Add Listing
    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

    15335 Morrison St Sherman Oaks Sherman Oaks, CA 91403

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Office space with remodeled common areas and freeway access.

    Type:Office
    Property size:
    59,000 SF
    Added:
    Sep 25, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 1 at 10:00 pm

    Property Features for 15335 Morrison St Sherman Oaks

    General Information

    Standard status
    Active
    Size
    59,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1974

    Spaces For Lease

    at 15335 Morrison St Sherman Oaks Contact us

    We can help!

    Listing Contact
    Todd M Wuschnig

    Listing agent Todd M Wuschnig License #CalDRE #01367230

    Listing office

    Listing date Sep 25, 2025

    Source Lee-associates

    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 Todd M Wuschnig

    Overview

    Sherman Oaks Office Space Available

    This office space is located in Sherman Oaks, California. The property features newly remodeled common areas and a sit-down lobby. It offers immediate access to the 101 and 405 Freeways and is within walking distance of the Sherman Oaks Galleria. The property also includes free visitor parking and additional street parking. A deli is located on-site. The property is tree-lined.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Los Angeles Moisture ... General Contractor Svetlana Brontveyn Law Firm Aim for Breakthrough Counselor Jo NeuroAssessment Center Physician MyLATherapist - Marraige and Family ... Psychotherapist

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -118.467
    Latitude
    34.1607

    Nearby Similar for Lease

    • $3/mo

      Ventura Blvd Retail Space Available

      Prime retail space on Ventura Blvd with parking.
      15149 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $3/mo

      Sherman Oaks Office Space

      Office space available for lease in Los Angeles.
      13721 Ventura Blvd, Sherman Oaks, CA 91423
      View Details
    • Contact for pricing

      Updated Townhome Near Ventura Blvd

      Updated townhome with modern amenities, close to shops and restaurants.
      4443 Saugus Ave #3, Sherman Oaks, CA 91403
      View Details
    • $3/mo

      Retail Space in Sherman Oaks

      Neighborhood shopping center with high visibility and freeway access.
      13303-13351 Riverside Dr | Sherman Oaks, CA 91423, CA 91423
      View Details
    • $2/mo

      Sherman Oaks Office/Medical Space

      Office and medical space with freeway access and retail amenities.
      5805 Sepulveda Blvd | Sherman Oaks, CA 91411, CA 91411
      View Details
    • $3/mo

      Sherman Oaks Retail/Office Space

      Retail or office space with high ceilings and street frontage.
      15060 Ventura Blvd | Sherman Oaks, CA 91403, CA 91403
      View Details
    • $2/mo

      Sherman Oaks Office Space Available

      Highly improved office suites with modern renovations and easy freeway access.
      4730 Woodman Ave | Sherman Oaks, CA 91407, CA 91407
      View Details
    • $2/mo

      Sherman Oaks Creative Office Space

      Creative office space featuring a two-story atrium with skylights.
      15000 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $2/mo

      Sherman Oaks Office Space

      Office space featuring 9 offices, conference room, and kitchen.
      13425 Ventura Blvd., Sherman Oaks, CA 91423
      View Details
    • $2/mo

      Executive Office Space in Los Angeles

      High-floor executive office space available for lease or sublease.
      15260 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $2/mo

      Sherman Oaks Office Space Available

      Office space for rent in Sherman Oaks, California.
      15300 Ventura Blvd | Sherman Oaks, CA 91403, CA 91403
      View Details
    • $2/mo

      Sherman Oaks Office Space

      Office space available for lease in Sherman Oaks.
      4312 Woodman Ave, Sherman Oaks, CA 91423
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with remodeled common areas and freeway access.
    Where is this office units located?
    The property is located at 15335 Morrison St Sherman Oaks Sherman Oaks, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Immediate access to the 101 & 405 Freeways.; Walking distance to the Sherman Oaks Galleria.; Newly remodeled common areas.
    (818) 933-0301
    We can help!
    Listing Contact
    Todd M Wuschnig
    Real Estate License ID: CalDRE #01367230
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!