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    10623 Sherman Grv Ave Sunland, CA 91040-2703
    Property profile & analytics

    10623 Sherman Grv Ave, Sunland, CA 91040-2703

    View on Map
    • Warehouses
    • 5,536 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Aug 10, 2020
    $1,350,013
    Property ID
    US09-6229911
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,505,000
    Show details
    Cap Rate Potential
    4.3%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 10623 Sherman Grv Ave

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    0.20 lot acres
    Zone code
    LAC1
    Property type
    Warehouses
    APN
    2555-031-028
    APU
    2555031028

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 17, 2020 — Hrair A Leon — Deed · related $690k · Cit Bk NA
    Aug 10, 2020 $1,350,000 Ahnais Leon Hrair 10623 Sherman Grove LLC Grant Deed $690k · Cit Bank NA
    Aug 10, 2020 $550,000 Uiw Industries INC Hrair A Leon Grant Deed —
    Jan 9, 2014 — 10623 Sherman Grove LLC Simonian,valoud Grant Deed —
    Sep 13, 2013 — Valoud Simonian Simonian,anahid Quit Claim Deed · related —
    Sep 13, 2013 $655,000 Valoud Simonian Creative Futures LLC Grant Deed —
    Dec 27, 2001 $275,000 Creative Futures LLC Falkenborg Trust Grant Deed $248k · Us Bank NA
    — — 10623 Sherman Grove LLC — Deed Of Trust · related $530k · Tetyana Titomyr
    — — Hrair A Leon — Deed Of Trust · related $690k · Cit Bk NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,680,000
      ML approach
      $1,665,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,110,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,878,000
      Market price range: $639k - $1.88M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,490,000
      Current use
      OFFICE BUILDING
      $2,485,000
      Change: +67% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,185,000
      Change: +47% Conversion: Easy
      RETAIL STORES
      $2,120,000
      Change: +43% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,710,000
      Change: +15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sunland
    County
    Los Angeles
    State
    California
    Longitude
    -118.32
    Latitude
    34.2622
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,869
    $848,966
    $583,664
    $1,432,630
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,135,000
      0.59 Acres

      8136 Foothill Blvd

      STORAGE YARD, OPEN STORAGE
      8136 Foothill Blvd, Sunland, CA 91040-2941
      View Details
    • Value Estimation
      $7,000,000
      68,213 SF

      8250 Foothill Blvd

      MINI-WAREHOUSE, STORAGE
      8250 Foothill Blvd, Sunland, CA 91040-2879
      View Details
    • Value Estimation by Request
      2.32 Acres

      Sunland, CA 91040

      STORAGE YARD, OPEN STORAGE
      Sunland, CA 91040
      View Details
    • Value Estimation by Request
      5.70 Acres

      Sunland, CA 91040

      PROCESSING PLANT (CEMENT, GRAVEL)
      Sunland, CA 91040
      View Details
    • Value Estimation
      $645,000
      6,570 SF

      10444 Mcvine Ave

      MANUFACTURING (LIGHT)
      10444 Mcvine Ave, Sunland, CA 91040-3102
      View Details
    • Value Estimation
      $5,155,000
      61,150 SF

      10400 Sunland Blvd

      INDUSTRIAL (GENERAL)
      10400 Sunland Blvd, Sunland, CA 91040-1906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Two-story professional office building, move-in ready, excellent location.
      8041 Foothill Blvd, Sunland, CA 91040
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      Pending

      Land Available in Sunland

      Land for sale in Sunland, Los Angeles County.
      10131 Johanna Ave, Sunland, CA 91040
      View Details
    • $1,050,000
      116,111.00 Acres

      Shadow Hills Equestrian Development Opportunity

      Three contiguous parcels with approved plans for equestrian development.
      10138 Sunland Blvd, Shadow Hills, CA 91040
      View Details
    • $1,250,000
      788,436.00 Acres

      Expansive Equestrian Property with Views

      18-acre Shadow Hills land, ideal for estate or subdivision.
      Mary Bell Ave, Shadow Hills, CA 91040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sunland Retail Space For Lease

      Retail space in Sunland, close to shopping and high-traffic areas.
      8040 Foothill Blvd, Sunland, CA 91040
      View Details
    • $3,200 /Mo
      1,585 SF

      End Unit Retail-Office Frontage

      Front-facing end unit offers flexible office or retail space with convenient on-site parking.
      7912 Foothill Blvd, Sunland, CA 91040
      View Details
    • Contact for pricing

      Retail Space with Freeway Access

      Retail space anchored by Ralphs with outstanding freeway access.
      8846 Foothill Blvd, Sunland, CA 91040
      View Details
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    Sunland, CA 91040-2703
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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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