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    NOHO Arts District Bow Truss Title is generated by Realmo AI

    5018 Lankershim Boulevard, North Hollywood, CA 91601

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    For Sale
    $2,995,000

    Bow truss property in the heart of the NOHO Arts District.

    Type:retail.free_standing_building
    Property size:
    6,175 SF
    Price / SF:
    $485/SF
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:06 pm

    Property Features for 5018 Lankershim Boulevard

    General Information

    Standard status
    Active
    Size
    6,175 SF
    Property subtype
    retail.free_standing_building

    We can help!

    Listing Contact
    John Tronson
    John Tronson

    Listing agent John Tronson License #01914803

    Listing office Avison Young - US - CA - Los Angeles

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Avison Young - US - CA - Los Angeles

    HighLights

    • Prime location in the heart of the thriving NOHO Arts District, steps from Amazon Fresh, WeWork, and Laemmle NoHo 7 theaters.
    • Expansive open layout with approximately 6,175 square feet of usable space, featuring exposed beams and polished concrete floors.
    • Located within the State Enterprise and Opportunity Zone, offering potential tax advantages.
    • Excellent visibility with 56 feet of frontage on a heavily trafficked street (5018 Lankershim Blvd).
    • Includes a spacious loft/mezzanine area, two private offices, three bathrooms, and ample storage.
    • Delivered vacant, offering a rare and versatile opportunity for various uses.

    Overview

    Located in the NOHO Arts District, this bow truss property features an open layout with exposed beams and polished concrete floors. The property offers approximately 6,175 square feet of usable space, including a spacious loft/mezzanine area. The building is situated near Amazon Fresh, WeWork, Laemmle NoHo 7 theaters, and a proposed 7-story hotel with commercial space and 125 rooms. The property benefits from 56 feet of frontage on a heavily trafficked street. It is located within the State Enterprise and Opportunity Zone, potentially offering tax advantages. The property includes three parking spaces at the rear, with possible expansion potential. Inside, there are two private offices, three bathrooms, and ample storage. Currently owner-occupied, the property can be delivered vacant. According to city records, the building measures 4,675 square feet. The mezzanine, consisting of showroom, office, bathroom and warehouse space, was built in 2015 and improved to code at the time of construction, according to the seller's best recollection. The property is a versatile opportunity for various uses.
    Location Intelligence

    Current Use by Public Records

    Iguana Vintage Clothing (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    • Florist — 5030 Tujunga Ave, North Hollywood, CA 91601
    • New moon flowers by Romero — 4868 Tujunga Ave, North Hollywood, CA 91601
    • Flowers By Dan — 10443 Magnolia Blvd, North Hollywood, CA 91601
    • Josie's Flower Shop — 5016 Lankershim Blvd, North Hollywood, CA 91601
    • Designer Studio Events & Flrl — 4936 Biloxi Ave, North Hollywood, CA 91601

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3724408
    Latitude
    34.1615776

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    FAQs

    What type of property is this?
    Storefront property - Bow truss property in the heart of the NOHO Arts District.
    Where is this storefront property located?
    The property is located at 5018 Lankershim Boulevard North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Prime location in the heart of the thriving NOHO Arts District, steps from Amazon Fresh, WeWork, and Laemmle NoHo 7 theaters.; Expansive open layout with approximately 6,175 square feet of usable space, featuring exposed beams and polished concrete floors.; Located within the State Enterprise and Opportunity Zone, offering potential tax advantages.
    (323) 574-0069
    We can help!
    Listing Contact
    John Tronson
    John Tronson
    Real Estate License ID: 01914803
    Learn More
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    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
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    5018 Lankershim Boulevard, North Hollywood, California 91601
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