Industrial Condo with
For Sale
Contact for pricing
12846-12955 Foothill Blvd, Sylmar, CA 91342
Small industrial condo with a mezzanine and frontage on Foothill Blvd for straightforward access to major freeways.
Property Size1,820 SF
Price / SF$376.37
Days on Market57
Property Features for 12846-12955 Foothill Blvd
General Information
Standard status
Active
Size
1,820 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Daum Commercial
(818) 449-1628
Listed By:
Chris Sullivan · License #00914977
(818) 449-1628
Source:
Moodyscre
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 12 at 10:46AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This offering is a small industrial condo designed for light industrial and flexible operating needs, with a bonus mezzanine level that adds usable overhead space. The property is presented for sale as part of a condo-style industrial configuration, offering a compact footprint suitable for owner-operators or small business tenants seeking their own dedicated space.
The unit is located at 12846-12955 Foothill Blvd in Sylmar, California, with stated frontage on Main Street (Foothill Blvd). The listing also notes easy access to major freeways, which can be a practical advantage for day-to-day logistics, deliveries, and employee commutes.
From a tenant or buyer fit perspective, the mezzanine can support additional storage or workflow needs without expanding the primary footprint. The compact size and dedicated condo format may appeal to businesses looking for manageable space along a main thoroughfare, with convenient freeway connectivity for recurring transportation requirements. This is being marketed as a rare small industrial condo for sale, making it worth considering if your operation requires a smaller industrial layout rather than a larger standalone facility.
The unit is located at 12846-12955 Foothill Blvd in Sylmar, California, with stated frontage on Main Street (Foothill Blvd). The listing also notes easy access to major freeways, which can be a practical advantage for day-to-day logistics, deliveries, and employee commutes.
From a tenant or buyer fit perspective, the mezzanine can support additional storage or workflow needs without expanding the primary footprint. The compact size and dedicated condo format may appeal to businesses looking for manageable space along a main thoroughfare, with convenient freeway connectivity for recurring transportation requirements. This is being marketed as a rare small industrial condo for sale, making it worth considering if your operation requires a smaller industrial layout rather than a larger standalone facility.
Key Highlights
- Small industrial condo for sale
- Mezzanine included
- Frontage on Main Street (Foothill Blvd)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,180
$452.2K
Cap Rate 7%
$322,986
$323.0K
Cap Rate 9%
$251,211
$251.2K
Market Conditions
NOI Build-Up for 1,820 SF
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.
Gross rent
$34.5K $18.96/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$32.3K $17.75/SF
− OpEx
−$9.7K −$5.32/SF
NOI
$22.6K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,180
Cap Rate 7%
$322,986
Cap Rate 9%
$251,211
Alternative Uses
Best Use
Industrial
$323.0K
$282.6K – $376.8K
NOI $22,609 @ 7.0% cap · market cap 3.30%
Second Best
Flex RnD
$299.9K
$262.4K – $349.9K
NOI $20,994 @ 7.0% cap · market cap 3.06%
Theoretical Best
Multifamily LT 5
$36.87M
$32.26M – $43.02M
NOI $2,581,048 @ 7.0% cap · market cap 376.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91342, CA
96,429
Population
26,403
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
73%
High-School Grad
45.4 sq mi
ZIP Area
2,124
Density / Sq Mi
$95,480
Median Household Income
$40,351
Median Earnings
$1,965
Median Rent
$641,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Small industrial condo with a mezzanine and frontage on Foothill Blvd for straightforward access to major freeways.
Where is this flex space located?
The property is located at 12846-12955 Foothill Blvd Sylmar, CA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Small industrial condo for sale; Mezzanine included; Frontage on Main Street (Foothill Blvd)
