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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1115 190th St Gardena, CA 90248-4303

    • Auto shops
    • 11,704 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2023
    $5,500,055
    Value Estimations
    $5,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7542286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Liberty Beach Center / Cannabis Store

    Property Details for 1115 190th St

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Lot size
    0.42 lot acres
    Property size
    11,704 SF
    Zone code
    LAMR1
    Property type
    Auto shops
    APN
    7351-028-010
    APU
    7351028010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,640,000
      ML approach
      $5,700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,007,000
      Market price range: $859k - $4.02M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $7,550,000
      Current use
      RESTAURANT
      $7,620,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,125,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.295
    Latitude
    33.859
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69,703
    $2,550,000
    $3,060,000
    $5,610,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      4,150 SF

      406 Alondra Blvd

      AUTO REPAIR, GARAGE • 4,150 SF
      406 Alondra Blvd, Gardena, CA 90248-2902
      View Details
    • Value Estimation
      $305,000
      4,000 SF

      229 Redondo Bch Blvd

      AUTO REPAIR, GARAGE • 4,000 SF
      229 Redondo Bch Blvd, Gardena, CA 90248-2308
      View Details
    • Value Estimation
      $400,000
      4,418 SF

      18512 Normandie Ave

      AUTO REPAIR, GARAGE • 4,418 SF
      18512 Normandie Ave, Gardena, CA 90248
      View Details
    • Value Estimation
      $295,000
      9,450 SF

      16620 Main St

      AUTO REPAIR, GARAGE • 9,450 SF
      16620 Main St, Gardena, CA 90248-2723
      View Details
    • Value Estimation
      $5,095,000
      26,731 SF

      115 Gardena Blvd

      AUTO REPAIR, GARAGE • 26,731 SF
      115 Gardena Blvd, Gardena, CA 90248-2843
      View Details
    • Value Estimation
      $810,000
      8,400 SF

      606 140th St

      AUTO REPAIR, GARAGE • 8,400 SF
      606 140th St, Gardena, CA 90248-1512
      View Details

    Similar Nearby for Sale

    • $4,700,000
      6,327 SF

      Gardena Car Wash - Prime Location

      Turn-key car wash, high-end equipment, huge lot.
      16101 Avalon Blvd, Gardena, CA 90248
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    • $2,075,000

      Car Wash and Vacant Lot

      Car wash and vacant lot on a major corner.
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    • $1,275,000

      Industrial Storefront with Ample Parking

      Industrial storefront with offices, workshop, and parking for sale.
      16911 S Broadway, Gardena, CA 90248
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    • $5,500,000
      19,292 SF

      400 Alondra Blvd, Gardena, CA 90248

      Industrial properties • 19,292 SF
      400 Alondra Blvd, Gardena, CA 90248
      View Details
    • $6,738,325
      24,503 SF

      Freestanding Building with Yard

      Industrial building with office space, yard, and freeway access.
      15916 S Figueroa St, Gardena, CA 90248
      View Details
    • Contact for pricing
      37,500 SF

      Gardena Warehouse with Fenced Yard

      Warehouse in Gardena with convenient freeway access and fenced yard.
      15777 S Broadway, Gardena, CA 90248
      View Details

    Similar Nearby for Lease

    • $1.90 SF/Yr
      7,395 SF

      Gardena Blvd Multi-Tenant Building

      Multi-tenant building with automotive use permitted and frontage on Gardena.
      123 E Gardena Blvd, Gardena, CA 90248
      View Details
    • Contact for pricing
      85,377 SF

      Gardena Land for Lease

      1.96 acres of paved, lit, and secured land available.
      14930 S Main St, Gardena, CA 90248
      View Details
    • Contact for pricing
      457,380 SF

      Gardena Retail Land Opportunity

      Prime 10.5-acre retail site, fully vacant.
      777 190Th St, Gardena, CA 90248
      View Details
    • $0.99 SF/Yr
      25,192 SF

      Gardena Warehouse/Distribution/Retail Opportunity

      Warehouse, distribution, showroom, and retail uses near 405 Freeway.
      1361 W 190Th St, Gardena, CA 90248
      View Details
    • $39 SF/Yr
      107,855 SF

      Gardena Office Space For Lease

      Prime Gardena Office, Restaurant Space Available
      879 190Th St, Gardena, CA 90248
      View Details
    • $15 SF/Yr
      38,238 SF

      Gardena Industrial Manufacturing Space

      Spacious Gardena manufacturing facility available.
      15934 Figueroa St, Gardena, CA 90248
      View Details
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    Gardena, CA 90248-4303
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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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