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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15117 Ventura Blvd Sherman Oaks, CA 91403-3382

    • Investment properties
    • 5,000 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8237759
    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

    • Elite Solar / Solar Energy Company / Solar Energy System Service
    • Green 360 Solutions / Solar Energy Company / Solar Energy System Service
    • Zip Insurance Services / Insurance Agency
    • Robert Anderson Ea / Tax Preparation
    • V Robert Anderson AE / Law Firm

    Property Details for 15117 Ventura Blvd

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    5,000 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    2264-007-017
    APU
    2264007017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,825,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherman Oaks
    County
    Los Angeles
    State
    California
    Longitude
    -118.462
    Latitude
    34.1535
    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
    $17,243
    $941,413
    $434,492
    $1,375,905
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,340,000
      5,130 SF

      15035 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 5,130 SF
      15035 Ventura Blvd, Sherman Oaks, CA 91403-2315
      View Details
    • Value Estimation
      $3,475,000
      12,616 SF

      15053 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 12,616 SF
      15053 Ventura Blvd, Sherman Oaks, CA 91403-2498
      View Details
    • Value Estimation
      $1,170,000
      7,937 SF

      4629 Van Nuys Blvd

      STORE/OFFICE (MIXED USE) • 7,937 SF
      4629 Van Nuys Blvd, Sherman Oaks, CA 91403-5788
      View Details
    • Value Estimation
      $5,045,000
      20,868 SF

      4954 Van Nuys Blvd

      STORE/OFFICE (MIXED USE) • 20,868 SF
      4954 Van Nuys Blvd, Sherman Oaks, CA 91403-1719
      View Details
    • Value Estimation
      $1,640,000
      7,800 SF

      15016 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 7,800 SF
      15016 Ventura Blvd, Sherman Oaks, CA 91403-2447
      View Details
    • Value Estimation
      $860,000
      4,360 SF

      14532 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 4,360 SF
      14532 Ventura Blvd, Sherman Oaks, CA 91403-3771
      View Details

    Similar Nearby for Sale

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      Hartsook Street Commercial Property

      Commercial property available on Hartsook Street, Los Angeles.
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      Van Nuys Blvd Property

      Property on Van Nuys Blvd available for sale.
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    • $1,250,000

      Sherman Oaks Income Property

      Residential income property in a desirable Sherman Oaks location.
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    • $349,000
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      Sherman Oaks Vacant Land Parcel

      0.16-acre vacant lot in Sherman Oaks Hills neighborhood.
      Rayneta Dr, Sherman Oaks, CA 91403
      View Details
    • $1,995,000
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      Sherman Oaks Duplex Opportunity

      Rare duplex near Ventura Blvd, ideal for owner-users or investors.
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    • $7,200,000
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      Sherman Oaks Retail/Medical Opportunity

      Prime Sherman Oaks location with high traffic and conversion potential.
      14936 Ventura Blvd, Sherman Oaks, CA 91403
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      22,630 SF

      Ventura Blvd Retail Spaces

      Sherman Oaks retail & office opportunity
      15125 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • Contact for pricing
      18,330 SF

      Ventura Blvd Medical Office Suite

      1,200 SF Medical Office Space Available
      14622 Ventura Blvd, Los Angeles, CA 91403
      View Details
    • $2 SF/Yr
      80 SF

      Sherman Oaks Office Space Available

      Office space for rent in Sherman Oaks, California.
      15300 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $3,000 /Mo
      900 SF

      Sherman Oaks Remodeled Corner Unit

      Remodeled 2 bed, 2 bath unit near Ventura Boulevard.
      4401 Sepulveda Blvd, Sherman Oaks, CA 91403
      View Details
    • $2 SF/Yr
      30,000 SF

      Sherman Oaks Creative Office Space

      Creative office space featuring a two-story atrium with skylights.
      15000 Ventura Blvd, Sherman Oaks, CA 91403
      View Details
    • $4,850 /Mo

      Updated Townhome Near Ventura Blvd

      Updated townhome with modern amenities, close to shops and restaurants.
      4443 Saugus Ave, Sherman Oaks, CA 91403
      View Details
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    Sherman Oaks, CA 91403-3382
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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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