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    Property profile & analytics

    15000 Calvert St Van Nuys, CA 91411-2605

    • Manufacturing properties
    • 21,002 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7882185
    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

    • King Soundworks Van Nuys / Movie Studio

    Property Details for 15000 Calvert St

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.79 lot acres
    Property size
    21,002 SF
    Zone code
    LAM3
    Property type
    Manufacturing properties
    APN
    2242-024-042
    APU
    2242024042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $689,000
      Market price range: $689k - $1.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.46
    Latitude
    34.1809
    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
    $11,080
    $225,920
    $430,245
    $656,165
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      5,000 SF

      14749 Calvert St

      MANUFACTURING (LIGHT) • 5,000 SF
      14749 Calvert St, Van Nuys, CA 91411-2706
      View Details
    • Value Estimation
      $435,000
      10,320 SF

      6031 Sepulveda Blvd

      MANUFACTURING (LIGHT) • 10,320 SF
      6031 Sepulveda Blvd, Van Nuys, CA 91411
      View Details
    • Value Estimation
      $495,000
      4,320 SF

      15115 Oxnard St

      PROCESSING PLANT (CEMENT, GRAVEL) • 4,320 SF
      15115 Oxnard St, Van Nuys, CA 91411-2615
      View Details
    • Value Estimation
      $5,720,000
      18,000 SF

      14928 Oxnard St

      MANUFACTURING (LIGHT) • 18,000 SF
      14928 Oxnard St, Van Nuys, CA 91411-2610
      View Details
    • Value Estimation
      $565,000
      18,930 SF

      14923 Oxnard St

      MANUFACTURING (LIGHT) • 18,930 SF
      14923 Oxnard St, Van Nuys, CA 91411-2637
      View Details
    • Value Estimation
      $305,000
      3,850 SF

      14557 Calvert St

      MANUFACTURING (LIGHT) • 3,850 SF
      14557 Calvert St, Van Nuys, CA 91411-2806
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Mixed-Use Property Near Van Nuys

      Mixed-use property with retail/office and warehouse space for sale.
      14526 Erwin St, Los Angeles, CA 91411
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    • $2,149,999
      5,000 SF

      Los Angeles Flex Space Investment

      Prime LA flex space, high potential.
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      Van Nuys Auto Parts Warehouse

      Auto parts warehouse with inventory, fixtures, and freeway access.
      14722 Oxnard St, Los Angeles, CA 91411
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      Erwin Street Commercial Property

      Commercial property for sale in Los Angeles, California.
      14631 Erwin St, Los Angeles, CA 91411
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    • $1,090,000

      Well-Maintained Multifamily Property

      Free-standing 2-bedroom home with three 1-bedroom units.
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      Five-Unit Apartment Building with Garages

      Well-maintained five-unit apartment building with garages in Los Angeles.
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    Similar Nearby for Lease

    • $1.23 SF/Yr
      10,906 SF

      Distribution/Manufacturing Facility in Sherman Oaks

      Functional industrial space near 405/101 Freeway in Sherman Oaks.
      15023 Califa St, Sherman Oaks, CA 91411
      View Details
    • $13,250,000
      39,186 SF

      Sherman Oaks Distribution/Manufacturing Project

      Distribution/Manufacturing project in central Sherman Oaks location.
      15023-15035 Califa St, Sherman Oaks, CA 91411
      View Details
    • $1.09 SF/Yr
      18,880 SF

      Sherman Oaks Distribution/Manufacturing Facility

      Distribution/Manufacturing facility in central Sherman Oaks, close to freeways.
      15035 Califa St, Sherman Oaks, CA 91411
      View Details
    • Contact for pricing
      7,500 SF

      Van Nuys Warehouse Space Available

      Industrial warehouse, 6 units, 1250 sq ft each.
      14707 Oxnard St, Los Angeles, CA 91411
      View Details
    • $1.25 SF/Yr
      9,990 SF

      Industrial Building with HVAC

      9,990 SF industrial space featuring HVAC and ground-level doors.
      14909-14911 Calvert St, Van Nuys, CA 91411
      View Details
    • $1.40 SF/Yr
      6,028 SF

      Van Nuys Flex Building

      Flex building in Van Nuys with street visibility for lease.
      5915 Kester Ave, Van Nuys, CA 91411
      View Details
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    15000 Calvert St
    Van Nuys, CA 91411-2605
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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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