Northridge Commercial/Medical Office
For Sale
$1,700,000
18417 Bryant Street, Northridge, CA 91325
Gated commercial/medical office building in the heart of Northridge.
Property Size3,770 SF
Price / SF$450.93
Days on Market344
Property Features for 18417 Bryant Street
General Information
Standard status
Active
Size
3,770 SF
Property subtype
Office
Amenities
Central Air
3
Composition, Flat
6,492
Building Details
Year Built
1975
Listing Agency:
Coldwell Banker Hallmark Realty
(818) 476-3000
Listed By:
Nonna Gasparyan · License #01773402
(818) 757-4567
Source:
Xome
Added: Sep 26, 2025
Changed: Sep 3
Last Checked: Sep 2 at 1:31PM
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 Coldwell Banker Hallmark Realty
Investment Insights
Based on property information with market context.
Located in Northridge, this gated commercial/medical office building presents an opportunity for an owner-user or investor. Zoned LA-CM (Commercial/Medical), the property is suitable for various professional uses, including medical, dental, lab, wellness, administrative, or general office operations. The building features approximately 3,770 sq. ft. of interior space on a 6,492 sq. ft. lot. The functional layout includes multiple offices/rooms, a reception area, waiting area, restrooms, and an open workspace. The property provides private parking spaces and is secured with a gated entry. It is positioned near major streets, CSUN, Northridge Hospital, shopping, and dining. This property is suitable for any growing practice or business.
Key Highlights
- Prime Northridge location, LA‑CM zoned for versatile professional use.
- Gated commercial/medical office building offering security.
- Approximately 3,770 sq. ft. with multiple offices/rooms, reception, waiting area, and restrooms.
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
$89,486
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
5.26%
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%
$1,789,720
$1.8M
Cap Rate 7%
$1,278,371
$1.3M
Cap Rate 9%
$994,289
$994.3K
Market Conditions
NOI Build-Up for 3,770 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
$146.6K $38.88/SF
− Vacancy
−$27.3K −$7.23/SF
EGI
$119.3K $31.65/SF
− OpEx
−$29.8K −$7.91/SF
NOI
$89.5K $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 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%
$1,789,720
Cap Rate 7%
$1,278,371
Cap Rate 9%
$994,289
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,486 @ 7.0% cap · market cap 5.26%
Second Best
Healthcare Medical
$998.9K
$874.0K – $1.17M
NOI $69,923 @ 7.0% cap · market cap 4.11%
Theoretical Best
Multifamily LT 5
$76.38M
$66.83M – $89.11M
NOI $5,346,456 @ 7.0% cap · market cap 314.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91325, CA
35,250
Population
13,668
Households
2.6
Avg Household Size
37
Median Age
42%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
7,344
Density / Sq Mi
$92,602
Median Household Income
$39,434
Median Earnings
$1,924
Median Rent
$900,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Gated commercial/medical office building in the heart of Northridge.
Where is this medical office space located?
The property is located at 18417 Bryant Street Northridge, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime Northridge location, LA‑CM zoned for versatile professional use.; Gated commercial/medical office building offering security.; Approximately 3,770 sq. ft. with multiple offices/rooms, reception, waiting area, and restrooms.
