Add Listing
    For Lease
    • 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

    21211 Nordhoff St Chatsworth, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story office space with secured parking and freeway access.

    Type:OFFICE
    Property size:
    45,000 SF
    Lot size:
    3.73 Acres
    Added:
    Oct 6, 2021
    Days on Market:
    1663
    Last Refresh:
    Apr 5 at 8:10 pm

    Property Features for 21211 Nordhoff St

    General Information

    Standard status
    Active
    Size
    45,000 SF
    Lot size
    3.73 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 21211 Nordhoff St Contact us

    We can help!

    Listing Contact
    Victor Sampson

    Listing agent Victor Sampson

    Listing office CBC

    Listing date Oct 6, 2021

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBC

    Overview

    Two-Story Office Space Available

    This two-story office space features a three-level secured card entry parking system with a maximum clearance of 6'7". The property benefits from major street frontage on Nordhoff Street and is fully equipped with HVAC throughout. Elevator service is available. Its location provides easy access to the broader Los Angeles region via the 118, 405, 5, 170, and 101 Freeways. The property is also situated in close proximity to retail amenities. The available space totals 45000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IT Creations, Inc. Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chatsworth
    County
    Los Angeles
    State
    California
    Longitude
    -118.594
    Latitude
    34.2356

    Nearby Similar for Lease

    • $950/Mo

      Chatsworth Commercial Space Available

      Functional commercial space in Chatsworth, CA, suitable for various businesses.
      21220 Devonshire, Chatsworth, CA 91311
      View Details
    • $1.50 SF/Yr

      Chatsworth Flex Space Available

      Flex space with office and roll-up doors in Chatsworth.
      9627-9629 Owensmouth Ave, Chatsworth, CA 91311
      View Details
    • $1.55 SF/Yr

      Chatsworth Industrial Park for Lease

      Industrial park featuring warehouses, industrial properties, and office spaces for lease.
      9301-9325 Eton Ave, Chatsworth, CA 91311
      View Details
    • $2 SF/Yr

      Renovated Office Space Available

      Recently renovated office space with convenient freeway access.
      9301 Oakdale Avenue, Chatsworth, CA, 91311
      View Details
    • $1.55 SF/Yr

      Chatsworth Industrial Building For Rent

      Industrial building in Chatsworth with heavy power and dock loading.
      9541 Mason Ave, Chatsworth, CA 91311
      View Details
    • $1.53 SF/Yr

      Industrial Space for Lease

      Industrial property available for lease in Los Angeles.
      9320 Deering Avenue, Chatsworth, CA 91311
      View Details
    • $1.53 SF/Yr

      Chatsworth Flex Space For Rent

      Flex space available in Northpark Industrial Center, Chatsworth, CA.
      9304-9320 Deering Ave, Chatsworth, CA
      View Details
    • $1.49 SF/Yr

      Flex Space in Business Park

      Flex space with ground level doors in business park.
      9421 Winnetka Avenue, Chatsworth, CA, 91311
      View Details
    • $1.55 SF/Yr

      Industrial Condominium with Remodeled Office

      High-image industrial condominium featuring excellent loading and remodeled office space.
      9155 Alabama Avenue, Chatsworth, CA
      View Details
    • $1.70 SF/Yr

      Industrial Space with Courtyard Retreat

      Well-maintained industrial space with flexible layout and convenient access.
      9424 Eton Avenue, Unit H, Chatsworth, CA, 91311
      View Details
    • $1.55 SF/Yr

      Industrial Unit in Northpark Park

      Industrial unit for lease in a maintained business park.
      9236 Deering Avenue, Chatsworth, CA 91311
      View Details
    • Contact for pricing

      Chatsworth Industrial Park Warehouse

      Industrial park space ideal for warehouse, distribution, or manufacturing.
      21305 Itasca Street, Chatsworth, CA, 91311
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office space with secured parking and freeway access.
    Where is this office building located?
    The property is located at 21211 Nordhoff St Chatsworth, CA.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: Easy access to major freeways (118, 405, 5, 170, and 101); Secured card entry parking system; Major street frontage on Nordhoff Street
    (818) 725-2500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Victor Sampson
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!