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Property profile & analytics
FOR LEASE
Office buildings
14624 Sherman Way, Van Nuys, CA 91405
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6177549
For Lease
1 / 2
$12,370,000
14624 Sherman Way, Van Nuys, CA 91405
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
CONCRETE
Total area
57,510 SF
Lot
0.76 ac (33,137 SF)
Zoning code
LAC2
APN
2219-007-032
UPID
US09-6177549
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
-
ABLE Physical Therapy Physician
-
U.S. Renal Care Medical Clinic
-
Metabolic Clinic & Research Center Medical Clinic
-
Prime Wellness Care Alternative Medicine Practice
-
NEVHC Northeast Valley Health Van Nuys Adult Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.37M
Owner & transaction history
Juniper Valley Medical Fee Owner Ll · 4 yrs held
Juniper Valley Medical Fee Owner Ll
since 2022
7 recorded transactions
Zoning & alternative use
LAC2 · 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
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
WAREHOUSE, STORAGE
$16,900,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$12.37M
Range $11.13M – $13.61M · ±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
$215 / 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
$156,207
Tax year 2024
Assessed value
$12,549,586
Assessed 2024
Previous assessed
$12,549,586
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,569,659
Assessed improvement
$8,979,927
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
57,510 SF
Lot
0.76 ac (33,137 SF)
Zoning code
LAC2
APN
2219-007-032
UPID
US09-6177549
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Van Nuys, CA
Zoning LAC2 · permitted uses
LAC2 · 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
WAREHOUSE, STORAGE
Est. value
$16.9M
WAREHOUSE, STORAGE
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
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Juniper Valley Medical Fee Owner Ll
Individual
Free & Clear · 4 yrs held
Mailing address
3310 W END AVEW, NASHVILLE, TN 37203-1028
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
Juniper Valley Medical Fee Owner Ll
Hsre Vcm Valley Mob LLC
Grant Deed
—
Sep 20, 2017
$2,350,000
Hsre Vcm Valley Mob LLC
Elpf Sherman Way Parking LLC
Grant Deed
$21,000,000 · Capital One Bank NA
Aug 31, 2009
$1,900,000
Elpf Sherman Way Parking LLC
Sdg Sherman Way Associates LLC
Grant Deed
$1,050,000 · Sdg Sherman Way Associates LLC
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 14624 Sherman LLC
Catholic Healthcare West
Grant Deed
$15,520,000 · Morgan Stanley Mtg Capital INC
Dec 2, 1998
—
Northridge Hospital Medical
—
Deed Of Trust
related
—
Jul 21, 1995
—
Northridge Hospital M
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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