Industrial Building with Secured
New
For Sale
Contact for pricing
7104 Case Ave, North Hollywood, CA 91605
A freestanding facility offers five grade-level doors, substantial electrical service, and an enclosed rear yard.
Property Size30,897 SF
Price / SF$307.14
Days on Market4
Property Features for 7104 Case Ave
General Information
Standard status
Active
Size
30,897 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
5
Power
1,200 amps
Voltage
480 V
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Listing Agency:
Newmark
(213) 596-2222
Listed By:
John DeGrinis, SIOR · License #00918958
(818) 618-6955
Source:
Moodyscre
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 3:22PM
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 Newmark
Investment Insights
Based on property information with market context.
This 30,897-square-foot industrial building stands on its own and includes a secured rear yard. Clear height ranges from 16 to 20 feet, and the building has five ground-level doors. Electrical service is rated at 1,200 amps, 277/480 volts.
The property is on a cul-de-sac in North Hollywood. A cell tower provides additional income.
The property is on a cul-de-sac in North Hollywood. A cell tower provides additional income.
Key Highlights
- 30,897‑square‑foot freestanding industrial building
- Secured rear yard
- 16–20' clear height
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
$402,030
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
4.24%
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%
$8,040,600
$8.0M
Cap Rate 7%
$5,743,286
$5.7M
Cap Rate 9%
$4,467,000
$4.5M
Market Conditions
NOI Build-Up for 30,897 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
$496.8K $16.08/SF
− Vacancy
−$23.8K −$0.77/SF
EGI
$473.0K $15.31/SF
− OpEx
−$70.9K −$2.30/SF
NOI
$402.0K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$8,040,600
Cap Rate 7%
$5,743,286
Cap Rate 9%
$4,467,000
Alternative Uses
Best Use
Warehouse
$5.74M
$5.03M – $6.70M
NOI $402,030 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$5.16M
$4.51M – $6.02M
NOI $361,065 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$16.54M
$14.47M – $19.30M
NOI $1,157,949 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
5
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - A freestanding facility offers five grade-level doors, substantial electrical service, and an enclosed rear yard.
Where is this industrial property located?
The property is located at 7104 Case Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $9,489,615.
What are key features of this property?
This property features: 30,897‑square‑foot freestanding industrial building; Secured rear yard; 16–20' clear height
