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    12626 Riverside Dr Los Angeles, CA 91607

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    12626 Riverside Dr Los Angeles, CA 91607

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    • Office properties & Spaces
    • 33,732 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 12626 Riverside Dr

    Year built
    1975
    Property size
    33,732 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional medical office building, located at 12626 Riverside Drive in Valley Village, California, presents a fantastic leasing opportunity. The property, built in 1975, offers a total of 33,732 square feet of well-maintained space, currently configured for multiple tenants. Individual suites range from a minimum of 840 square feet to a maximum contiguous space of 1,209 square feet, providing flexibility for various medical practices. Currently, there are 2,049 square feet of vacant space immediately available. The building's convenient location in San Diego County, with a 91607 zip code, ensures easy access for patients and staff. Ample, free, and unmetered street parking is a significant advantage, eliminating the need for costly parking solutions. The property is classified as a traditional medical office building, offering a comfortable and professional environment. This is an ideal opportunity for medical professionals seeking a well-located, readily available space in a thriving community. The property is categorized as an office building with a medical office subtype. Inquire today to learn more about this exceptional leasing opportunity.

    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
    San Diego
    State
    California
    Longitude
    -118.408
    Latitude
    34.1572

    Comparable in this City

    • Value Estimation by Request
      5,543 SF

      12840 Riverside Dr

      Medical Office Space • 5,543 SF
      12840 Riverside Dr, Los Angeles, CA 91607
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    • Value Estimation by Request
      1,280 SF

      5216 Laurel Cyn Blvd

      MEDICAL BUILDING • 1,280 SF
      5216 Laurel Cyn Blvd, Valley Village, CA 91607-2710
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    • Value Estimation
      $1,850,000
      1,988 SF

      4731 Laurel Cyn Blvd

      MEDICAL BUILDING • 1,988 SF
      4731 Laurel Cyn Blvd, Valley Village, CA 91607-3911
      View Details
    • Value Estimation
      $3,450,000
      4,605 SF

      4717 Laurel Cyn Blvd

      MEDICAL BUILDING • 4,605 SF
      4717 Laurel Cyn Blvd, Valley Village, CA 91607-3944
      View Details
    • Value Estimation
      $3,555,000
      4,900 SF

      5127 Laurel Cyn Blvd

      MEDICAL BUILDING • 4,900 SF
      5127 Laurel Cyn Blvd, Valley Village, CA 91607-3171
      View Details
    • Value Estimation
      $705,000
      3,866 SF

      5953 Laurel Cyn Blvd

      MEDICAL BUILDING • 3,866 SF
      5953 Laurel Cyn Blvd, Valley Village, CA 91607-1237
      View Details

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      Multi-tenant office building in Valley Village near Studio City.
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      17,500 SF

      Free Standing Commercial Building

      Free standing commercial building with warehouse, office, and showroom space.
      12640 Riverside Dr, Valley Village, CA 91607
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    Similar Nearby for Lease

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      Valley Village Office Space Available

      Office space for lease in Valley Village, California.
      12626 Riverside Dr, Valley Village, CA 91607
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      Valley Village Office Space Available

      Office building for rent in Valley Village, San Fernando Valley.
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      Office Building Near Gelson's Market

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      Valley Village Office Space Available

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      Office Space Available for Rent

      Office space available, offering 1,700 square feet.
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      Riverside Drive Office Space

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    12626 Riverside Dr
    Los Angeles, CA 91607
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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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