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    Property profile & analytics

    14243 Bessemer St Van Nuys, CA 91401-3432

    • Manufacturing properties
    • 15,523 SF
    • 1.01 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2022
    $6,594,000
    Value Estimations
    $6,000,000
    Show details
    Cap Rate Potential
    3.5%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-8534046
    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.

    Current Use by Public Records

    • Arctic Glacier Ice Los Angeles / Big Box & Wholesale Store / Distribution Center

    Property Details for 14243 Bessemer St

    Year built
    1940
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Property size
    15,523 SF
    Zone code
    LAM2
    Property type
    Manufacturing properties
    APN
    2240-024-002
    APU
    2240024002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,205,000
      ML approach
      $5,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,000,000
      Market price range: $2.25M - $6.00M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,160,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $9,445,000
      Change: +127% Conversion: Difficult
      RESTAURANT
      $8,690,000
      Change: +109% Conversion: Difficult
      RETAIL STORES
      $8,260,000
      Change: +99% Conversion: Moderate
      MEDICAL BUILDING
      $7,055,000
      Change: +70% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,685,000
      Change: +61% Conversion: Difficult
      OFFICE BUILDING
      $5,665,000
      Change: +36% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.444
    Latitude
    34.1812
    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
    $55,433
    $2,809,080
    $1,560,600
    $4,369,680
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $760,000
      6,132 SF

      6111 Hazeltine Ave

      MANUFACTURING (LIGHT) • 6,132 SF
      6111 Hazeltine Ave, Van Nuys, CA 91401-3527
      View Details
    • Value Estimation
      $675,000
      5,000 SF

      14215 Bessemer St

      MANUFACTURING (LIGHT) • 5,000 SF
      14215 Bessemer St, Van Nuys, CA 91401
      View Details
    • Value Estimation
      $2,965,000
      24,368 SF

      14149 Bessemer St

      MANUFACTURING (LIGHT) • 24,368 SF
      14149 Bessemer St, Van Nuys, CA 91401
      View Details
    • Value Estimation
      $2,950,000
      2,452 SF

      14222 Aetna St

      MANUFACTURING (LIGHT) • 2,452 SF
      14222 Aetna St, Van Nuys, CA 91401-3433
      View Details
    • Value Estimation by Request
      1,080 SF

      14218 Oxnard St

      MANUFACTURING (LIGHT) • 1,080 SF
      14218 Oxnard St, Van Nuys, CA 91401-3608
      View Details
    • Value Estimation
      $600,000
      1,350 SF

      14316 Oxnard St

      MANUFACTURING (LIGHT) • 1,350 SF
      14316 Oxnard St, Van Nuys, CA 91401-3311
      View Details

    Similar Nearby for Sale

    • $4,250,000

      Versatile Van Nuys Commercial Property

      Commercial property in Van Nuys with office and warehouse space.
      14122 Aetna St, Los Angeles, CA 91401
      View Details
    • Contact for pricing
      4,904 SF

      Freestanding Industrial Building For Sale

      Freestanding industrial building featuring office space and a ground-level door.
      14117-14123 Bessemer St, Van Nuys, CA 91401
      View Details
    • $1,975,000
      4,904 SF

      Van Nuys Industrial Warehouse

      Vacant 4,904 SF Warehouse, $1.975M
      14117 Bessemer St, Los Angeles, CA 91401
      View Details
    • Contact for pricing
      5,299 SF

      Van Nuys Industrial Property

      Industrial property in a central San Fernando Valley location.
      14203 Bessemer St, Van Nuys, CA 91401
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    • $1,400,000

      Victory Blvd Specialty Property

      Specialty property available for sale on Victory Blvd.
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      Victory Boulevard Retail Investment Opportunity

      Retail property with significant rent upside and parking.
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    Similar Nearby for Lease

    • $24 SF/Yr
      16,323 SF

      Van Nuys Blvd Retail Space

      Prime Van Nuys location, flexible suites.
      6312 Van Nuys Blvd, Los Angeles, CA 91401
      View Details
    • $3,900 /Mo
      7,310 SF

      Van Nuys Multifamily Property

      Multifamily property for rent in a convenient location.
      14247 Sylvan St, Van Nuys, CA 91401
      View Details
    • $39 SF/Yr
      5,610 SF

      Van Nuys Retail Center - 5,610 SF

      High-visibility retail space, ample parking. Ideal for multiple tenants.
      14431-14445 Burbank Blvd, Los Angeles, CA 91401
      View Details
    • Contact for pricing

      Fully Leased Retail Space

      Retail property in Van Nuys, CA, currently 100% leased.
      5600-5618 Van Nuys Blvd, Van Nuys, CA 91401
      View Details
    • Contact for pricing
      9,000 SF

      Prime Retail Space on Van Nuys

      High-visibility retail space in revitalizing Van Nuys area.
      6451 Van Nuys Blvd, Los Angeles, CA 91401
      View Details
    • $1.90 SF/Yr
      6,654 SF

      Retail Space on Woodman Avenue

      Retail space available in Van Nuys, former ceramics art location.
      6016-6024 Woodman Ave, Van Nuys, CA 91401
      View Details
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    14243 Bessemer St
    Van Nuys, CA 91401-3432
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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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