Upgraded Industrial Condominium
For Sale
Contact for pricing
7502-7536 Tyrone Ave, Van Nuys, CA 91405
Class A industrial condo with 20' clearance, air-conditioned warehouse, and an office buildout with new restrooms.
Property Size5,386 SF
Price / SF$470.66
Days on Market60
Property Features for 7502-7536 Tyrone Ave
General Information
Standard status
Active
Size
5,386 SF
Class
A
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Clear Height
20 ft
Amenities
Fully Upgraded Units
Air Conditioned Warehouse Space
Polished Concrete
New Restrooms
Fenced and Secure Business Park with Keycard Access
Listing Agency:
NAI Capital
(818) 905-2400
Listed By:
Chad Gahr · License #01230414
(818) 742-1626
Source:
Moodyscre
Added: Jul 15
Changed: Sep 10
Last Checked: Sep 11 at 10:50AM
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 NAI Capital
Investment Insights
Based on property information with market context.
This unique Class A industrial condominium features fully upgraded interior improvements, including air-conditioned warehouse space with polished concrete flooring. The unit offers 20' clearance and includes two oversized automated roll-up doors measuring 12' by 10'. A glass-lined office space totaling 865 square feet is included, along with newly installed restrooms.
The property is located within a fenced and secure business park with keycard access, providing controlled entry to the premises.
With its combination of upgraded warehouse finishes, high clearance, and a defined office area, this condominium unit is designed for a streamlined industrial operation with dedicated administrative space.
The property is located within a fenced and secure business park with keycard access, providing controlled entry to the premises.
With its combination of upgraded warehouse finishes, high clearance, and a defined office area, this condominium unit is designed for a streamlined industrial operation with dedicated administrative space.
Key Highlights
- Fully upgraded Class A industrial condominium with 20' clearance
- Air‑conditioned warehouse space with polished concrete
- Two (12' x 10') oversized automated roll‑up doors
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
$117,734
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
4.64%
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%
$2,354,680
$2.4M
Cap Rate 7%
$1,681,914
$1.7M
Cap Rate 9%
$1,308,156
$1.3M
Market Conditions
NOI Build-Up for 5,386 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
$206.8K $38.40/SF
− Vacancy
−$49.8K −$9.25/SF
EGI
$157.0K $29.15/SF
− OpEx
−$39.2K −$7.29/SF
NOI
$117.7K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,354,680
Cap Rate 7%
$1,681,914
Cap Rate 9%
$1,308,156
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,734 @ 7.0% cap · market cap 4.64%
Second Best
Warehouse
$1.00M
$876.0K – $1.17M
NOI $70,082 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,855 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Class A industrial condo with 20' clearance, air-conditioned warehouse, and an office buildout with new restrooms.
Where is this flex space located?
The property is located at 7502-7536 Tyrone Ave Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,535,000.
What are key features of this property?
This property features: Fully upgraded Class A industrial condominium with 20' clearance; Air‑conditioned warehouse space with polished concrete; Two (12' x 10') oversized automated roll‑up doors
