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Property profile & analytics
OFF-MARKET
Estimated value
$18,220,000
Medical Office Space
15211 Vanowen St Van Nuys, CA 91405-3606
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6336053
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
TILT-UP CONCRETE
Total area
49,460 SF
Lot
1.11 ac (48,382 SF)
Zoning code
LAC2
APN
2220-020-020
UPID
US09-6336053
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
-
Valley Presbyterian Professional Center Hospital
-
Chris Hospital
-
Christopher Clauss, PT Medical Clinic
-
Dr. Lomis Comprehensive Surgical Center: Lomis Thomas MD Physician Hospital
-
Valley Breast Care and Women's Health Center Health Obstetrician-Gynecologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.22M
Owner & transaction history
15211 Vanowen Associates LLC · 5 yrs held
15211 Vanowen Associates LLC
since 2021
Last sale
$20.0M
4 recorded transactions
Zoning & alternative use
LAC2 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$30.1M
+33.9%
Restaurant
$27.7M
+23.1%
Retail stores
$26.3M
+17.1%
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
$18,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,635,000
6.5%
$14,430,000
7%
$13,400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$22,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$30,100,000
Change: +34% · Conversion: Difficult
RESTAURANT
$27,685,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$26,325,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,300,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$18,045,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$18.22M
Range $16.40M – $20.04M · ±10% · vs last sale $20.00M (Mar 15 2021)
Last sale anchor
$20.00M
Mar 15 2021
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
$368 / 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
$260,142
Tax year 2024
Assessed value
$21,224,159
Assessed 2024
Previous assessed
$21,224,159
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,645,626
Assessed improvement
$15,578,533
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
3
Total area
49,460 SF
Lot
1.11 ac (48,382 SF)
Zoning code
LAC2
APN
2220-020-020
UPID
US09-6336053
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
MEDICAL BUILDING Current
Est. value
$22.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.1M
RESTAURANT
Est. value
$27.7M
RETAIL STORES
Est. value
$26.3M
COMMERCIAL (GENERAL)
Est. value
$21.3M
OFFICE BUILDING
Est. value
$18.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.11 ac
Current owner
From public records · entity-resolved
15211 Vanowen Associates LLC
Entity
Mailing address
17404 VENTURA BLVD2NDFL, ENCINO, CA 91316-3875
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
$200,000
15211 Vanowen Associates LLC
Healthcare Realty Trust Incorporate
Grant Deed
$13,000,000 · Aetna Life Insurance Co
Apr 21, 1999
—
Valley Presbyterian Hospital
—
Deed Of Trust
related
—
Jun 30, 1993
—
Valley Presbyterian Hospital
Smog Real Estate
Quit Claim Deed
related
—
Jun 25, 1993
$7,450,000
Healthcare Realty Trust INC
Valley Presbyter
Grant Deed
$1,000,000 · Valley Presbyter
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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