Building Details

Building Size 5,250 SF

Year Built 1954

Listing Agency: NAI Capital HQ

Listed By: Rose O'Sullivan · License #CalDRE #01904175 Show Phone

Source: Www2.naicapital

Added: Jun 1 Changed: Sep 4 Last Checked: Aug 24 at 3:40AM

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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 NAI Capital HQ

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Investment Insights

Based on property information with market context.

This retail storefront property is offered for sale and includes retail space suitable for a single retail tenant or adaptable retail use. The listing is categorized as a storefront within the broader retail property and commercial real estate space types.

The property is located at 18314 Sherman Way, Los Angeles, CA 91335. Interested parties should review the offering details and coordinate directly for access and next steps.

Key Highlights

• Retail storefront property offered for sale at 18314 Sherman Way in Los Angeles
• Built in 1954

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$121,838

Cap Rate

5.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,436,760 $2.4M

Cap Rate 7%

$1,740,543 $1.7M

Cap Rate 9%

$1,353,756 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,250 SF

Gross rent

$194.0K $36.96/SF

− Vacancy

−$20.0K −$3.81/SF

EGI

$174.1K $33.15/SF

− OpEx

−$52.2K −$9.95/SF

NOI

$121.8K $23.21/SF

Area

Los Angeles, CA

Vacancy

10.30%

Lease Rate

$36.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,436,760

Cap Rate 7%

$1,740,543

Cap Rate 9%

$1,353,756

Alternative Uses

Best Use

Retail

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,838 @ 7.0% cap · market cap 5.18%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$106.36M

$93.07M – $124.09M (±1% cap)

NOI $7,445,329 @ 7.0% cap · market cap 316.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Carpet City Flooring ... Carpet & Flooring Store

Suggested Use

Top Pick Real Estate Agency Law Firm Tattoo & Piercing Shop Restaurant (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,611

Businesses Nearby

104k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Dining 36% Apparel 17% Electronics 4%

LUV Car Wash Shops & Services

18,741 visits/mo 0.4 miles

Wells Fargo Shops & Services

15,529 visits/mo 0.2 miles

Las Fuentes Dining

15,480 visits/mo 0.5 miles

WSS Apparel

11,073 visits/mo 0.1 miles

A&W Restaurant Dining

10,614 visits/mo 0.3 miles

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 Retail in Los Angeles, CA

5.7% 2019

6.1% 2020

6% 2021

5.7% 2022

5.6% 2023

6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail storefront property offered for sale at 18314 Sherman Way in Los Angeles.

Where is this storefront property located?

The property is located at 18314 Sherman Way Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: Retail storefront property offered for sale at 18314 Sherman Way in Los Angeles; Built in 1954