Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5215 Torrance Blvd Torrance, CA 90503-4009

    • Parking lots & garages
    • 25,000 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0070554
    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

    • City of Hope South Bay / Cancer Treatment Center / Specialized Clinic
    • Reza Mostofi, M.D. | Medical Oncologist and Hematologist / Doctor
    • Dr. Diane J. Prager, M.D. / Doctor / Oncologist
    • Moshe Faynsod, M.D. | Surgical Oncologist / Surgeon
    • Jean-Philippe Langevin, MD / Doctor / Hospital

    Property Details for 5215 Torrance Blvd

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.67 lot acres
    Property size
    25,000 SF
    Zone code
    TOCC-GEN
    Property type
    Parking lots & garages
    APN
    7516-001-033
    APU
    7516001033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.371
    Latitude
    33.8371
    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
    $340
    $637,260
    $14,470
    $651,730
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $720,000
      22,000 SF

      4605 Torrance Blvd

      PARKING LOT • 22,000 SF
      4605 Torrance Blvd, Torrance, CA 90503
      View Details
    • Value Estimation
      $635,000
      35,510 SF

      20020 Hawthorne Blvd

      PARKING LOT • 35,510 SF
      20020 Hawthorne Blvd, Torrance, CA 90503-1518
      View Details
    • Value Estimation
      $4,450,000
      411,000 SF

      Torrance, CA 90503

      PARKING LOT • 411,000 SF
      Torrance, CA 90503
      View Details
    • Value Estimation by Request
      2,440 SF

      3465 Torrance Blvd Ste M

      PARKING GARAGE, PARKING STRUCTURE • 2,440 SF
      3465 Torrance Blvd Ste M, Torrance, CA 90503-5804
      View Details
    • Value Estimation
      $5,935,000
      1.14 Acres

      Torrance, CA 90503

      PARKING LOT • 1.14 Acres
      Torrance, CA 90503
      View Details
    • Value Estimation
      $14,195,000
      344,459 SF

      Torrance, CA 90503

      PARKING LOT • 344,459 SF
      Torrance, CA 90503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Torrance Retail Space - PCH Frontage

      High-visibility retail space, prime Torrance location.
      3801, Torrance, CA 90503
      View Details
    • Contact for pricing
      6,640 SF

      Freestanding Warehouse Building For Sale

      Freestanding warehouse with 24' clear height and solar panels.
      2862 Columbia St, Torrance, CA 90503
      View Details
    • $749,000
      1,336 SF

      Updated Townhome-Style Condo in Torrance

      Updated 2-bedroom, 2.5-bath condo in West Torrance with modern amenities.
      3520 Maricopa St, Torrance, CA 90503
      View Details
    • $16,136,400
      46,097 SF

      Torrance Warehouse with Large Yard

      Warehouse property in Torrance featuring heavy power and dock access.
      2715-2815 Columbia St, Torrance, CA 90503
      View Details
    • $465,000
      818 SF

      Torrance Medical Office Condo

      Turnkey Medical Office, Prime Location
      4305 Torrance Blvd, Torrance, CA 90503
      View Details
    • $649,000

      Torrance Apartment with Pool View

      Stylish Torrance apartment with remodeled kitchen, balcony, and pool view.
      3030 Merrill Dr, Torrance, CA 90503
      View Details

    Similar Nearby for Lease

    • $87 SF/Yr
      48 SF

      Torrance Retail Space - Hawthorne Blvd

      7,318 SF Retail Sublease Opportunity
      21035 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $31 SF/Yr
      5,282 SF

      Anza Plaza Medical Office Space

      Torrance medical office, 1,802 sq ft available
      20100-20120 Anza Ave, Torrance, CA 90503
      View Details
    • $18 SF/Yr
      8,300 SF

      Torrance Blvd Retail Spaces Available

      Prime Torrance location, multiple spaces, ample parking.
      4625-4705 Torrance Blvd, Torrance, CA 90503
      View Details
    • $45 SF/Yr
      98,090 SF

      Best Plaza Shopping Center

      Torrance Retail Center, 98,090 SF
      20020 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $2 SF/Yr
      3,980 SF

      Torrance Retail Space on Hawthorne

      Retail space in active Torrance shopping center with high visibility.
      20912-20914 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • Contact for pricing
      86,444 SF

      Torrance Retail Space For Lease

      Prime retail space in a high-traffic Torrance location.
      1141-1259 W Carson St, Torrance, CA 90503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5215 Torrance Blvd
    Torrance, CA 90503-4009
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.