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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Parking lots & garages
14622 Sherman Way Van Nuys, CA 91405
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-6336129
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1988
Construction
CONCRETE
Total area
181,119 SF
Lot
1.33 ac (57,735 SF)
Zoning code
LARAS3
APN
2219-007-033
UPID
US09-6336129
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
-
Parking Structure Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Bpp Alphabet Mf Sherman Circle · 8 yrs held
Bpp Alphabet Mf Sherman Circle
since 2018
7 recorded transactions
Zoning & alternative use
LARAS3 · Van Nuys, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$74,445
Tax year 2024
Assessed value
$5,934,556
Assessed 2024
Previous assessed
$5,934,556
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,257,313
Assessed improvement
$2,677,243
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Total area
181,119 SF
Lot
1.33 ac (57,735 SF)
Zoning code
LARAS3
APN
2219-007-033
UPID
US09-6336129
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARAS3 · Van Nuys, CA
Zoning LARAS3 · permitted uses
LARAS3 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Lot
1.33 ac
Current owner
From public records · entity-resolved
Bpp Alphabet Mf Sherman Circle
Individual
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Bpp Alphabet Mf Sherman Circle LLC
—
Deed
related
—
Feb 1, 2018
$93,000,000
Bpp Alphabet Mf Sherman Circle
Imt Cap II Sherman Circle LLC
Grant Deed
$78,344,000 · Holliday Fenoglio Fowler
Oct 31, 2016
—
Imt Capital II Sherman Circle LLC
—
Deed
related
$200,000,000 · Federal Home Loan Mortgage Corp
May 14, 2014
—
Imt Capital II Sherman Circle LLC
Imt Capital II Sherman Circle Garag
Grant Deed
$49,500,000 · Pnc Bank NA
Sep 9, 2011
$4,727,000
Cap Circle Gara Imt II
Kings University
Grant Deed
—
Aug 30, 2006
$13,173,500
Kings College & Seminary
Sdg Sherman Way Associates LLC
Grant Deed
$14,000,000 · International Ch/foursquare Go
Jul 28, 2005
—
Sdg Sherman Way Associates LLC
Catholic Healthcare West
Grant Deed
$11,000,000 · International Ch/foursquare Go
Nov 10, 2003
—
Pmb Van Nuys 14624 Sherman LLC
Catholic Healthcare West
Grant Deed
$15,520,000 · Morgan Stanley Mtg Capital INC
Nov 6, 2003
—
Pmb Van Nuys 14600 Sherman LLC
Catholic Healthcare West Corp
Grant Deed
$15,520,000 · Morgan Stanley Mtg Capital INC
Aug 31, 1993
—
Valley Hospital Med Ctr Founda
Unihealth Americ
Quit Claim 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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