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Property profile & analytics
OFF-MARKET
Estimated value
$5,495,000
Office buildings
15350 Sherman Way Van Nuys, CA 91406-4203
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6824120
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
STEEL FRAME
Total area
124,088 SF
Lot
2.64 ac (115,024 SF)
Zoning code
LAC2
APN
2222-029-019
UPID
US09-6824120
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
-
California Survey Research Services, Inc. (CSRS) Advertising Agency
-
Rent A Wheel Auto Parts Store Discount Store
-
Andrew C Md Wang Physician
-
Securitas Security Services Corporate Office
-
Sherman Plaza Garage (Propark) Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
15350/15400 Sherman Reverse Ll · 8 yrs held
15350/15400 Sherman Reverse Ll
since 2017
7 recorded transactions
Zoning & alternative use
LAC2 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$44 / 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
$367,681
Tax year 2024
Assessed value
$29,449,698
Assessed 2024
Previous assessed
$29,449,698
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$7,697,079
Assessed improvement
$21,752,619
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
124,088 SF
Lot
2.64 ac (115,024 SF)
Zoning code
LAC2
APN
2222-029-019
UPID
US09-6824120
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.
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
2.64 ac
Current owner
From public records · entity-resolved
15350/15400 Sherman Reverse Ll
Individual
Mailing address
1818 701ST W GEORGIA ST VA BRITISH 1ST XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Pr Sherman LLC
—
Deed
related
$18,000,000 · Goldman Sachs Bank USA
Apr 9, 2025
—
Pr Sherman LLC
—
Deed
related
$18,000,000 · Goldman Sachs Bank USA
Aug 17, 2017
$61,900,000
15350/15400 Sherman Reverse Ll
Majestic Office Park Owner LLC
Trustees Deed
$48,700,000 · Wilmington Tr 2015-ccre23 (ce)
Apr 28, 2011
$49,500,000
Majestic Office Park Owner LLC
Eci Sherman Plaza LLC
Grant Deed
—
Apr 8, 2005
$39,000,390
Eci Sherman Plaza LLC
Sherman Way-sepulveda Ltd
Grant Deed
related
—
Jul 1, 1994
—
15350 Sherman Way Ltd
—
Deed Of Trust
related
—
—
—
Majestic Office Park Owner LLC
—
Deed Of Trust
related
$48,700,000 · Cantor Com'l R/e Lndg
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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