Auto Repair Facility with Two Spray
For Sale
Contact for pricing
Pending
6919-6943 Laurel Canyon Blvd, North Hollywood, CA 91605
Auto repair and auto body facility with two existing spray booths, attached paint room, and well-appointed offices and lobby space.
Property Size11,600 SF
Days on Market160
Property Features for 6919-6943 Laurel Canyon Blvd
General Information
Standard status
Pending
Size
11,600 SF
Property subtype
INDUSTRIAL
Amenities
Spray Booths
Paint Room
Shower Rack
Spill Containment
Clarifier
Offices
Breakroom
Kitchenette
Lobby Areas
Server Room
Listing Agency:
Tamarack Real Estate Services
(818) 464-3211
Listed By:
Corey Spound · License #01142655
(818) 464-3215
Source:
Moodyscre
Added: Apr 9
Changed: Sep 3
Last Checked: Sep 14 at 10:43AM
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 Tamarack Real Estate Services
Investment Insights
Based on property information with market context.
This auto repair and auto body facility includes existing spray booths (2) with an attached paint room, supporting in-house painting and refinishing workflows. The building is set up with practical support areas including a shower rack with spill containment and clarifier, plus lobby areas and a server room.
Interior workspaces are complemented by well-appointed offices, a breakroom, and a kitchenette, giving staff dedicated areas for daily operations. The property includes room for vehicle parking and car staging, supporting automotive service activity.
The property totals 11,600 square feet of building space and is offered for sale.
Interior workspaces are complemented by well-appointed offices, a breakroom, and a kitchenette, giving staff dedicated areas for daily operations. The property includes room for vehicle parking and car staging, supporting automotive service activity.
The property totals 11,600 square feet of building space and is offered for sale.
Key Highlights
- 11,600 SF auto repair and auto body facility
- Two existing spray booths with an attached paint room
- Shower rack with spill containment and clarifier
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
$256,645
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
4.47%
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%
$5,132,900
$5.1M
Cap Rate 7%
$3,666,357
$3.7M
Cap Rate 9%
$2,851,611
$2.9M
Market Conditions
NOI Build-Up for 11,600 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
$392.5K $33.84/SF
− Vacancy
−$25.9K −$2.23/SF
EGI
$366.6K $31.61/SF
− OpEx
−$110.0K −$9.48/SF
NOI
$256.6K $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 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%
$5,132,900
Cap Rate 7%
$3,666,357
Cap Rate 9%
$2,851,611
Alternative Uses
Best Use
Retail
$3.67M
$3.21M – $4.28M
NOI $256,645 @ 7.0% cap · market cap 4.47%
Second Best
Industrial
$1.94M
$1.69M – $2.26M
NOI $135,559 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$6.21M
$5.43M – $7.25M
NOI $434,742 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair and auto body facility with two existing spray booths, attached paint room, and well-appointed offices and lobby space.
Where is this auto shop located?
The property is located at 6919-6943 Laurel Canyon Blvd North Hollywood, CA.
What is the asking price?
The asking price for this property is $5,742,000.
What are key features of this property?
This property features: 11,600 SF auto repair and auto body facility; Two existing spray booths with an attached paint room; Shower rack with spill containment and clarifier
