High-Ceiling Flex
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For Sale
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19861-19863 Nordhoff St, Northridge, CA 91324
Flex space includes office amenities and a restroom area with a shower and closet.
Property Size8,716 SF
Price / SF$378.61
Days on Market4
Property Features for 19861-19863 Nordhoff St
General Information
Standard status
Active
Size
8,716 SF
Property subtype
INDUSTRIAL
Amenities
Built-in cabinets in office restroom area with shower and closet
Listing Agency:
CBRE
(818) 907-4608
Listed By:
Bennett Robinson · License #00984312
(818) 907-4608
Source:
Moodyscre
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 16 at 7:36AM
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 CBRE
Investment Insights
Based on property information with market context.
This 8,716-square-foot flex space is configured as an industrial condominium with a high-ceiling interior and modern facility improvements. The office and restroom area includes built-in cabinetry, a shower, and a closet.
The property is located at 19861-19863 Nordhoff St in Northridge, California, within the 91324 ZIP code. Its combination of flexible commercial space and office-support features provides a practical layout for industrial or flex-oriented occupancy.
The property is located at 19861-19863 Nordhoff St in Northridge, California, within the 91324 ZIP code. Its combination of flexible commercial space and office-support features provides a practical layout for industrial or flex-oriented occupancy.
Key Highlights
- 8,716‑square‑foot flex space
- High‑ceiling industrial condominium
- Modern facility improvements
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
$108,275
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
3.28%
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%
$2,165,500
$2.2M
Cap Rate 7%
$1,546,786
$1.5M
Cap Rate 9%
$1,203,056
$1.2M
Market Conditions
NOI Build-Up for 8,716 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
$165.3K $18.96/SF
− Vacancy
−$10.6K −$1.21/SF
EGI
$154.7K $17.75/SF
− OpEx
−$46.4K −$5.32/SF
NOI
$108.3K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,165,500
Cap Rate 7%
$1,546,786
Cap Rate 9%
$1,203,056
Alternative Uses
Best Use
Industrial
$1.55M
$1.35M – $1.80M
NOI $108,275 @ 7.0% cap · market cap 3.28%
Second Best
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,541 @ 7.0% cap · market cap 3.05%
Theoretical Best
Multifamily LT 5
$176.58M
$154.51M – $206.01M
NOI $12,360,665 @ 7.0% cap · market cap 374.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91324, CA
29,500
Population
11,408
Households
2.6
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
6,860
Density / Sq Mi
$99,834
Median Household Income
$46,513
Median Earnings
$2,286
Median Rent
$869,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Wadi rum catering — 19200 Nordhoff St, Northridge, CA 91324
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- La's crepes — 9151 Reseda Blvd, Northridge, CA 91324
- Mona Lisa Catering — 19209 Parthenia St, Northridge, CA 91324
Frequently Asked Questions
What type of property is this?
Flex space - Flex space includes office amenities and a restroom area with a shower and closet.
Where is this flex space located?
The property is located at 19861-19863 Nordhoff St Northridge, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 8,716‑square‑foot flex space; High‑ceiling industrial condominium; Modern facility improvements
