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    500 Pacific Coast Hwy Redondo Beach, CA 90277-2103
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    Property profile & analytics

    500 Pacific Coast Hwy, Redondo Beach, CA 90277-2103

    View on Map
    • Auto shops
    • 9,121 SF
    • 0.50 lot acres
    Off-Market
    Last Sale Aug 30, 2022
    $8,421,084
    Property ID
    US10-0394959
    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
    $8,155,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Firestone Complete Auto Care / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Flower Delivery Redondo Beach / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 500 Pacific Coast Hwy

    Year built
    1954
    Construction
    TILT-UP CONCRETE
    Lot size
    0.50 lot acres
    Zone code
    RBC-2B
    Property type
    Auto shops
    APN
    7503-006-005
    APU
    7503006005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2022 $8,421,000 Ap Sandman LLC Rb Cb LLC Grant Deed —
    Jan 8, 2019 $6,000,000 Rb Cb LLC Bridgestone Retail Operations LLC Grant Deed $1.6M · Psl Austin Lending LLC
    May 20, 2002 — Retail Bfs Bridgestone Quit Claim Deed · related —
    Sep 6, 1991 $15,500 Bridgestone Firestone INC Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,040,000
      ML approach
      $8,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,764,000
      Market price range: $1.82M - $7.76M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,420,000
      RESTAURANT
      $5,940,000
      NEIGHBORHOOD: SHOPPING CENTER
      $5,550,000
      COMMERCIAL (GENERAL)
      $5,315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.388
    Latitude
    33.8497
    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
    $96,722
    $5,100,000
    $3,489,420
    $8,589,420
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,700,000
      966 SF

      406 Pacific Coast Hwy

      AUTO REPAIR, GARAGE
      406 Pacific Coast Hwy, Redondo Beach, CA 90277-2806
      View Details
    • Value Estimation by Request
      1,470 SF

      1007 Torrance Blvd

      AUTO REPAIR, GARAGE
      1007 Torrance Blvd, Redondo Beach, CA 90277-3535
      View Details
    • Value Estimation by Request
      2,240 SF

      636 Torrance Blvd

      AUTO REPAIR, GARAGE
      636 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Value Estimation by Request
      1,152 SF

      832 Torrance Blvd

      AUTO REPAIR, GARAGE
      832 Torrance Blvd, Redondo Beach, CA 90277-3528
      View Details
    • Value Estimation by Request
      1,863 SF

      1920 Catalina Ave

      AUTO REPAIR, GARAGE
      1920 Catalina Ave, Redondo Beach, CA 90277-5514
      View Details
    • Value Estimation
      $4,235,000
      1,374 SF

      818 Irena Ave

      AUTO REPAIR, GARAGE
      818 Irena Ave, Redondo Beach, CA 90277-2224
      View Details

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      11,666 SF

      1300 S Pacific Coast Hwy, Redondo Beach, CA 90277

      Retail space
      1300 S Pacific Coast Hwy, Redondo Beach, CA 90277
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      Redondo Beach Retail Opportunity

      Retail property with high occupancy and value-add potential.
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      2,500 SF

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      Landmark two-story building with separate upstairs and downstairs spaces, including a church-leased office suite.
      165 Palos Verdes Blvd, Redondo Beach, CA 90277
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    Similar Nearby for Lease

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      South Redondo Ground-Floor Retail/Office Space

      820 SF ground-floor unit in South Redondo for lease.
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      Fully Leased Retail Property

      Retail property in Redondo Beach, CA, currently 100% leased.
      1202-1262 Beryl St, Redondo Beach, CA 90277
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      PCH Live/Work Opportunity

      Retail storefront with residential/office component in Redondo Beach.
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      Retail Space For Lease

      Retail space available for lease in Redondo Beach, CA.
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      View Details
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    Redondo Beach, CA 90277-2103
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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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    500 Pacific Coast Hwy, Redondo Beach, CA, 90277
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