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    15315 Magnolia Blvd Los Angeles, CA 91403
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    15315 Magnolia Blvd Los Angeles, CA 91403

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    • Office properties & Spaces
    • 97,805 SF
    • 0.94 lot acres
    For Sale
    $18,600,000
    View Listing →
    Sherman Oaks Office Building For Sale
    $18,600,000
    97,805 SF

    Sherman Oaks Office Building

    Prime Location, High-Demand Office

    Van Nuys, CA 91403
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 15315 Magnolia Blvd

    Lot size
    0.94 lot acres
    Property size
    97,805 SF
    Property type
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.467
    Latitude
    34.1652

    Comparable in this City

    • Value Estimation by Request
      70,910 SF

      4454 Van Nuys Blvd

      Restaurants • 70,910 SF
      4454 Van Nuys Blvd, Los Angeles, CA 91403
      View Details
    • Value Estimation by Request
      92,996 SF

      15315 Magnolia Blvd

      Office properties & Spaces • 92,996 SF
      15315 Magnolia Blvd, Los Angeles, CA 91403
      View Details
    • Value Estimation by Request
      5,700 SF

      15422 Ventura Blvd

      Office properties & Spaces • 5,700 SF
      15422 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • Value Estimation by Request
      11,519 SF

      15053 Ventura Blvd

      Retail properties & Spaces • 11,519 SF
      15053 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • Value Estimation by Request
      2,235 SF

      15260 Ventura Blvd

      Coworking space • 2,235 SF
      15260 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • Value Estimation by Request
      35,603 SF

      15300 Ventura Blvd

      Office properties & Spaces • 35,603 SF
      15300 Ventura Blvd, Los Angeles, CA 91403
      View Details

    Similar Nearby for Sale

    • $18,600,000
      97,805 SF

      Sherman Oaks Office Building

      Prime Location, High-Demand Office
      15315 Magnolia Blvd, Los Angeles, CA 91403
      View Details
    • Contact for pricing
      6,216 SF

      Sherman Oaks Office Building

      Office building with modern amenities and convenient freeway access.
      4558 Sherman Oaks Ave, Los Angeles, CA 91403
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    • $7,200,000

      Sherman Oaks Retail/Medical Opportunity

      Prime Sherman Oaks location with high traffic and conversion potential.
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    • $3,200,000

      Spacious Tri-Level Sherman Oaks Property

      Remodeled tri-level property with four units in prime Sherman Oaks.
      14948 Moorpark St, Sherman Oaks, CA 91403
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    Similar Nearby for Lease

    • Contact for pricing

      Sherman Oaks Office Space

      Office space available for lease in Sherman Oaks, CA.
      4955 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Sherman Oaks, CA.
      15300 Ventura Blvd, Sherman Oaks, CA 91403
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    • $23 SF/Yr
      24,852 SF

      Valley Corporate Center Office Suites

      Modern Los Angeles office space available
      5121 Van Nuys Blvd, Los Angeles, CA 91403
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    • Contact for pricing

      Sherman Oaks Office Space

      Office space available for lease in Sherman Oaks, CA.
      15060 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing

      Class A Office in Sherman Oaks

      Well-kept office building at Ventura and Sepulveda intersection.
      15233 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • Contact for pricing
      1,611 SF

      Sherman Oaks Office Space Available

      Office space available for rent in Sherman Oaks, CA.
      4955 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    View Listing
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    Los Angeles, CA 91403
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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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