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    Medical Office Space Available Title is generated by Realmo AI

    14124 Foothill Blvd, Los Angeles, CA 91342

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    Clinical office space in high-impact medical building, Los Angeles.

    Type:Office
    Property size:
    1,585 SF
    Added:
    May 17, 2024
    Days on Market:
    725
    Last Refresh:
    Mar 20 at 8:08 pm

    Property Features for 14124 Foothill Blvd

    General Information

    Standard status
    Active
    Size
    1,585 SF
    Property subtype
    Office

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Steve Body
    Steve Body

    Listing agent Steve Body License #CA 01927373

    Listing office Keller Williams

    Listing date May 17, 2024

    Source Crexi

    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 Keller Williams

    HighLights

    • Located in a high‑impact medical office building with established medical tenants.
    • Potential synergy with a busy internal medicine/geriatric practice.
    • Move‑in ready with 2 exam rooms, 1 procedure room, 1 doctor's office, nurse's station, and spacious admin/waiting areas.
    • Includes essential medical infrastructure: in‑unit ADA bathroom and lab space.
    • Long‑term tenant history: previous tenant occupied the space for 20 years.
    • Built in 2003.

    Overview

    This 1,585 square foot clinical office space is available for rent within a medical office building. The main tenant is an internal medicine and geriatric practice that has been at the location for over 20 years. Other tenants include a pharmacy and a dental office. The space includes two exam rooms, one procedure room, one doctor's office, a nurse's station, administrative and waiting areas, an in-unit ADA bathroom, lab space, and a kitchen/break room. The previous tenant occupied the premises for 20 years before retiring. The property is located on Foothill Blvd in Los Angeles, CA. This space is suited for medical groups and individual providers who might benefit from synergy with an internal medicine/geriatric practice, such as ophthalmology, cardiology, pain management, orthopedic, neurology, IR/vascular, wound care, and urgent care.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Five Star Veterinary Center — 13725 Foothill Blvd, Sylmar, CA 91342
    • Vet Care Animal Center — 13815 Sayre St, Sylmar, CA 91342

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.39
    Latitude
    34.3277

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    FAQs

    What type of property is this?
    Medical Office Space - Clinical office space in high-impact medical building, Los Angeles.
    Where is this medical office space located?
    The property is located at 14124 Foothill Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: Located in a high‑impact medical office building with established medical tenants.; Potential synergy with a busy internal medicine/geriatric practice.; Move‑in ready with **2 exam rooms, 1 procedure room, 1 doctor's office, nurse's station, and spacious admin/waiting areas.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Body
    Steve Body
    Real Estate License ID: CA 01927373
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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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