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    C-2 Zoned Retail/Office Building Title is generated by Realmo AI

    7230 Lankershim, North Hollywood, CA 91605

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    Pending
    $599,000

    Commercial Sale - North Hollywood, CA

    Property size:
    540 SF
    Lot size:
    0.07 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    105
    Last Refresh:
    Jun 5 at 6:06 pm

    Property Features for 7230 Lankershim

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    2316030043
    Size
    540 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1963
    Architectural style
    Other

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    Listing Contact
    Edward Frish

    Listing agent Edward Frish License #01252271

    Listing office Century 21 Hollywood 5827 Franklin Ave., Tarzana, CA

    Listing date Feb 20, 2026

    MLS# SR26038588 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Lankershim Blvd with excellent visibility and street frontage.
    • C‑2 zoning allows for a wide range of commercial uses and redevelopment potential.
    • Secure yard with tall perimeter fencing and large entry gates.
    • Significant redevelopment potential, as demonstrated by neighboring properties.
    • Close proximity to freeways, residential neighborhoods, local businesses, and the NoHo Arts District.
    • Strong income potential for investors seeking long‑term rental opportunities.

    Overview

    This commercial property includes approximately 540 square feet of existing retail/office space on a 3,000+ square foot lot. The site is enclosed with tall perimeter fencing and large entry gates, creating a controlled environment for business needs such as contractor staging, fleet or van parking, and tool/material storage. The configuration supports owner-user or investor concepts that benefit from a combination of usable building space and an on-site yard.

    The property is located along the Lankershim Boulevard corridor and is described as having strong visibility and street frontage. On-site and nearby street parking are available, and the surrounding area is identified as a mix of shops, restaurants, and entertainment. The listing also notes proximity to the NoHo Arts District, North Hollywood Metro Station, and Burbank Airport.

    With C-2 zoning, the property is presented as suitable for a range of commercial uses. Tenants and buyers considering retail, office, or service-oriented operations may find the fenced yard particularly practical, while owner-users can use the existing building for their storefront or office and leverage the secured site for day-to-day operational needs. Prospective developers should confirm redevelopment feasibility and intended uses with the appropriate authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3875613
    Latitude
    34.2020817

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    FAQs

    What type of property is this?
    Retail space - Securely fenced site with retail/office space, well-suited for owner-user operations requiring a controlled yard.
    Where is this retail space located?
    The property is located at 7230 Lankershim North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: High‑traffic location on Lankershim Blvd with excellent visibility and street frontage.; C‑2 zoning allows for a wide range of commercial uses and redevelopment potential.; Secure yard with tall perimeter fencing and large entry gates.
    (818) 371-1665
    We can help!
    Listing Contact
    Edward Frish
    Real Estate License ID: 01252271
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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.

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    7230 Lankershim, North Hollywood, CA 91605
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