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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Community centers
12980 Sherman Way North Hollywood, CA 91605-4957
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US09-8023855
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
TILT-UP CONCRETE
Total area
12,425 SF
Lot
0.55 ac (24,075 SF)
Zoning code
LAC2
APN
2327-018-071
UPID
US09-8023855
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
-
BBQ Unlimited Chinese Restaurant Restaurant
-
Bangluck Market Corporation (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Sanamluang Café N. Hollywood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Nabati,soleyman Tr · 24 yrs held
Nabati,soleyman Tr
since 2002
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, 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 North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood 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%
$4,910,000
6.5%
$4,530,000
7%
$4,210,000
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±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
$270 / 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
$35,695
Tax year 2024
Assessed value
$2,768,705
Assessed 2024
Previous assessed
$2,768,705
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,385,681
Assessed improvement
$1,383,024
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
12,425 SF
Lot
0.55 ac (24,075 SF)
Zoning code
LAC2
APN
2327-018-071
UPID
US09-8023855
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CAZoning LAC2 · permitted uses
LAC2 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Nabati,soleyman Tr
Individual
Mailing address
PO BOX 7632, BEVERLY HILLS, CA 90212-7632
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
—
12980 Sherman Way LLC
—
Deed
related
$1,647,960 · Miscellaneous Ins Co
Feb 8, 2002
—
Nabati,soleyman Tr
Nabati,s
Quit Claim Deed
related
—
Jan 31, 2000
—
Soleyman Nabati
Nabati,b
Quit Claim Deed
related
—
Jun 14, 1999
—
Soleyman Nabati
Nabati,p
Quit Claim Deed
related
—
Mar 25, 1998
—
Soleyman Nabati
Nabati S Trustee,
Quit Claim Deed
related
—
May 30, 1997
—
Nabati,soleyman Trustee
Nabati,s & P
Quit Claim Deed
related
—
Jun 9, 1992
—
Nabati Soleyman
—
Deed Of Trust
related
—
Mar 21, 1988
—
Nabati Soleyman
Naba
Quit Claim Deed
related
$1,725,000 · San Clemente Savings & Loan
—
—
12980 Sherman Way LLC
—
Deed Of Trust
related
$1,000,000 · First Century Bank
—
—
12980 Sherman Way LLC
—
Loan Modification
related
$1,647,960 · Miscellaneous Ins Co
—
—
12980 Sherman Way LLC
—
Deed Of Trust
related
$1,400,000 · Pacific Crest Bank
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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