Medical Office with Pylon
New
For Sale
$4,485,000
16911-16915 Roscoe Boulevard, Northridge, CA 91343
Vacant space retains clinical improvements from its prior veterinary hospital use.
Property Size10,553 SF
Days on Market1
Property Features for 16911-16915 Roscoe Boulevard
General Information
Standard status
Active
Size
10,553 SF
Property subtype
Retail
Zoning
M2-1VL
Additional Details
Pylon Signage
Yes
Property Use
Veterinary Hospital
Medical Specialty
veterinary
Building Details
Building Size
10,553 SF
Year Built
1965
Listed By:
Jake Prater
(949) 903-8099
Source:
Srsre
Added: Oct 23
Last Checked: Oct 23 at 3:29PM
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 Jake Prater
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1965, this vacant medical office property retains improvements from its former veterinary hospital use. Pylon signage is present along Roscoe Boulevard, and the property is zoned M2-1VL.
The existing layout may accommodate veterinary, medical, retail, or service-oriented occupancy. Vacant delivery gives an incoming owner the option to occupy the space or adapt it for another use.
The existing layout may accommodate veterinary, medical, retail, or service-oriented occupancy. Vacant delivery gives an incoming owner the option to occupy the space or adapt it for another use.
Key Highlights
- Existing improvements from prior veterinary hospital use
- Pylon signage along Roscoe Boulevard
- M2‑1VL zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,489
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,009,780
$5.0M
Cap Rate 7%
$3,578,414
$3.6M
Cap Rate 9%
$2,783,211
$2.8M
Market Conditions
NOI Build-Up for 10,553 SF
Gross rent
$410.3K $38.88/SF
− Vacancy
−$76.3K −$7.23/SF
EGI
$334.0K $31.65/SF
− OpEx
−$83.5K −$7.91/SF
NOI
$250.5K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,009,780
Cap Rate 7%
$3,578,414
Cap Rate 9%
$2,783,211
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.17M
NOI $250,489 @ 7.0% cap · market cap 5.59%
Second Best
Retail
$3.50M
$3.06M – $4.08M
NOI $244,905 @ 7.0% cap · market cap 5.46%
Theoretical Best
Multifamily LT 5
$213.80M
$187.07M – $249.43M
NOI $14,965,821 @ 7.0% cap · market cap 333.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91343, CA
62,595
Population
18,891
Households
3.3
Avg Household Size
36
Median Age
26%
College-Educated
77%
High-School Grad
5.9 sq mi
ZIP Area
10,609
Density / Sq Mi
$81,719
Median Household Income
$37,266
Median Earnings
$1,796
Median Rent
$751,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- VETERENS hospital — North Hills, CA 91343
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant space retains clinical improvements from its prior veterinary hospital use.
Where is this medical office space located?
The property is located at 16911-16915 Roscoe Boulevard Northridge, CA.
What is the asking price?
The asking price for this property is $4,485,000.
What are key features of this property?
This property features: Existing improvements from prior veterinary hospital use; Pylon signage along Roscoe Boulevard; M2‑1VL zoning
