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    18448 Ventura Blvd Tarzana, CA 91356
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    18448 Ventura Blvd Tarzana, CA 91356

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    • Investment properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Boulevard Shoe Repair-Alterations / (Bike/Boat/Book/etc) Store

    Property Details for 18448 Ventura Blvd

    Property type
    Investment properties

    Description

    This exceptional business opportunity presents a chance to acquire a well-established and profitable retail operation located at 18448 Ventura Boulevard in Tarzana, California. For 48 years, this business has served the community, offering shoe repair, key copying, and alterations services. Its prime location on the busy Ventura Boulevard ensures high visibility and consistent foot traffic, contributing to its long-standing success. The sale price of $35,000 includes all necessary equipment and tools, making this a truly turnkey operation. The business is ready for immediate operation, requiring minimal setup or investment beyond the purchase price. This presents a rare opportunity for an entrepreneur to step into a ready-made business with an established customer base and a proven track record of success. The current owner is selling due to health reasons, creating a unique opportunity for a buyer to take the reins of this thriving enterprise. The business is situated on a lot of 0 acres. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tarzana
    County
    Los Angeles
    State
    California
    Longitude
    -118.535
    Latitude
    34.1682

    Comparable in this City

    • Value Estimation
      $3,535,000
      18,524 SF

      18980 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 18,524 SF
      18980 Ventura Blvd, Tarzana, CA 91356-3233
      View Details
    • Value Estimation by Request
      3,350 SF

      19540 Ventura Blvd

      Investment properties • 3,350 SF
      19540 Ventura Blvd, Los Angeles, CA 91356
      View Details
    • Value Estimation
      $690,000
      3,000 SF

      19509 12th Ventura Blvd

      STORE/OFFICE (MIXED USE) • 3,000 SF
      19509 12th Ventura Blvd, Tarzana, CA 91356-2916
      View Details
    • Value Estimation
      $1,905,000
      4,630 SF

      19501 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 4,630 SF
      19501 Ventura Blvd, Tarzana, CA 91356-2916
      View Details
    • Value Estimation
      $2,805,000
      21,951 SF

      19626 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 21,951 SF
      19626 Ventura Blvd, Tarzana, CA 91356-2944
      View Details
    • Value Estimation
      $1,835,000
      9,035 SF

      19225 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 9,035 SF
      19225 Ventura Blvd, Tarzana, CA 91356-3122
      View Details

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      18711-18737 Ventura Blvd, Tarzana, CA 91356

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    Tarzana, CA 91356
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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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