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    17123 Western Ave Gardena, CA 90247-5223
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    Property profile & analytics

    17123 Western Ave, Gardena, CA 90247-5223

    View on Map
    • Retail space
    • 4,112 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Aug 31, 2022
    $1,350,013
    Property ID
    US09-7748944
    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.
    Value Estimations
    $1,350,000
    Show details
    Cap Rate Potential
    7.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 17123 Western Ave

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Zone code
    GAC3
    Property type
    Retail space
    APN
    4094-006-008
    APU
    4094006008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 31, 2022 $1,350,000 Qfl Properties LLC David W Spears Grant Deed $675k · Bank Of America NA
    Aug 31, 2022 — Ofl Properties LLC — Deed · related $557k · The Mortgage Capital Development Corp
    Sep 30, 2019 — David W Spears — Deed · related $150k · Bank Of The West
    Apr 21, 2004 $600,000 David W Spears Liu,an-hsia & Wen S Grant Deed $359k · Zions First National Bank
    Aug 30, 1993 $199,000 An-hsia Liu Jensen,william H Grant Deed $134k · Seller
    Oct 28, 1992 — William H Jensen — Deed Of Trust · related —
    — — David W Spears — Deed Of Trust · related $350k · Bank Of The West
    — — David W Spears — Deed Of Trust · related $150k · Bank Of The West
    — — David W Spears — Deed Of Trust · related $75k · First Coastal Bank
    — — David W Spears — Deed Of Trust · related $185k · Edf Resource Capital INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,245,000
      ML approach
      $1,505,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,400,000
      7%
      $1,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,307,000
      Market price range: $420k - $1.31M
      AI Estimate
      $926,000
      Market price range: $273k - $926k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $965,000
      Current use
      MEDICAL BUILDING
      $1,870,000
      Change: +94% Conversion: Difficult
      OFFICE BUILDING
      $1,315,000
      Change: +36% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,315,000
      Change: +36% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,155,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardena
    County
    Los Angeles
    State
    California
    Longitude
    -118.31
    Latitude
    33.8751
    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
    $17,347
    $969,000
    $408,000
    $1,377,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,015,000
      3,125 SF

      14225 Vermont Ave

      RETAIL STORES (PERSONAL SERVICES)
      14225 Vermont Ave, Gardena, CA 90247-2207
      View Details
    • Value Estimation by Request
      1,500 SF

      1007 Gardena Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1007 Gardena Blvd, Gardena, CA 90247-4905
      View Details
    • Value Estimation by Request
      4,635 SF

      1004 Gardena Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1004 Gardena Blvd, Gardena, CA 90247-4906
      View Details
    • Value Estimation by Request
      6,340 SF

      708 Gardena Blvd

      RETAIL STORES (PERSONAL SERVICES)
      708 Gardena Blvd, Gardena, CA 90247
      View Details
    • Value Estimation by Request
      1,500 SF

      837 Gardena Blvd

      RETAIL STORES (PERSONAL SERVICES)
      837 Gardena Blvd, Gardena, CA 90247-4964
      View Details
    • Value Estimation by Request
      1,330 SF

      16440 Western Ave

      RETAIL STORES (PERSONAL SERVICES)
      16440 Western Ave, Gardena, CA 90247-4636
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,200 SF

      Retail/Manufacturing Building For Sale

      3,200 SF building suitable for retail or manufacturing.
      809 W Gardena Blvd, Gardena, CA 90247
      View Details
    • $1,249,000

      Retail Operations and Motorcycle Shop

      Two retail operations including a restaurant and motorcycle shop.
      16616-16622 Normandie Ave, Gardena, CA 90247
      View Details
    • $899,000

      Gardena Retail Buildings For Sale

      Two buildings in Gardena, suitable for owner-user or investor.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      Office/Medical/Retail Units For Lease

      Two contiguous units available for lease, suitable for office/retail.
      16320-16332 S Western Ave, Gardena, CA 90247
      View Details
    • Contact for pricing

      Shell Space in High-Traffic Location

      Customizable shell space with high visibility and ample parking.
      16407 Normandie Ave, Gardena, CA 90247
      View Details
    • Contact for pricing

      Retail Space in Gardena

      Single tenant retail space available for rent in Gardena.
      844 W Gardena Blvd, Gardena, CA 90247
      View Details
    • $2,756 /Mo

      Retail or Office Space Available

      Retail or office space in prime Gardena area.
      16127 S Western Ave, Gardena, CA 90247
      View Details
    • $1,100 /Mo
      800 SF

      Gardena Commercial Space For Lease

      Commercial space available for lease in Gardena, California.
      16815 Western Ave, Gardena, CA 90247
      View Details
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    Gardena, CA 90247-5223
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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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