Remodeled Flex Space with
For Sale
Contact for pricing
11921 Sherman Way, North Hollywood, CA 91605
Commercial property combines customer-facing display areas with production, office, and support spaces under LAM2 zoning.
Property Size12,425 SF
Price / SF$482.90
Days on Market165
Property Features for 11921 Sherman Way
General Information
Standard status
Active
Size
12,425 SF
Class
A
Property subtype
Industrial, Mixed Use, Special Purpose
Zoning
LAM2
Investment Type
Owner/User
Building Details
Year Built
1960
Buildings
1
Listing Agency:
The Muradyan Group
Listed By:
Alina Muradyan · License #01979135
Source:
Crexi
Added: May 3
Changed: Oct 6
Last Checked: Oct 12 at 6:23PM
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 The Muradyan Group
Investment Insights
Based on property information with market context.
This remodeled flex property combines an open showroom environment with dedicated production and fabrication areas. The building also includes renovated offices, a lunchroom, and full air conditioning, supporting both customer-facing activity and day-to-day operations. A rear lot provides on-site parking for employees, clients, equipment, and business logistics. The site occupies over half an acre and fronts Sherman Way in North Hollywood, with prominent street exposure and signage visibility along the corridor. LAM2 zoning supports commercial use, while the existing configuration accommodates showroom, office, fabrication, and workshop functions. The real estate is offered for sale, and the existing design and fabrication business is also available separately. Lease availability is also stated.
Key Highlights
- Remodeled flex property with showroom and dedicated fabrication areas
- Renovated offices, lunchroom, and full air conditioning
- Rear lot provides on‑site parking and operational space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,898
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,497,960
$5.5M
Cap Rate 7%
$3,927,114
$3.9M
Cap Rate 9%
$3,054,422
$3.1M
Market Conditions
NOI Build-Up for 12,425 SF
Gross rent
$420.5K $33.84/SF
− Vacancy
−$27.8K −$2.23/SF
EGI
$392.7K $31.61/SF
− OpEx
−$117.8K −$9.48/SF
NOI
$274.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,497,960
Cap Rate 7%
$3,927,114
Cap Rate 9%
$3,054,422
Alternative Uses
Best Use
Retail
$3.93M
$3.44M – $4.58M
NOI $274,898 @ 7.0% cap · market cap 4.58%
Second Best
Industrial
$2.07M
$1.82M – $2.42M
NOI $145,200 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$6.65M
$5.82M – $7.76M
NOI $465,661 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,685
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines customer-facing display areas with production, office, and support spaces under LAM2 zoning.
Where is this flex space located?
The property is located at 11921 Sherman Way North Hollywood, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Remodeled flex property with showroom and dedicated fabrication areas; Renovated offices, lunchroom, and full air conditioning; Rear lot provides on‑site parking and operational space
