Sign Up Successful!
You now have access to more from Realmo!
    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

    21010 Erwin St Woodland Hills, CA 91367

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Office building in Woodland Hills offering space for rent.

    Property size:
    360,720 SF
    Lot size:
    360,720 SF

    Property Features for 21010 Erwin St

    General Information

    Size
    360,720 SF

    We can help!

    Listing Contact
    Scott Romick
    Source: Lee-associates

    Listing Agent: Scott Romick

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

    Learn more

    Overview

    Woodland Hills Office Space Available

    Available for rent is an office building encompassing 360720 square feet. The property is located in Woodland Hills, California.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.59106
    Latitude
    34.18257

    Nearby Similar for Lease

    • $7,200 /Mo
      2,627 SF

      Remodeled Office Space Sublease

      Remodeled office suite in iconic Woodland Hills Class A complex.
      6300 Canoga Ave 590, Woodland Hills, CA 91367
      View Details
    • $3 SF/Yr
      6,720 SF

      Dental Offices in Woodland Hills

      Two fully built-out dental offices available for lease.
      6024 Fallbrook Ave, Woodland Hills, CA 91367
      View Details
    • Contact for pricing
      74,798 SF

      Woodland Hills Office Space for Lease

      Prime Woodland Hills office space, 1,624 - 74,798 sq ft.
      21650 Oxnard St, Woodland Hills, CA 91367, Woodland Hills, CA 91367
      View Details
    • Contact for pricing
      12,776 SF

      Sherman Way Retail Space Available

      Retail spaces in a busy Winnetka strip center.
      19744 Sherman Way, Winnetka, CA 91306
      View Details
    • $2 SF/Yr
      11,037 SF

      Woodland Hills Office and Retail

      Office and retail spaces for lease in Woodland Hills.
      5353 Topanga Canyon Blvd, Woodland Hills, CA 91364
      View Details
    • $1.95 SF/Yr
      5,580 SF

      Ventura Blvd Retail Space, 5580 SF

      Upscale retail space; high visibility location.
      22713 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $1.50 SF/Yr
      57,600 SF

      Prime Office Space on Ventura

      Well-located office suites with natural light and included utilities.
      20335 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $4,256 /Mo

      Industrial Condo with Fenced Yard

      2,800 SF industrial condo with heavy power and yard.
      8123 Remmet Ave, Woodland Hills, CA 91304
      View Details
    • $3 SF/Yr
      14 SF

      Prime Corner Retail Space Available

      Retail space in Warner Center with monument signage and high ceilings.
      21015 Oxnard St, Woodland Hills, CA 91367
      View Details
    • $2.00 SF/Yr
      83,981 SF

      Efficient Office Suites For Rent

      Efficient office suites with generous window lines and on-site café.
      20700 Ventura Blvd, Woodland Hills, CA 91364
      View Details
    • $1.49 SF/Yr
      15,437 SF

      Warner Center Distribution Facility

      Distribution facility in Warner Center with street frontage and fenced yard.
      6411-6415 De Soto Ave, Woodland Hills, CA
      View Details
    • $2 SF/Yr
      510 SF

      Ventura Boulevard Office Space Available

      Office space for lease in a prestigious Ventura Boulevard location.
      20812 Ventura Blvd, Woodland Hills, CA 91367
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Woodland Hills offering space for rent.
    Where is this office building located?
    The property is located at 21010 Erwin St Woodland Hills, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Office building in Woodland Hills; - Space for rent
    (818) 933-0305
    Request Owner's contact information
    21010 Erwin St Woodland Hills, CA 91367
    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.
    21010 Erwin St
    Woodland Hills, CA 91367
    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
    21010 Erwin St Woodland Hills, CA 91367
    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

    We can help!
    Listing Contact
    Scott Romick
    Real Estate License ID: 01323527
    (818) 933-0305
    Learn more
    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.