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Property profile & analytics
OFF-MARKET
Estimated value
$4,250,000
Manufacturing properties
23875 Madison St, Torrance, CA 90505-6008
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0073272
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
TILT-UP CONCRETE
Total area
24,534 SF
Lot
1.02 ac (44,230 SF)
Zoning code
TOMI-LT
APN
7378-011-049
UPID
US10-0073272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
Labib Properties Madison LLC · 6 yrs held
Labib Properties Madison LLC
since 2019
7 recorded transactions
Zoning & alternative use
TOMI-LT · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Torrance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Torrance submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,080,000
6.5%
$4,690,000
7%
$4,355,000
Blend value · Realmo final
$4.25M
Range $3.83M – $4.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$82,427
Tax year 2024
Assessed value
$7,076,531
Assessed 2024
Previous assessed
$7,076,531
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,288,807
Assessed improvement
$2,787,724
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
24,534 SF
Lot
1.02 ac (44,230 SF)
Zoning code
TOMI-LT
APN
7378-011-049
UPID
US10-0073272
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOMI-LT · Torrance, CA
Zoning TOMI-LT · permitted uses
TOMI-LT · Torrance, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Torrance. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Labib Properties Madison LLC
Entity
Mailing address
319 MAIN ST, EL SEGUNDO, CA 90245-3814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
—
Labib Properties Madison LLC
Labib Properties 209 El Segundo LLC
Grant Deed
$3,900,000 · Friendly Hills Bank
Apr 17, 2015
$4,500,000
Labib Properties 209 El Segundo LLC
Darren C Moore
Grant Deed
$3,150,000 · Friendly Hills Bank
Apr 17, 2015
—
Moore,darren C Trust
Toa Investments LLC
Grant Deed
—
Feb 6, 2014
—
Toa Investments LLC
Moore Darren C Trust
Quit Claim Deed
related
—
Jan 16, 2014
$3,769,000
Moore,darren C Trust
19 Madison Street LLC
Grant Deed
—
Jan 16, 2014
—
19 Madison Street LLC
Conrow Family Trust
Grant Deed
—
Aug 1, 2013
—
Conrow Family Trust
Conrow Family Trust
Quit Claim Deed
related
$700,000 · First Republic Bank
May 24, 2007
—
Conrow Family Trust
Conrow,jerry L & Carole
Quit Claim Deed
related
—
—
—
Conrow Jerry L
—
Deed Of Trust
related
$300,000 · General Bank
—
—
Edmund H Conrow
—
Deed Of Trust
related
$265,000 · First California Mortgage Co
—
—
Labib Properties 209 El Segund
—
Loan Modification
related
$3,150,000 · Friendly Hills Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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