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    Single-Story Freestanding Medical Office Title is generated by Realmo AI

    22151 Clarendon St, Woodland Hills, CA 91367

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    For Sale
    $1,199,000

    Freestanding single-story building currently used for physical therapy with mixed-use zoning for a range of professional and service uses.

    Type:Commercial
    Added:
    Jun 4, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:46 am

    Property Features for 22151 Clarendon St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    Andrea Volore
    Andrea Volore

    Listing agent Andrea Volore License #01169526

    Listing office

    Listing date Jun 4, 2026

    Source Elliman

    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 Andrea Volore

    HighLights

    • Freestanding single‑story building built in 1953, currently used as a physical therapy office.
    • Mixed‑use zoning (LACR) per Tax Assessor: commercial/office/residential uses.
    • Located in Warner Center adjacent area of Woodland Hills, one short block north of Ventura Blvd and just west of Topanga Canyon Blvd.
    • Bordering the Warner Center 2035 Specific Plan.
    • Permitted‑use examples listed include medical, dental, chiropractic, physical therapy, counseling/therapy, accounting, law, insurance, real estate, mortgage, and professional services offices.

    Overview

    This single-story, freestanding building is currently used as a physical therapy office. The property’s Mixed Use zoning offers flexibility beyond medical uses, and buyers are encouraged to confirm permitted uses with the City prior to making an offer.

    Located in the Warner Center adjacent area of Woodland Hills, the property is about one short block north of Ventura Blvd and just west of Topanga Canyon Blvd. The site borders the Warner Center 2035 Specific Plan, and the Tax Assessor lists the zoning as LACR: Commercial/Office/Residential (mixed use).

    Given its existing medical-tenant improvements and flexible zoning, the building may fit a variety of professional and service-oriented operators, including dental or medical offices, chiropractic or physical therapy clinics, accounting, law, insurance agencies, real estate or mortgage offices, architectural or engineering offices, counseling or therapy offices, tax preparation services, travel agencies, and professional services generally. The zoning flexibility may also support certain retail and personal service uses such as beauty or barber shops and some wellness concepts, along with office-oriented uses like tutoring, yoga/fitness, and massage (additional permits may be required). Sale is described as being based on possible highest and best potential value.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Woodland Hills Pet Clinic, Dr. April Linson — 5348 CA-27, Woodland Hills, CA 91364
    • Veterinary Medical Center of Woodland Hills — 22544 Ventura Blvd, Woodland Hills, CA 91364
    • West Valley Pet Clinic — 22430 Ventura Blvd, Woodland Hills, CA 91364
    • Ehrenberg Matthew J DVM — 22430 Ventura Blvd, Woodland Hills, CA 91364
    • Cats Only Veterinary House Calls — 22430 Ventura Blvd, Woodland Hills, CA 91364

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.614
    Latitude
    34.1772

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    FAQs

    What type of property is this?
    Medical Office Space - Freestanding single-story building currently used for physical therapy with mixed-use zoning for a range of professional and service uses.
    Where is this medical office space located?
    The property is located at 22151 Clarendon St Woodland Hills, CA.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Freestanding single‑story building built in 1953, currently used as a physical therapy office.; Mixed‑use zoning (LACR) per Tax Assessor: commercial/office/residential uses.; Located in Warner Center adjacent area of Woodland Hills, one short block north of Ventura Blvd and just west of Topanga Canyon Blvd.
    (818) 398-2539
    We can help!
    Listing Contact
    Andrea Volore
    Andrea Volore
    Real Estate License ID: 01169526
    Learn More
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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.

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