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    7241 Foothill Blvd & 7228 Greeley St Tujunga, CA 91042

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    For Sale
    $2,600,000

    Three-parcel property with retail/office space in a prime location.

    Type:Light Industrial, Retail, Office
    Added:
    Nov 26, 2025
    Days on Market:
    126
    Last Refresh:
    Mar 29 at 9:48 pm

    Property Features for 7241 Foothill Blvd & 7228 Greeley St

    General Information

    Standard status
    Active
    Property subtype
    Light Industrial, Retail, Office

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Brendon Shoemake
    Brendon Shoemake

    Listing agent Brendon Shoemake License #CalDRE #02208366

    Listing office Lee & Associates - Pasadena

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Lee & Associates - Pasadena

    Overview

    Retail/Office Property on Foothill Blvd

    This property offers an opportunity to purchase a three-parcel property totaling approximately 4,928 square feet of retail/office space situated on 6,621 square feet of land. It is located along Foothill Blvd, with rear building access from Greeley St in Sunland, CA, and features storefront signage on Foothill Blvd and rear access via Greeley St. The property is positioned along Foothill Blvd, a major east-west artery, and benefits from consistent commuter traffic, strong neighborhood visibility, and easy accessibility. It is located minutes from Burbank, Glendale, and the San Fernando Valley. The zoning allows for a wide range of opportunities, from showroom and office users to light manufacturing, creative production, retail, and service-oriented tenants. The property is surrounded by a supportive community with nearby schools, retail hubs, and residential neighborhoods. The electrical system was fully upgraded in 2023. New 5-ton and 3-ton HVAC units were installed in 2023. The entire building has been outfitted with LED fixtures.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Vons Floral — 7789 Foothill Blvd, Tujunga, CA 91042
    • Tujunga Water Ice Flowers Gift — 9930 Commerce Ave, Tujunga, CA 91042

    Location Insight

    • Map
    • Local Demand
    City
    Tujunga
    County
    Los Angeles
    State
    California
    Longitude
    -118.288
    Latitude
    34.2492

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    FAQs

    What type of property is this?
    Storefront property - Three-parcel property with retail/office space in a prime location.
    Where is this storefront property located?
    The property is located at 7241 Foothill Blvd & 7228 Greeley St Tujunga, CA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Prime location on highly traveled Foothill Blvd. with excellent street exposure and easy accessibility.; Versatile zoning allows for a wide range of business opportunities.; Recent upgrades including all new electrical, new HVAC systems, and energy‑efficient LED lighting.
    (626) 240-2776
    We can help!
    Listing Contact
    Brendon Shoemake
    Brendon Shoemake
    Real Estate License ID: CalDRE #02208366
    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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