Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21314-21316 Sherman Way Canoga Park, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Small industrial building near commercial services with visible signage.

    Type:INDUSTRIAL
    Property size:
    2,100 SF
    Lot size:
    0.51 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    176
    Last Refresh:
    Mar 30 at 9:07 pm

    Property Features for 21314-21316 Sherman Way

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Lot size
    0.51 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 21314-21316 Sherman Way Contact us

    We can help!

    Listing Contact
    Ron Feder

    Listing agent Ron Feder License #CA00983855

    Listing office Peak Commercial

    Listing date Oct 9, 2025

    Source Moodyscre

    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 Peak Commercial

    Overview

    Industrial Building with Pole Signage

    This industrial building, encompassing 2100 square feet, is situated near various commercial services. The property features visible pole signage and is located in an Opportunity Zone. It is available for rent at a rate of $2.25.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canoga Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.247
    Latitude
    33.9698

    Nearby Similar for Lease

    • $1.85/mo

      Warner Center Office Space Available

      Office space featuring five offices, kitchen, conference room, and reception.
      6930 Owensmouth Ave, Warner Center, CA 913032003
      View Details
    • $1.32/mo

      Canoga Park Warehouse For Rent

      Warehouse space available for lease in Canoga Park.
      7423 Deering Avenue, Canoga Park, CA, 91303
      View Details
    • Contact for pricing

      Canoga Park Flex/Industrial Units

      Flex and industrial units available for lease in Canoga Park.
      6900-6910 Deering Avenue, Canoga Park, CA 91303
      View Details
    • $3/mo

      Warner Center Medical & Modern Offices

      Medical and modern office spaces available for lease in Warner Center.
      21107-21115 Vanowen Street, Canoga Park, CA 91303
      View Details
    • Contact for pricing

      Office Space Near Warner Center

      Office space with parking and potential for medical uses.
      7049 Owensmouth Ave, Canoga Park, CA 91303
      View Details
    • $1.25/mo

      Industrial Space for Lease

      Industrial property available for lease in Los Angeles.
      8100 Deering Ave, Canoga Park, CA 91304
      View Details
    • $1.45/mo

      Freestanding Industrial Building For Lease

      Industrial building with 3-phase power and fenced yard.
      21600 Osborne St, Canoga Park, CA
      View Details
    • $1.75/mo

      Industrial Space with Secured Yard

      2,300 SF industrial unit with fenced yard for lease.
      21430 Strathern St, Canoga Park, CA
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Canoga Park, currently 100% leased.
      21700-21730 Nordhoff St, Canoga Park, CA
      View Details
    • $1.95/mo

      Industrial Property in Canoga Park

      Fully leased industrial property in Canoga Park, California.
      21000 Osborne St, Canoga Park, CA
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Canoga Park, currently 100% leased.
      21800-21820 Nordhoff St, Canoga Park, CA
      View Details
    • $1.25/mo

      Secure Warehouse Space Available

      Gated warehouse with 16' clearance and ground-level door.
      21520 Strathern St, Canoga Park, CA
      View Details

    FAQs

    What type of property is this?
    Industrial property - Small industrial building near commercial services with visible signage.
    Where is this industrial property located?
    The property is located at 21314-21316 Sherman Way Canoga Park, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Rare small building, perfect for a niche business.; Located in an Opportunity Zone, offering potential tax benefits.; Near many commercial services for convenience.
    (818) 222-0404 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ron Feder
    Real Estate License ID: CA00983855
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!