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Property profile & analytics
OFF-MARKET
Estimated value
$12,790,000
Community centers
12921 Magnolia Blvd Sherman Oaks, CA 91423-1618
Entity Owned
36-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6219454
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1964
Total area
35,540 SF
Lot
2.66 ac (115,918 SF)
Zoning code
LAC2
APN
2345-017-031
UPID
US09-6219454
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ralphs Grocery & Convenience Store Food Market
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
-
Cardtronics Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.79M
Owner & transaction history
Shevell Richard S Co Tr · 36 yrs held
Shevell Richard S Co Tr
since 1990
2 recorded transactions
Zoning & alternative use
LAC2 · Sherman Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sherman Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherman Oaks submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,040,000
6.5%
$12,960,000
7%
$12,035,000
Alternative Use
Use
Estimation
RESTAURANT
$19,895,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$18,915,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$12.79M
Range $11.51M – $14.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$360 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$203,511
Tax year 2024
Assessed value
$16,236,482
Assessed 2024
Previous assessed
$16,236,482
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$8,754,966
Assessed improvement
$7,481,516
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1964
Heating
NONE
Cooling
YES
Stories
1
Total area
35,540 SF
Lot
2.66 ac (115,918 SF)
Zoning code
LAC2
APN
2345-017-031
UPID
US09-6219454
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Sherman Oaks, CAZoning LAC2 · permitted uses
LAC2 · Sherman Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$19.9M
RETAIL STORES
Est. value
$18.9M
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Shevell Richard S Co Tr
Entity
Free & Clear · 36 yrs held
Mailing address
207 W BRADBURY LN, REDWOOD CITY, CA 94061-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 1990
$650,000
Shevell Richard S Co Tr
Unknown
Grant Deed
—
Dec 27, 1989
$650,000
Omni Foundation
Krame
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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