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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8415 State St South Gate, CA 90280-2325

    • Retail space
    • 3,200 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2021
    $545,005
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8701111
    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

    • LA TRANSMISSION TECH / Auto Repair Shop / Car Repair And Maintenance Service
    • Martin's TV & Radio Center / Television Repair Service

    Property Details for 8415 State St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    3,200 SF
    Zone code
    SGC3*
    Property type
    Retail space
    APN
    6211-008-018
    APU
    6211008018

    Description

    This exceptional South Gate property, located at 8415 State St, 90280, offers 3,200 square feet of versatile office and retail space for lease. The single-story building, constructed in 1940, features eight individual suites, each ranging from 500 to 600 square feet. The property is zoned SGC3 and is ideally suited for multiple tenants seeking a convenient and accessible location. Situated on State Street near Liberty, this property boasts unparalleled access to major transportation arteries, including the 105, 110, and 710 freeways, ensuring seamless commutes for employees and clients. Its central location within the vibrant South Gate community provides businesses with high visibility and proximity to a diverse customer base. This is a rare opportunity to secure prime commercial space in a thriving area, offering a blend of historical charm and modern convenience. The property's traditional office subtype makes it suitable for a variety of businesses, from small startups to established enterprises. Don't miss this chance to establish your business in a highly desirable and easily accessible location. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $490,000
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $586,000
      Market price range: $389k - $983k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $680,000
      Current use
      COMMERCIAL (GENERAL)
      $680,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Gate
    County
    Los Angeles
    State
    California
    Longitude
    -118.212
    Latitude
    33.9602
    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
    $6,061
    $260,100
    $171,666
    $431,766
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,990,000
      24,000 SF

      5831 Firestone Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,000 SF
      5831 Firestone Blvd, South Gate, CA 90280-3718
      View Details
    • Value Estimation
      $890,000
      4,050 SF

      13223 Paramount Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      13223 Paramount Blvd, South Gate, CA 90280-7912
      View Details
    • Value Estimation by Request
      1,187 SF

      13529 Paramount Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,187 SF
      13529 Paramount Blvd, South Gate, CA 90280-8256
      View Details
    • Value Estimation by Request
      1,700 SF

      2722 Firestone Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,700 SF
      2722 Firestone Blvd, South Gate, CA 90280
      View Details
    • Value Estimation
      $1,290,000
      8,060 SF

      3221 Tweedy Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,060 SF
      3221 Tweedy Blvd, South Gate, CA 90280-4326
      View Details
    • Value Estimation
      $625,000
      2,030 SF

      8932 State St

      RETAIL STORES (PERSONAL SERVICES) • 2,030 SF
      8932 State St, South Gate, CA 90280-2926
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property With Income Potential

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    Similar Nearby for Lease

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      Retail property with 11,029 square feet available for lease.
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      View Details
    • $2 SF/Yr
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    • Contact for pricing
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    • Contact for pricing

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      View Details
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    8415 State St
    South Gate, CA 90280-2325
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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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