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    Sec Chandler Blvd & Lankershim Blvd Los Angeles, CA 91601
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    Sec Chandler Blvd & Lankershim Blvd Los Angeles, CA 91601

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    • Retail properties & Spaces
    • 10,945 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Sec Chandler Blvd & Lankershim Blvd

    Property size
    10,945 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Shops at NoHo Commons offers exceptional retail opportunities in the vibrant North Hollywood area of Los Angeles County, California. This multi-tenant property, located at the highly visible intersection of Chandler Boulevard and Lankershim Boulevard (zip code 91601), boasts a total of 10,945 square feet of retail space. Currently, there are 6,803 square feet of vacant space available, divisible into units ranging from a minimum of 1,384 square feet to a maximum contiguous space of 3,234 square feet. The property is ideally suited for a variety of uses, including retail, restaurant, cafe, and medical businesses. Ample parking is provided with 550 spaces available for customers and employees. This location benefits from high visibility and excellent access, making it an attractive option for businesses seeking a strong presence in a thriving commercial district. The property's strategic location in North Hollywood offers easy access to major transportation routes and a dense population base. This presents a unique opportunity for businesses to establish themselves in a dynamic and growing market. The available spaces are perfect for businesses seeking a flexible and adaptable space to meet their specific needs. Contact us today to learn more about this exciting 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
    Los Angeles
    State
    California
    Longitude
    -118.378
    Latitude
    34.1678

    Comparable in this City

    • Value Estimation by Request
      3,570 SF

      5011 Lankershim Blvd

      Restaurants • 3,570 SF
      5011 Lankershim Blvd, Los Angeles, CA 91601
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    • Value Estimation by Request
      5,000 SF

      11016-11020 Magnolia Blvd

      Restaurants • 5,000 SF
      11016-11020 Magnolia Blvd, Los Angeles, CA 91601
      View Details
    • Value Estimation by Request
      5,000 SF

      11016-11020 Magnolia Blvd

      Restaurants • 5,000 SF
      11016-11020 Magnolia Blvd, Los Angeles, CA 91601
      View Details
    • Value Estimation by Request

      5536 Satsuma Ave

      Restaurants
      5536 Satsuma Ave, Los Angeles, CA 91601
      View Details
    • Value Estimation
      $530,000
      3,285 SF

      5054 Lankershim Blvd

      MEDICAL BUILDING • 3,285 SF
      5054 Lankershim Blvd, North Hollywood, CA 91601
      View Details
    • Value Estimation
      $1,185,000
      5,000 SF

      11126 Chandler Blvd

      MEDICAL BUILDING • 5,000 SF
      11126 Chandler Blvd, North Hollywood, CA 91601-3228
      View Details

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      9,945 SF

      Retail Space on Lankershim Boulevard

      9,945 SqFt retail space available for sale.
      4900-4906 Lankershim Blvd, Los Angeles, CA 91601
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    Similar Nearby for Lease

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      Restaurant Space in NoHo Arts

      Second generation restaurant space in the NoHo Arts District.
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      Commercial Lot with Small Building

      Commercial lot with small building available for lease.
      5624 Cahuenga Blvd, Los Angeles, CA 91601
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      6,300 SF

      Free Standing NoHo District Building

      Free standing building in NoHo District with parking and offices.
      10605 Chandler Blvd, North Hollywood, CA 91601
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      Retail Space Available For Rent

      Retail space available, offering 3,375 square feet.
      5237 Lankershim Blvd, Los Angeles, CA 91601
      View Details
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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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    Sec Chandler Blvd & Lankershim Blvd, Los Angeles, CA, 91601
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