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    4801 Hazeltine Avenue Sherman Oaks, CA 91423 Sherman Oaks, CA 91423
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    4801 Hazeltine Avenue Sherman Oaks, CA 91423 Sherman Oaks, CA 91423

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    • Retail properties & Spaces
    For Lease
    $6 SF/Yr
    View Listing →
    Oaks Plaza For Lease
    $6 SF/Yr

    Oaks Plaza

    Highly visible outparcel in prime Sherman Oaks

    Van Nuys, CA 91423
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4801 Hazeltine Avenue Sherman Oaks, CA 91423

    Property type
    Retail properties & Spaces
    Property subtype
    Shopping centers

    Description

    Rare Free Standing Outparcel in Vibrant Sherman Oaks with Unparalleled Visibility and Branding Opportunities Highly Visible Intersection With a Daily Car Count of 54,473 Cars Per Day Grocery Anchored Center - One of The Top Performing Trader Joes Locations in The Nation Hard Corner Visibility With 4 Distinct and Prominent Signage Opportunities Extremely Dense Trade Area With Direct Access to the 101 Freeway Flexible Zoning - Making This Ideal For Select Medical Tenants, Restaurants, Fitness, and Daily Needs or Service Tenants Location Description With immediate access to the 101 Freeway, a bustling route known for its heavy traffic, this shopping center is one of the most convenient centers in Sherman Oaks. Furthermore, its prime position opposite the Westfield Fashion Center and the recently established Citrus Commons creative campus, coupled with direct access to the affluent Notre Dame High School, ensures convenience for customers. This strategic location and prominent visibility enhance the likelihood of customer visits, potentially resulting in increased footfall and patronage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sherman Oaks
    County
    State
    California
    Longitude
    -118.44
    Latitude
    34.1648

    Comparable in this City

    • Value Estimation by Request
      6,200 SF

      4801 Hazeltine Ave

      Individual retail properties • 6,200 SF
      4801 Hazeltine Ave, Los Angeles, CA 91423
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    • Value Estimation by Request
      4,454 SF

      4742 Woodman Ave

      Individual retail properties • 4,454 SF
      4742 Woodman Ave, Los Angeles, CA 91423
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    • Value Estimation by Request
      0.24 Acres

      14054 Ventura Blvd

      Retail properties & Spaces • 0.24 Acres
      14054 Ventura Blvd, Los Angeles, CA 91423
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    • Value Estimation by Request
      3,704 SF

      13625 Ventura Blvd

      Restaurants • 3,704 SF
      13625 Ventura Blvd, Los Angeles, CA 91423
      View Details
    • Value Estimation
      $6,640,000
      226,795 SF

      14060 Riverside Dr

      DEPARTMENT STORE • 226,795 SF
      14060 Riverside Dr, Sherman Oaks, CA 91423-1918
      View Details
    • Value Estimation by Request
      49,598 SF

      14423 Ventura Blvd

      Restaurants • 49,598 SF
      14423 Ventura Blvd, Los Angeles, CA 91423
      View Details

    Similar Nearby for Sale

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      Retail Property on Ventura Boulevard

      Retail property available for sale on Ventura Boulevard.
      13625 Ventura Blvd, Sherman Oaks, CA 91423
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      Sherman Oaks Office/Retail Building

      High-image, divisible office/retail building in Sherman Oaks with storage.
      13808 Ventura Blvd, Los Angeles, CA 91423
      View Details
    • $1,699,000
      5,412 SF

      Sherman Oaks Multifamily Investment Opportunity

      Well-maintained 6-unit multifamily asset in high-demand Sherman Oaks.
      4909 Coldwater Canyon Ave, Sherman Oaks, CA 91423
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    • Contact for pricing

      Sherman Oaks Mixed-Use Building

      Mixed-use building in Sherman Oaks with residential and commercial spaces.
      13257-13259 Moorpark St, Los Angeles, CA 91423
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    • $99,000
      0.14 Acres

      Sherman Oaks Land Opportunity

      Vacant land in Sherman Oaks with panoramic views.
      13406 Newcomb Dr, Sherman Oaks, CA 91423
      View Details
    • $199,000
      10,924.00 Acres

      Vacant Lot in Sherman Oaks

      Vacant 10,924 SF lot in prime Sherman Oaks.
      3724 N Knobhill Dr, Sherman Oaks, CA 91423
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Retail Space in Sherman Oaks

      Neighborhood shopping center with high visibility and freeway access.
      13303-13351 Riverside Dr, Sherman Oaks, CA 91423
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Sherman Oaks, California.
      13333 Riverside Dr, Sherman Oaks, CA 91423
      View Details
    • Contact for pricing

      Retail Space in Sherman Oaks

      Retail property with building signage, ample parking, and freeway access.
      12912-12926 Riverside Dr, Sherman Oaks, CA 91423
      View Details
    • $3 SF/Yr
      500 SF

      Retail Space Available For Rent

      Retail space available for rent in Sherman Oaks, CA.
      4344-4345 Woodman Ave, Sherman Oaks, CA 91423
      View Details
    • Contact for pricing
      4,013 SF

      Retail Space Available for Lease

      Retail property with 4013 square feet available for lease.
      14130 Riverside Dr, Los Angeles, CA 91423
      View Details
    • Contact for pricing

      Prime Retail Destination on Ventura

      Retail, restaurant, and office spaces available on Ventura Blvd.
      14423 Ventura Blvd, Los Angeles, CA 91423
      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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