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    17000 Ventura Blvd Los Angeles, CA 91316
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    17000 Ventura Blvd, Los Angeles, CA 91316

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    • Retail properties & Spaces
    • 30,356 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Unique Home Builders / Construction Company / General Contractor

    Property Details for 17000 Ventura Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional medical office space, located at 17000 Ventura Boulevard in Encino, California, offers a unique opportunity for healthcare professionals. Situated in the Central Valley submarket of Los Angeles County, this property boasts a total of 30,356 square feet, with a currently available suite of 1,239 square feet. The building is designated as both retail and office space, with a specific subtype classification of medical office, commercial, and bank. The property features multiple tenancies, providing a dynamic and collaborative environment. Parking is readily available with a ratio of approximately 3 spaces per 1,000 square feet. The property's address is 17000 Ventura Blvd, Encino, CA 91316, and its convenient location within the Central Valley submarket offers excellent accessibility and visibility. This is an ideal location for a variety of medical practices seeking a well-established and easily accessible space. The available suite presents a chance to establish or expand a thriving medical practice in a high-demand area. The property's diverse classification allows for flexibility in tenant use. 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
    Los Angeles
    State
    California
    Longitude
    -118.504
    Latitude
    34.1594

    Comparable in this City

    • Value Estimation by Request
      2,870 SF

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    • Value Estimation by Request
      43,452 SF

      17609 Ventura Blvd

      Medical Office Space
      17609 Ventura Blvd, Los Angeles, CA 91316
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    • Value Estimation by Request
      42,452 SF

      17609 Ventura Blvd

      Medical Office Space
      17609 Ventura Blvd, Los Angeles, CA 91316
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    • Value Estimation
      $900,000
      26,801 SF

      17107 Ventura Blvd

      FINANCIAL BUILDING
      17107 Ventura Blvd, Encino, CA 91316-4004
      View Details
    • Value Estimation by Request
      4,550 SF

      17258 Ventura Blvd

      FINANCIAL BUILDING
      17258 Ventura Blvd, Encino, CA 91316
      View Details
    • Value Estimation by Request
      2,160 SF

      17136 Ventura Blvd

      FINANCIAL BUILDING
      17136 Ventura Blvd, Encino, CA 91316-4003
      View Details

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    • $200,000
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      Medical Spa Business Opportunity

      Fully operational medical spa with multiple equipped treatment rooms and advanced laser technology for injectables, laser, and wellness services.
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      Encino Indian Restaurant - Turnkey Business

      Established Indian eatery, prime Encino location.
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    Similar Nearby for Lease

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      Encino Medical and Office Space

      Medical and office spaces available for lease in Encino.
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      Encino Retail and Office Complex

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      Encino Tower Office and Medical

      Premier office and medical building in the heart of Encino.
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      Encino Office and Medical Suites

      High-image office and medical suites in a prime Encino location.
      17609 Ventura Blvd, Los Angeles, CA 91316
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      Medical Building for Lease

      Single tenant medical building available for lease.
      17609 Ventura Blvd, Los Angeles, CA 91316
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    • $3,450 /Mo

      Encino Medical/Dental Space on Ventura

      High-visibility medical/dental space in Encino's commercial corridor.
      18032 Ventura Blvd, Encino, CA 91316
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    Los Angeles, CA 91316
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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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