Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15217 Burbank Blvd Van Nuys, CA 91411

    • Retail space
    • 2,387 SF
    • 0.21 lot acres
    For Sale
    View listing
    $1,799,000
    Last Sale
    Sep 27, 2024
    $1,650,000
    Value Estimations
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence
    Property ID
    US09-6913418
    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

    • Law Office of Joan Lauricella, Abogados de Accidentes Cerca de Mi / Attorney / Civil Law Attorney
    • Law Offices / Attorney
    • Law Serv Legal / Attorney

    Property Details for 15217 Burbank Blvd

    Year built
    1957
    Construction
    TILT-UP CONCRETE
    Lot size
    0.21 lot acres
    Property size
    2,387 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    2243-008-061
    APU
    2243008061

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,650,000
      ML approach
      $1,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,034,000
      Market price range: $538k - $1.92M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,270,000
      Current use
      AUTO REPAIR, GARAGE
      $1,730,000
      Change: +36% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,455,000
      Change: +14% Conversion: Moderate
      MEDICAL BUILDING
      $1,085,000
      Change: -15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,030,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.465
    Latitude
    34.1725
    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
    $6,275
    $467,098
    $0.00
    $467,098
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      5,500 SF

      14520 Friar St

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      14520 Friar St, Van Nuys, CA 91411-2308
      View Details
    • Value Estimation
      $520,000
      11,003 SF

      14851 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,003 SF
      14851 Victory Blvd, Van Nuys, CA 91411-1558
      View Details
    • Value Estimation
      $955,000
      2,334 SF

      14625 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,334 SF
      14625 Victory Blvd, Van Nuys, CA 91411-1622
      View Details
    • Value Estimation
      $295,000
      4,285 SF

      14515 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,285 SF
      14515 Victory Blvd, Van Nuys, CA 91411-1619
      View Details
    • Value Estimation
      $245,000
      3,458 SF

      5916 Sepulveda Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,458 SF
      5916 Sepulveda Blvd, Van Nuys, CA 91411-2509
      View Details
    • Value Estimation
      $2,630,000
      4,000 SF

      6222 Sepulveda Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      6222 Sepulveda Blvd, Van Nuys, CA 91411-1110
      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
      View Details
    • $2,149,999
      5,000 SF

      Los Angeles Flex Space Investment

      Prime LA flex space, high potential.
      14518 Erwin St, Los Angeles, CA 91411
      View Details
    • $115,000

      Van Nuys Automotive Property

      5,000 SF Class B industrial property in Van Nuys.
      14701 Calvert St, Los Angeles, CA 91411
      View Details
    • $1,275,000

      Parking Lot Near Victory Blvd

      Parking lot near Victory Blvd and Sepulveda Blvd for sale.
      6243 Halbrent Ave, Van Nuys, CA 91411
      View Details
    • $12,250,000

      Erwin Street Commercial Property

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

      Well-Maintained Multifamily Property

      Free-standing 2-bedroom home with three 1-bedroom units.
      14757 Sylvan St, Los Angeles, CA 91411
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,155 SF

      Retail Space on Sepulveda Boulevard

      Retail space available for rent on Sepulveda Boulevard.
      6411 Sepulveda Blvd, Van Nuys, CA 91411
      View Details
    • Contact for pricing
      26,749 SF

      Prime Los Angeles Retail Space

      Sepulveda Blvd Retail Center - High Traffic
      6411 Sepulveda Blvd, Los Angeles, CA 91411
      View Details
    • $33 SF/Yr
      43,212 SF

      Van Nuys Retail Space Available

      Prime Retail Space, High Traffic Area
      6265 Sepulveda Blvd, Los Angeles, CA 91411
      View Details
    • $1,575 /Mo
      77,790 SF

      Van Nuys Office Space Available

      Multiple office buildings for lease in a high-traffic area.
      14723 Oxnard St, Van Nuys, CA 91411
      View Details
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15217 Burbank Blvd
    Van Nuys, CA 91411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.