Th St, Gardena, CA 90247
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    • Value Estimation
      $875,000
      2,560 SF

      1332 Gardena Blvd

      AUTO REPAIR, GARAGE • 2,560 SF
      1332 Gardena Blvd, Gardena, CA 90247-4828
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    • Value Estimation
      $3,095,000
      9,210 SF

      1735 Gardena Blvd

      AUTO REPAIR, GARAGE • 9,210 SF
      1735 Gardena Blvd, Gardena, CA 90247-4726
      View Details
    • Value Estimation by Request
      3,061 SF

      1011 164th St

      AUTO REPAIR, GARAGE • 3,061 SF
      1011 164th St, Gardena, CA 90247
      View Details
    • Value Estimation by Request
      5,844 SF

      1830 Redondo Bch Blvd

      AUTO REPAIR, GARAGE • 5,844 SF
      1830 Redondo Bch Blvd, Gardena, CA 90247-3650
      View Details
    • Value Estimation by Request
      2,820 SF

      16805 Vermont Ave

      AUTO REPAIR, GARAGE • 2,820 SF
      16805 Vermont Ave, Gardena, CA 90247-5618
      View Details

    Similar Nearby for Sale

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      Gardena Auto Repair Shop

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    Similar Nearby for Lease

    • $22 SF/Yr
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      Gardena Industrial Warehouse Space

      1,980 SF Warehouse, Excellent Location
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      Gardena Industrial Warehouse Space

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      Gardena Warehouse: 1410 SF Available

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    • $1.50 SF/Yr
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      Gardena Retail Space: Prime Location

      1,500 SF Vacant Retail Space in Gardena, CA
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    • $1.45 SF/Yr
      14,040 SF

      Gardena Warehouse with Secure Yard

      14,040 SF warehouse with fenced and paved yard.
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    • $1.54 SF/Yr
      3,780 SF

      Creative Flex/Office Space Available

      Vacant creative flex/office space ready for immediate occupancy.
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    16137 Vermont Ave
    Gardena, CA 90247
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    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
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