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    Property profile & analytics

    15210 Sherman Way Van Nuys, CA 91405-2042

    • Apartment buildings
    • 52,965 SF
    • 2.23 lot acres
    OFF-MARKET
    Value Estimations
    $5,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6188224
    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

    • Country Club Apartments / Apartment Complex
    • The International Electronic Dance Music Hall of Fame / Foundation / Non-Profit Organization
    • Best & Fast Water Damage & Mold Van Nuys / Hardware & Home Improvement / Construction Company
    • ScorpioVision / Clothing Store
    • Bizzy Hunnies / Apartment Complex

    Property Details for 15210 Sherman Way

    Year built
    1963
    Construction
    WOOD
    Lot size
    2.23 lot acres
    Property size
    52,965 SF
    Zone code
    LAP
    Property type
    Apartment buildings
    APN
    2220-001-022
    APU
    2220001022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,121,000
      Market price range: $8.12M - $16.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.464
    Latitude
    34.2002
    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
    $29,774
    $449,476
    $1,257,313
    $1,706,789
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,660,000
      80,455 SF

      7354 Woodman Ave

      APARTMENT HOUSE (5+ UNITS) • 80,455 SF
      7354 Woodman Ave, Van Nuys, CA 91405-2798
      View Details
    • Value Estimation
      $3,310,000
      26,816 SF

      7112 Woodman Ave

      APARTMENT HOUSE (5+ UNITS) • 26,816 SF
      7112 Woodman Ave, Van Nuys, CA 91405-3411
      View Details
    • Value Estimation
      $535,000
      3,005 SF

      6840 Vesper Ave

      APARTMENT HOUSE (5+ UNITS) • 3,005 SF
      6840 Vesper Ave, Van Nuys, CA 91405-3949
      View Details
    • Value Estimation
      $1,095,000
      7,659 SF

      6960 Vesper Ave

      APARTMENT HOUSE (5+ UNITS) • 7,659 SF
      6960 Vesper Ave, Van Nuys, CA 91405-3947
      View Details
    • Value Estimation
      $1,415,000
      10,132 SF

      7017 Hazeltine Ave

      APARTMENT HOUSE (5+ UNITS) • 10,132 SF
      7017 Hazeltine Ave, Van Nuys, CA 91405-3267
      View Details
    • Value Estimation
      $1,700,000
      14,396 SF

      7452 Hazeltine Ave

      APARTMENT HOUSE (5+ UNITS) • 14,396 SF
      7452 Hazeltine Ave, Van Nuys, CA 91405-5909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,333 SF

      Van Nuys Multifamily Investment Opportunity

      Well-maintained 20-unit apartment building in a central San Fernando Valley location.
      6840 Kester Ave, Los Angeles, CA 91405
      View Details
    • $1,050,000
      Pending

      Van Nuys Multifamily Investment Opportunity

      Stabilized multifamily property in a high-demand rental location.
      13617 Leadwell St, Van Nuys, CA 91405
      View Details
    • $2,900,000
      10,793 SF

      Van Nuys Multifamily Investment Opportunity

      Multifamily property in a high-demand rental corridor.
      13825 Vanowen St, Van Nuys, CA 91405
      View Details
    • $2,700,000
      4,080 SF

      Renovated Triplex in Van Nuys

      Modern, renovated triplex featuring spacious units and contemporary finishes.
      7010 Lennox Ave, Van Nuys, CA 91405
      View Details
    • $2,700,000

      Renovated Triplex in Van Nuys

      Modern, renovated triplex with spacious units and new amenities.
      7010 Lennox Ave, Van Nuys, CA 91405
      View Details
    • Contact for pricing
      13,755 SF

      Van Nuys Retail Building

      13,755 SF building in high-traffic Van Nuys location.
      6755 Van Nuys Blvd, Los Angeles, CA 91405
      View Details

    Similar Nearby for Lease

    • $54 SF/Yr
      58,746 SF

      Sherman Way Retail Center

      Los Angeles Retail Space Available
      14435 Sherman Way, Los Angeles, CA 91405
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 6842 Van Nuys Blvd.
      6842 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
    • Contact for pricing

      Renovated Industrial Units in Van Nuys

      Renovated industrial units in a prime Van Nuys location.
      15225 Stagg St, Los Angeles, CA 91405
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Los Angeles.
      14538 Keswick St, Los Angeles, CA 91405
      View Details
    • $2 SF/Yr
      1,280 SF

      Retail Space on Vanowen Street

      First floor retail space available for rent.
      14525-14529 Vanowen St, Van Nuys, CA 91405
      View Details
    • $24 SF/Yr
      9,000 SF

      Van Nuys Blvd Office Space

      Prime Los Angeles Office, Medical Space Available
      6742 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
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    Van Nuys, CA 91405-2042
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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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