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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Office buildings
14554 Friar St, Van Nuys, CA 91411-2308
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6472918
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Construction
WOOD
Total area
6,112 SF
Lot
0.16 ac (7,001 SF)
Zoning code
LAC1.5
APN
2241-005-017
UPID
US09-6472918
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Peter Magee
Peter Magee
since 2026
Last sale
$20,900
7 recorded transactions
Zoning & alternative use
LAC1.5 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+53.4%
Retail stores
$3.3M
+45.9%
Medical building
$2.8M
+24.6%
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 Van Nuys submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Nuys 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,230,000
Current use
RESTAURANT
$3,420,000
Change: +53% · Conversion: Moderate
RETAIL STORES
$3,255,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$2,780,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,630,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,890,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $21k (May 30 2024)
Last sale anchor
$21k
May 30 2024
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
$26,565
Tax year 2024
Assessed value
$2,144,402
Assessed 2024
Previous assessed
$2,144,402
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,340,252
Assessed improvement
$804,150
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,112 SF
Lot
0.16 ac (7,001 SF)
Zoning code
LAC1.5
APN
2241-005-017
UPID
US09-6472918
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1.5 · Van Nuys, CA
Zoning LAC1.5 · permitted uses
LAC1.5 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1946
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Peter Magee
Individual
Mailing address
6318 VESPER AVE, VAN NUYS, CA 91411-2339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
$1,770,291
Peter Magee
14554 Friar LLC
Trust Deed
related
—
Jul 14, 2025
—
Hidden Hills 2023 LLC
14554 Friar LLC
Grant Deed
—
Sep 19, 2024
—
14554 Friar LLC
—
Deed
related
—
Aug 22, 2024
—
14554 Friar LLC
—
Deed
related
$1,485,000 · Union Home Loans
May 30, 2024
—
14554 Friar LLC
14554 Friar LLC
Intrafamily Transfer
related
$750,000 · Daniel Simon Peristein Ira 11026
Mar 22, 2024
$1,000,000
14554 Friar LLC
Gilbert Geilim
Trustees Deed
related
—
Apr 17, 2020
—
Armen Vardanyan
Armen Vardanyan
Quit Claim Deed
related
—
Jul 22, 2019
—
14554 Friar LLC
Friar Street Property LLC
Quit Claim Deed
—
May 3, 2019
—
Friar Street Property LLC
—
Deed
related
$1,450,000 · Miscellaneous Ins Co
Feb 25, 2019
—
Friar Street Property LLC
—
Deed
related
$815,000 · Miscellaneous Ins Co
Mar 8, 2017
$20,900
Friar Street Property LLC
Geilim,gilbert & Cassia
Deed In Lieu Of Foreclosure
related
—
Apr 21, 2005
—
Gilbert Geilim
Trp Properties LLC
Grant Deed
$666,250 · Independence Bank
Mar 10, 2004
$610,000
Trp Properties LLC
Berry,tr
Grant Deed
$427,000 · First Commerce Bank
Sep 9, 1998
—
Berry,fmly Tr
Berry,m B
Quit Claim Deed
related
—
—
—
Friar Street Property LLC
—
Deed Of Trust
related
$1,450,000 · Miscellaneous Ins Co
—
—
Friar Street Property LLC
—
Deed Of Trust
related
$815,000 · Miscellaneous Ins Co
—
—
Gilbert Geilim
—
Deed Of Trust
related
$1,000,000 · Bankers Ins
May 2, 1958
—
—
—
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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