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    Property profile & analytics

    1248 134Th St Gardena, CA 90247

    • Warehouses
    • 17,730 SF
    • 0.70 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    $810,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6430547
    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

    • Alchemy of Baking / Bakery
    • Havsies / Popcorn Store

    Property Details for 1248 134Th St

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.70 lot acres
    Property size
    17,730 SF
    Zone code
    GAM1
    Property type
    Warehouses
    APN
    6115-004-039
    APU
    6115004039

    Description

    This 1,980-square-foot industrial warehouse in Gardena, CA (90247), is part of a well-maintained multi-unit building. The property is zoned M1 and features a 14-foot ceiling height, one loading dock, and a roll-up overhead warehouse door. There are three total parking spaces available, and the building offers 200A power. The unit includes an office and restroom. This versatile space is suitable for various industrial uses, including manufacturing and potentially food processing (some units are ideal for baking). Its prime location offers easy access to the 110 freeway (several blocks away), making transportation and logistics convenient. The property benefits from security gates for both the office and parking lot, ensuring a secure environment. The building is under excellent management, ensuring a clean and well-maintained property. This is a single available space in a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,003,000
      Market price range: $1.00M - $2.20M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.298
    Latitude
    33.9104
    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
    $16,116
    $375,371
    $729,827
    $1,105,198
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $465,000
      6,640 SF

      17008 Gramercy Pl

      WAREHOUSE, STORAGE • 6,640 SF
      17008 Gramercy Pl, Gardena, CA 90247-5209
      View Details
    • Value Estimation
      $675,000
      18,520 SF

      1221 130th St

      WAREHOUSE, STORAGE • 18,520 SF
      1221 130th St, Gardena, CA 90247-1501
      View Details
    • Value Estimation
      $1,060,000
      10,381 SF

      1339 134th St

      WAREHOUSE, STORAGE • 10,381 SF
      1339 134th St, Gardena, CA 90247-1935
      View Details
    • Value Estimation
      $800,000
      10,338 SF

      1219 135th St

      WAREHOUSE, STORAGE • 10,338 SF
      1219 135th St, Gardena, CA 90247-1906
      View Details
    • Value Estimation
      $1,070,000
      3,128 SF

      16820 Western Ave

      WAREHOUSE, STORAGE • 3,128 SF
      16820 Western Ave, Gardena, CA 90247-5218
      View Details
    • Value Estimation
      $300,000
      16,300 SF

      17005 Western Ave

      WAREHOUSE, STORAGE • 16,300 SF
      17005 Western Ave, Gardena, CA 90247-5221
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1.45 SF/Yr
      14,040 SF

      Gardena Warehouse with Secure Yard

      14,040 SF warehouse with fenced and paved yard.
      1215 W 132Nd St, Gardena, CA 90247
      View Details
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    • $22 SF/Yr
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      Gardena Industrial Warehouse Space

      1,980 SF Warehouse, Excellent Location
      1248 134Th St, Gardena, CA 90247
      View Details
    • $22 SF/Yr
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      Gardena Industrial Warehouse Space

      Modern warehouse, 2,064 sq ft, great access.
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      View Details
    • $0.99 SF/Yr
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      Gardena Flex Space For Lease

      Flex space available for lease in Gardena, California.
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      View Details
    • $1.19 SF/Yr
      7,850 SF

      Freestanding Building with Fenced Yard

      Lease opportunity: 7,850 SF building with yard and parking.
      1245 W 132Nd St, Gardena, CA 90247
      View Details
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    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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