Freestanding Office
New
For Sale
$3,325,000
16924 Saticoy St, Van Nuys, CA 91406
The vacant, single-story layout offers a contiguous floor plate and multiple entrances for single- or multi-suite occupancy.
Property Size8,876 SF
Lot Size0.48 Acres
Price / SF$374.61
Days on Market2
Property Features for 16924 Saticoy St
General Information
Standard status
Active
Size
8,876 SF
Total Parking Spaces
36
Lot size
0.48 Acres
Property subtype
Office
Zoning
C2
Additional Details
Asking Price
$3,325,000
Road Access
Yes
Amenities
The open floor plate and C2 zoning accommodate office, medical/dental, retail, restaurant, showroom, educational, fitness, house of worship, creative, and light industrial/flex uses.
Approximately 36 gated surface spaces (±4.1 per 1,000 SF) support parking-intensive uses and allow for fleet parking, EV charging, outdoor operations, or future expansion.
The open layout, multiple points of ingress and egress, and high unfinished vaulted ceilings suit a variety of configurations for a single occupant or be divided to multiple suites.
Set on a ±20,968 SF (0.48-acre) C2-zoned parcel, the property offers a rare infill land position at roughly $158.57 per land SF.
Located two parcels west of the signalized intersection of Saticoy Street and Balboa Boulevard, the property sees approximately 64,480 vehicles per day.
An existing pylon sign, building-mounted signage, and prominent street presence provide outstanding visibility and branding along a major San Fernando Valley thoroughfare.
With a conventional owner/user loan and 15% down, the estimated effective cost of ownership is approximately $2.01/SF per month, comparable to leasing, while building equity. Financing up to 90% LTV is available; contact Agent for details.
Just west of Van Nuys Airport, one of the world's busiest general aviation airports, which generates over $2 billion in annual economic activity and supports more than 10,000 jobs.
Building Details
Building Size
8,876 SF
Year Built
1955
Buildings
1
Stories
1
Listed By:
Marty Agnew · License #License(s): CA: 01339034
(818) 212-2744
Source:
Marcusmillichap
Added: Oct 16
Last Checked: Oct 16 at 2:03PM
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 Marty Agnew
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Investment Insights
Based on property information with market context.
This freestanding, single-story office property contains 8,876 square feet on a 20,968-square-foot parcel. The building is vacant and features a continuous floor plate, high unfinished vaulted ceilings, and multiple storefront entrances. Its layout can accommodate either one occupant or multiple suites. The property was built in 1955 and is zoned C2.
Approximately 36 surface parking spaces serve the site, which has about 100 feet of frontage on Saticoy Street. A pylon sign and building-mounted signage provide additional opportunities to identify the property from the street. The site is two parcels west of the signalized intersection of Saticoy Street and Balboa Boulevard, where the two corridors carry an estimated 64,480 vehicles per day.
Within five miles, the trade area includes approximately 239,391 households and 687,469 residents.
Approximately 36 surface parking spaces serve the site, which has about 100 feet of frontage on Saticoy Street. A pylon sign and building-mounted signage provide additional opportunities to identify the property from the street. The site is two parcels west of the signalized intersection of Saticoy Street and Balboa Boulevard, where the two corridors carry an estimated 64,480 vehicles per day.
Within five miles, the trade area includes approximately 239,391 households and 687,469 residents.
Key Highlights
- 8,876‑square‑foot freestanding office building on a 20,968‑square‑foot parcel
- Approximately 36 on‑site surface parking spaces
- About 100 feet of frontage on Saticoy Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,022
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,880,440
$3.9M
Cap Rate 7%
$2,771,743
$2.8M
Cap Rate 9%
$2,155,800
$2.2M
Market Conditions
NOI Build-Up for 8,876 SF
Gross rent
$340.8K $38.40/SF
− Vacancy
−$82.1K −$9.25/SF
EGI
$258.7K $29.15/SF
− OpEx
−$64.7K −$7.29/SF
NOI
$194.0K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,880,440
Cap Rate 7%
$2,771,743
Cap Rate 9%
$2,155,800
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.23M
NOI $194,022 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$1.48M
$1.30M – $1.73M
NOI $103,726 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$4.75M
$4.16M – $5.54M
NOI $332,652 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The vacant, single-story layout offers a contiguous floor plate and multiple entrances for single- or multi-suite occupancy.
Where is this office building located?
The property is located at 16924 Saticoy St Van Nuys, CA.
What is the asking price?
The asking price for this property is $3,325,000.
What are key features of this property?
This property features: 8,876‑square‑foot freestanding office building on a 20,968‑square‑foot parcel; Approximately 36 on‑site surface parking spaces; About 100 feet of frontage on Saticoy Street
