Freestanding Dental Medical
New
For Sale
Contact for pricing
18300 Sherman Way, Reseda, CA 91335
Purpose-built dental facility with modern infrastructure and a 2023 buildout.
Property Size6,192 SF
Price / SF$698.48
Days on Market6
Property Features for 18300 Sherman Way
General Information
Standard status
Active
Size
6,192 SF
Class
A
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Year Built
1990
Year Renovated
2023
Buildings
1
Listing Agency:
Kidder Mathews Los Angeles West
Listed By:
Daniel Solomon · License #CA 02105991
Source:
Crexi
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 18 at 8:53AM
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 Kidder Mathews Los Angeles West
Investment Insights
Based on property information with market context.
This 6,192-square-foot freestanding medical office building is configured for dental operations and includes a modern buildout completed in 2023. Originally built in 1990, the property offers a purpose-designed setting for a dental or medical practice, with contemporary infrastructure, prominent signage opportunities, and patient-oriented circulation. Fee simple ownership provides control of both the real estate and operating environment.
The property occupies a signalized corner along Sherman Way, a major commercial corridor with traffic counts exceeding 33,000 vehicles per day. Multiple ingress and egress points support convenient access, while the surrounding trade area includes Walgreens, Wells Fargo, WSS, Goodwill, Jons Fresh Marketplace, Citi, and Bank of America. Within a three-mile radius, the area includes approximately 227,000 residents, 197,000 daytime employees, and average household income exceeding $122,000.
The property occupies a signalized corner along Sherman Way, a major commercial corridor with traffic counts exceeding 33,000 vehicles per day. Multiple ingress and egress points support convenient access, while the surrounding trade area includes Walgreens, Wells Fargo, WSS, Goodwill, Jons Fresh Marketplace, Citi, and Bank of America. Within a three-mile radius, the area includes approximately 227,000 residents, 197,000 daytime employees, and average household income exceeding $122,000.
Key Highlights
- 6,192‑square‑foot freestanding medical office building
- Dental conversion and buildout completed in 2023
- Signalized corner location along Sherman Way
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
$146,975
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
3.40%
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%
$2,939,500
$2.9M
Cap Rate 7%
$2,099,643
$2.1M
Cap Rate 9%
$1,633,056
$1.6M
Market Conditions
NOI Build-Up for 6,192 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
$240.7K $38.88/SF
− Vacancy
−$44.8K −$7.23/SF
EGI
$196.0K $31.65/SF
− OpEx
−$49.0K −$7.91/SF
NOI
$147.0K $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 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%
$2,939,500
Cap Rate 7%
$2,099,643
Cap Rate 9%
$1,633,056
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.45M
NOI $146,975 @ 7.0% cap · market cap 3.40%
Second Best
Healthcare Medical
$1.64M
$1.44M – $1.91M
NOI $114,844 @ 7.0% cap · market cap 2.66%
Theoretical Best
Multifamily LT 5
$125.45M
$109.77M – $146.35M
NOI $8,781,234 @ 7.0% cap · market cap 203.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,576
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91335, CA
76,650
Population
25,615
Households
3
Avg Household Size
39
Median Age
30%
College-Educated
78%
High-School Grad
6.6 sq mi
ZIP Area
11,614
Density / Sq Mi
$77,164
Median Household Income
$37,470
Median Earnings
$1,811
Median Rent
$700,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Reseda Pharmacy — 6900 Reseda Blvd E, Reseda, CA 91335
- Morley Animal Hospital — 7125 Darby Ave, Reseda, CA 91335
- Pet Cure Veterinary Center — 18205 Sherman Way, Reseda, CA 91335
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built dental facility with modern infrastructure and a 2023 buildout.
Where is this medical office space located?
The property is located at 18300 Sherman Way Reseda, CA.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: 6,192‑square‑foot freestanding medical office building; Dental conversion and buildout completed in 2023; Signalized corner location along Sherman Way
