Building Details

Building Size 4,005 SF

Year Built 1956

Listing Agency: Keller Williams R. E. Services

Listed By: Vartan Ambarian · License #00983815 Show Phone

Source: Truthrealty

Added: Aug 1, 2025 Changed: Sep 28 Last Checked: Oct 16 at 2:22PM

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Investment Insights

Based on property information with market context.

This commercial property in Winnetka features three commercial units suitable for office, retail, or service-oriented businesses. The property includes a cell tower lease that generates passive revenue. The combined lot size of the two parcels is 15,780 square feet. The property offers on-site parking and potential for expansion. It is conveniently situated with easy access to major roads and public transportation in a high-traffic Winnetka corridor. This is an income-producing property with upside potential, whether for long-term hold or future redevelopment.

Key Highlights

• Cell Tower Income: Generates passive revenue, enhancing long‑term value and ROI.
• Three Commercial Units: Versatile spaces suitable for office, retail, or service‑oriented businesses.
• Prime Location: Conveniently situated in a high‑traffic Winnetka corridor with easy access to major roads and public transportation.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,609

Cap Rate

4.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,772,180 $1.8M

Cap Rate 7%

$1,265,843 $1.3M

Cap Rate 9%

$984,544 $984.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,005 SF

Gross rent

$135.5K $33.84/SF

− Vacancy

−$8.9K −$2.23/SF

EGI

$126.6K $31.61/SF

− OpEx

−$38.0K −$9.48/SF

NOI

$88.6K $22.12/SF

Area

Los Angeles County, CA

Vacancy

6.60%

Lease Rate

$33.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,772,180

Cap Rate 7%

$1,265,843

Cap Rate 9%

$984,544

Alternative Uses

Best Use

Retail

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,609 @ 7.0% cap · market cap 4.32%

Second Best

Office B

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,546 @ 7.0% cap · market cap 4.27%

Theoretical Best

Office A

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,098 @ 7.0% cap · market cap 7.32%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Food Market Skin Care Clinic Cafe & Coffee Shop

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

1,236

Businesses Nearby

Explore this area Business Placement

Demographics for 91306, CA

46,669

Population

15,176

Households

3.1

Avg Household Size

39

Median Age

31%

College-Educated

79%

High-School Grad

4.2 sq mi

ZIP Area

11,112

Density / Sq Mi

$88,958

Median Household Income

$39,524

Median Earnings

$1,909

Median Rent

$719,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Three commercial units with cell tower income in Winnetka.

Where is this retail space located?

The property is located at 19740 Sherman Way Winnetka, CA.

What is the asking price?

The asking price for this property is $2,050,000.

What are key features of this property?

This property features: Cell Tower Income: Generates passive revenue, enhancing long‑term value and ROI.; Three Commercial Units: Versatile spaces suitable for office, retail, or service‑oriented businesses.; Prime Location: Conveniently situated in a high‑traffic Winnetka corridor with easy access to major roads and public transportation.