Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sherman Oaks Office Building Title is generated by Realmo AI

    4419 Van Nuys Blvd, Sherman Oaks, CA 91403

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office building for sale in Sherman Oaks, California.

    Type:OFFICE
    Property size:
    36,363 SF
    Price / SF:
    $327/SF
    Added:
    Jan 4, 2024
    Days on Market:
    878
    Last Refresh:
    May 27 at 7:43 am

    Property Features for 4419 Van Nuys Blvd

    General Information

    Standard status
    Active
    Size
    36,363 SF
    Property subtype
    OFFICE

    Properties For Sale

    at 4419 Van Nuys Blvd Contact us

    We can help!

    Listing Contact
    Brian Forster

    Listing agent Brian Forster

    Listing office Pacific Partners Commercial, Inc

    Listing date Jan 4, 2024

    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 Pacific Partners Commercial, Inc

    HighLights

    • Office building for sale
    • Property is an office building
    • For sale
    • Building
    • Office
    • Property

    Overview

    An office building is available for sale. The property is located in Sherman Oaks, California. The building has a size of 36363 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.40M $38.40
    − Vacancy −$336.5k −$9.25
    EGI $1.06M $29.15
    − OpEx −$265.0k −$7.29
    NOI $794.9k $21.86
    36,363 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $11.36M
    $9.94M – $13.25M (±1% cap)
    NOI $794,866 @ 7.0% cap · market cap 6.68%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $19.47M
    $17.04M – $22.71M (±1% cap)
    NOI $1,362,803 @ 7.0% cap · market cap 11.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Dr. Ruzan Sarkissian ... Dental Office Jonathan Simons, Psy.D. Physician Wendy Dytman Marriage Or Relationship Counselor Dr. Lynne Friedman-Gell Physician Share Jack B ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman Oaks
    County
    Los Angeles
    State
    California
    Longitude
    -118.448906
    Latitude
    34.1515721

    Nearby Similar for Sale

    • $350,000

      Subway Franchise Opportunity in Sherman Oaks

      Established Subway franchise for sale in prime Sherman Oaks location.
      14344 Ventura Boulevard, Sherman Oaks, CA 91604
      View Details
    • $2,200,000
      3,507 SF

      Sherman Oaks Medical/Professional Office

      Freestanding medical/professional office in prime Sherman Oaks location.
      4555 Sherman Oaks Avenue, Sherman Oaks, CA 91403
      View Details
    • $2,650,000
      6,545 SF

      Sherman Oaks Townhouse-Style Multifamily Property

      Newer construction, low-maintenance investment property in a prime location.
      14550 Burbank Blvd, Sherman Oaks, CA 91411
      View Details
    • $1,699,000
      5,412 SF

      Sherman Oaks Multifamily Investment Opportunity

      Well-maintained 6-unit multifamily asset in high-demand Sherman Oaks.
      4909 Coldwater Canyon Ave, Sherman Oaks, CA 91423
      View Details
    • $4,000,000
      13,136 SF

      Sherman Oaks Multifamily Townhouses

      12-unit apartment building in prime Sherman Oaks location.
      4931 Coldwater Canyon Avenue, Sherman Oaks, CA 91423
      View Details
    • $210,000

      Established Laser Hair Removal Business

      Profitable laser hair removal business in prime Sherman Oaks location.
      4419 Van Nuys Boulevard, Sherman Oaks, CA 91403
      View Details
    • $1,725,000
      5,958 SF

      Sherman Oaks Garden Apartment Building

      Value-add opportunity in a prime Sherman Oaks location.
      14857 Hartsook St, Sherman Oaks, CA 91403
      View Details
    • $7,200,000
      9,225 SF

      Sherman Oaks Retail/Medical Opportunity

      Prime Sherman Oaks location with high traffic and conversion potential.
      14936 -14942 Ventura Boulevard, Sherman Oaks, CA 91403
      View Details
    • $3,200,000
      7,000 SF

      Spacious Tri-Level Sherman Oaks Property

      Remodeled tri-level property with four units in prime Sherman Oaks.
      14948 Moorpark Street, Sherman Oaks, CA 91403
      View Details
    • $2,775,000

      Sherman Oaks Multifamily Investment Opportunity

      12-unit apartment building in Sherman Oaks, CA.
      14525-31 Albers Street, Sherman Oaks, CA 91411
      View Details
    • $1,580,500
      3,590 SF

      Upgraded Duplex in Prime Location

      Gated duplex with upgraded units in Van Nuys/Sherman Oaks.
      14349 Tiara Street, Sherman Oaks, CA 91401
      View Details
    • $1,299,999
      3,204 SF

      Sherman Oaks Multifamily Home

      Multifamily home in Sherman Oaks, built in 1938.
      14429 Califa, Sherman Oaks, CA 91401
      View Details

    FAQs

    What type of property is this?
    Office building - Office building for sale in Sherman Oaks, California.
    Where is this office building located?
    The property is located at 4419 Van Nuys Blvd Sherman Oaks, CA.
    What is the asking price?
    The asking price for this property is $11,900,000.
    What are key features of this property?
    This property features: Office building for sale; Property is an office building; For sale
    (818) 834-1030 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Forster
    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

    Thank You for Inquiry
    4419 Van Nuys Blvd, Sherman Oaks, CA 91403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!