Building Details

Building Size 4,005 SF

Year Built 1956

Units 10

Listing Agency: Keller Williams World Media Center

Listed By: Vartan Ambarian · License #00983815 Show Phone

Source: Elliman

Added: Mar 11 Changed: Oct 7 Last Checked: Oct 16 at 10:45AM

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Investment Insights

Based on property information with market context.

This commercial property in Winnetka features three commercial units and a cell tower lease. The units are versatile spaces suitable for office, retail, or service-oriented businesses. The cell tower generates passive revenue. The property includes two parcels with a combined lot size of 15,780 square feet. Ample parking is available on-site, with potential for expansion. The property 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, suitable for long-term holding or future redevelopment.

Key Highlights

• Cell Tower Income: Generates passive revenue and enhances ROI
• Three Commercial Units: Versatile spaces suitable for various businesses
• Prime Location: Convenient access to major roads and public transportation in a high‑traffic area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,609

Cap Rate

4.54%

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 4.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.88M – $2.50M (±1% cap)

NOI $150,098 @ 7.0% cap · market cap 7.70%

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

Property Analytics

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Current Use

Storefront properties

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

87k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 53% Dining 23% Shops & Services 21% Electronics 3%

Vallarta Supermarket Groceries

46,304 visits/mo 0.4 miles

7-Eleven Shops & Services

9,104 visits/mo 0.5 miles

Del Taco Dining

7,367 visits/mo 0.5 miles

Kwik Stop Shops & Services

7,050 visits/mo 0.1 miles

KFC Dining

5,296 visits/mo 0.5 miles

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar Off Market Nearby

• Modern Blossoms-Flower Delivery in San Fernando Valley CA — 19755 vanowen st, winnetka, ca 91306
• Homepage | Flowers from Our Heart — 19100 Hart St, Reseda, CA 91335
• Flower Delivery Winnetka — 20201 Sherman Way, Winnetka, CA 91306
• KIRK'S FLOWERS & GIFTS — 7654 Winnetka Ave, Winnetka, CA 91306
• Blossoms Of Beauty Llc — 19424 Keswick St, Reseda, CA 91335

Frequently Asked Questions

What type of property is this?

Storefront property - Three commercial units with cell tower income in Winnetka.

Where is this storefront property located?

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

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Cell Tower Income: Generates passive revenue and enhances ROI; Three Commercial Units: Versatile spaces suitable for various businesses; Prime Location: Convenient access to major roads and public transportation in a high‑traffic area