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    7708-7726 Melrose Ave Los Angeles, CA 90046
    Property profile & analytics

    7708-7726 Melrose Ave, Los Angeles, CA 90046

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    • Retail properties & Spaces
    • 12,320 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7708-7726 Melrose Ave

    Property type
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.358
    Latitude
    34.0835

    Comparable in this City

    • Value Estimation by Request
      2,102 SF

      8024 Melrose Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      8024 Melrose Ave, Los Angeles, CA 90046-7010
      View Details
    • Value Estimation by Request
      800 SF

      7704.5 Melrose Ave

      Retail properties & Spaces
      0 7704.5 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request
      5,500 SF

      7309-7315 Melrose Ave

      Retail properties & Spaces
      7309-7315 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request
      935 SF

      7374.5 Melrose Ave

      Retail properties & Spaces
      0 7374.5 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation by Request
      2,398 SF

      7166 Melrose Ave

      Restaurants
      7166 Melrose Ave, Los Angeles, CA 90046
      View Details
    • Value Estimation
      $6,210,000
      2,596 SF

      8036 Santa Monica Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      8036 Santa Monica Blvd, West Hollywood, CA 90046-5009
      View Details

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      Melrose Retail Building For Sale

      Retail building available for purchase on Melrose Avenue.
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      6,099 SF

      West Hollywood Development Opportunity

      Prime corner location with development potential in West Hollywood.
      8001 Santa Monica Blvd, West Hollywood, CA 90046
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    Similar Nearby for Lease

    • Contact for pricing

      Leased Retail Property on Melrose

      100% leased retail property located on Melrose Avenue.
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    • Contact for pricing
      1,300 SF

      Retail Property on Melrose Avenue

      Retail property located on Melrose Avenue, Los Angeles.
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      Retail Property in West Hollywood

      Fully leased retail property in a prime West Hollywood location.
      914 N Fairfax Ave, West Hollywood, CA 90046
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      1,927 SF

      Fully Leased Retail Property

      Retail property at a prime location, currently 100% leased.
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      Retail Space on Santa Monica Blvd

      Retail space with high visibility and secured parking.
      7617 Santa Monica Blvd, West Hollywood, CA 90046
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    • Contact for pricing

      Retail Space on Santa Monica

      Single tenant retail space available for rent, 980 SqFt.
      8264 Santa Monica Blvd, West Hollywood, CA 90046
      View Details
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    Los Angeles, CA 90046
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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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