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

    7101 Fair Avenue North Hollywood, CA 91605

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding building with office and storage space for lease.

    Type:Industrial
    Property size:
    32,741 SF
    Added:
    Apr 15, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 15 at 8:07 pm

    Property Features for 7101 Fair Avenue

    General Information

    Standard status
    Active
    Size
    32,741 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Sam Glendon, SIOR

    Listing agent Sam Glendon, SIOR License #01826689

    Listing office

    Listing date Apr 15, 2026

    Source Cbre

    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 Sam Glendon, SIOR

    Overview

    North Hollywood Flex Space Available

    This freestanding building in North Hollywood offers a potential long-term direct lease opportunity with a sublease expiration date of February 29, 2028. The property features a clear height of 23 to 25 feet, good power supply, and a sprinkler system. A fenced yard area is included. Institutional ownership adds to the property's appeal. The building incorporates 9,350 square feet of office space, which includes 15-foot storage or production areas. There are three 10'x12' grade-level doors and one dock-high door. Parking is available with 56 spaces. The power supply is 1,000 Amps at 240 Volt 3 Phase. The property includes six restrooms. The total property size is 32,741 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Brooklyn Egg & Cheese — 5331 Bakman Ave, North Hollywood, CA 91601
    • Deluxe Motion Picture Catering — North Hollywood, CA 91601
    • Sweet Table — 5264 Tujunga Ave, North Hollywood, CA 91606
    • Under the Canape Inc — North Hollywood, CA 91601
    • Impeccable Taste Catering — 10940 Burbank Blvd, North Hollywood, CA 91601

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3751027
    Latitude
    34.19948

    Nearby Similar for Lease

    • $1.65/mo

      Freestanding Retail Building in NoHo

      6,586 SF retail building in North Hollywood's NoHo Arts District.
      6517 Lankershim Boulevard, North Hollywood, CA 91606
      View Details
    • $2/mo

      Creative Industrial Loft Space

      Creative industrial loft space available for rent in North Hollywood.
      10800 Burbank Blvd, North Hollywood, CA 91601
      View Details
    • $2/mo

      Free-Standing Commercial Building Available

      3,000 SF free-standing commercial building for lease or sale.
      10843 Burbank Blvd, North Hollywood, CA 91601
      View Details
    • $3/mo

      Medical/Office Space for Sublease

      Approximately 1,900 SF medical/office space available for sublease.
      4789 Vineland Ave, North Hollywood, CA 91602
      View Details
    • $3/mo

      Renovated Office Space Available

      Office space with renovated common areas, close to studios.
      10999 Riverside Dr, North Hollywood, CA 91602
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in North Hollywood.
      4924 Vineland Ave, North Hollywood, CA 91601
      View Details
    • Contact for pricing

      Remodeled Units in Fenced Park

      Newly remodeled small units for lease in a fenced business park.
      7361 Ethel Ave, North Hollywood, CA 91605
      View Details
    • $2.00/mo

      Creative Office Space in Los Angeles

      Creative office space available for sublease or lease in Los Angeles.
      5219 Craner Ave, North Hollywood, CA 91601
      View Details
    • Contact for pricing

      Multi-Tenant Office Building For Sale

      Three-story office building with diverse income streams.
      11490 Burbank Blvd, North Hollywood, CA
      View Details
    • $1.56/mo

      Retail Space For Lease

      Retail space available for lease in Los Angeles.
      6418 Lankershim Blvd, North Hollywood, CA 91606
      View Details
    • $2/mo

      North Hollywood Flex/Industrial Unit

      Renovated flex/industrial unit near studios and Burbank.
      7633 Varna Avenue, Unit G, North Hollywood, CA 91605-1748
      View Details
    • $1.25/mo

      Commercial Space Available for Rent

      Commercial property available for rent in North Hollywood, CA.
      7005 Tujunga Ave, North Hollywood, CA 91605
      View Details

    FAQs

    What type of property is this?
    Flex space - Freestanding building with office and storage space for lease.
    Where is this flex space located?
    The property is located at 7101 Fair Avenue North Hollywood, CA.
    What are key features of this property?
    This property features: Long Term Direct Lease Potential / Sublease Expiration: 2/29/2028; Freestanding Building; Good Power: 1,000 Amps; 240 Volt 3 Phase
    (818) 502-6745
    We can help!
    Listing Contact
    Sam Glendon, SIOR
    Real Estate License ID: 01826689
    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!