Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21555 Roscoe Blvd Los Angeles, CA 91304

    • Retail properties
    • 39,887 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 21555 Roscoe Blvd

    Property size
    39,887 SF
    Property type
    Retail properties

    Description

    This exceptional 3.25-acre retail property in Los Angeles, CA, presents a unique investment opportunity. Located at 21555 & 21627 Roscoe Boulevard in Canoga Park (zip code 91304), this infill site boasts three buildings totaling 39,887 square feet, currently 100% vacant. The property's configuration is ideal for adaptive reuse, particularly as a Neighborhood Fulfillment Center (NFC), leveraging existing building infrastructure while providing ample parking—a significant advantage in the land-constrained San Fernando Valley. Its central location offers easy access to major highways, connecting it to a substantial and affluent population base within a 30-minute radius. This area comprises over 1.8 million people with an average annual household income exceeding $115,000, spending over $17 billion annually on retail goods. The property's strategic positioning and significant market potential make it an attractive proposition for investors seeking a high-return retail investment in the greater Los Angeles metro area. Available space ranges from 6,000 to 27,608 square feet, offering flexibility for various retail concepts. The property is situated in Los Angeles County.

    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
    -118.601
    Latitude
    34.2208

    Comparable in this City

    • Value Estimation
      $15,870,000
      98,400 SF

      8341 Canoga Ave

      DEPARTMENT STORE • 98,400 SF
      8341 Canoga Ave, Canoga Park, CA 91304-2605
      View Details
    • Value Estimation
      $1,260,000
      4,850 SF

      7726 Deering Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,850 SF
      7726 Deering Ave, Canoga Park, CA 91304-5652
      View Details
    • Value Estimation
      $28,920,000
      131,685 SF

      8383 Topanga Cyn Blvd

      DEPARTMENT STORE • 131,685 SF
      8383 Topanga Cyn Blvd, West Hills, CA 91304-2343
      View Details
    • Value Estimation by Request
      55,582 SF

      8374 Topanga Cyn Blvd

      Office Properties & Spaces • 55,582 SF
      8374 Topanga Cyn Blvd, Los Angeles, CA 91304
      View Details
    • Value Estimation by Request
      1,466 SF

      7647 Topanga Cyn Blvd

      NURSERY, GREENHOUSE, FLORIST • 1,466 SF
      7647 Topanga Cyn Blvd, Canoga Park, CA 91304-5535
      View Details
    • Value Estimation by Request
      31,854 SF

      8921 De Soto Ave

      Retail properties • 31,854 SF
      8921 De Soto Ave, Los Angeles, CA 91304
      View Details

    Similar Nearby for Sale

    • $500,000

      Olive and Fig Restaurant

      Fully equipped Mediterranean restaurant with patios and licenses for sale.
      23759 Roscoe Blvd, Woodland Hills, CA 91304
      View Details
    • $350,000

      Established Restaurant with ABC License

      Full-service Mexican restaurant with beer and wine license for sale.
      8219 De Soto Ave, Woodland Hills, CA 91304
      View Details
    • $320,000

      Land For Sale

      Land available for sale.
      8744 Azul Dr, Woodland Hills, CA 91304
      View Details
    • $200,000

      Roscoe Blvd. Business Opportunity

      High-traffic, diverse retail business.
      20914 Roscoe Blvd, Los Angeles, CA 91304
      View Details
    • $275,000
      117,612.00 Acres

      2.7 Acres in Box Canyon

      Land in a unique, historic Canoga Park community with mountain views.
      Box Cyn, Canoga Park, CA 91304
      View Details
    • $225,000

      Remodeled Unit in Senior Park

      Beautifully remodeled unit with modern amenities in a senior park.
      8811 Canoga Ave, Woodland Hills, CA 91304
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      31,854 SF

      De Soto Plaza Office Suites

      Canoga Park Office Space Available
      8921 De Soto Ave, Los Angeles, CA 91304
      View Details
    • Contact for pricing
      150 SF

      Los Angeles Executive Office Suite

      Prime 150 sq ft Office, Los Angeles
      20925 Roscoe Blvd, Los Angeles, CA 91304
      View Details
    • $1.60 SF/Yr

      Warehouse or Manufacturing/Distribution Space

      Warehouse or manufacturing/distribution space in business park, near Home Depot.
      21251 Deering Ct, Woodland Hills, CA 91304
      View Details
    • Contact for pricing

      Industrial Space in Canoga Park

      Multi-tenant industrial park with versatile spaces, ideal for various businesses.
      Eton Business Park, Canoga Park, CA 91304
      View Details
    • $4,256 /Mo

      Industrial Condo with Fenced Yard

      2,800 SF industrial condo with heavy power and yard.
      8123 Remmet Ave, Woodland Hills, CA 91304
      View Details
    • $1.90 SF/Yr
      2,400 SF

      Industrial Space Available For Lease

      2,400 square foot industrial space for lease.
      8115 Canoga Ave, Woodland Hills, CA 91304
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21555 Roscoe Blvd
    Los Angeles, CA 91304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!