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Property profile & analytics
OFF-MARKET
Estimated value
$6,385,000
Office buildings
15400 Sherman Way Van Nuys, CA 91406-4271
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6824121
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
STEEL FRAME
Total area
150,759 SF
Lot
2.72 ac (118,478 SF)
Zoning code
LAC2
APN
2222-030-013
UPID
US09-6824121
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
-
Interviewing Service of America Corporate Office
-
Artisan Entertainment Headquarters Television Studio Media Distribution
-
Asian Community Counseling Counselor Mental Health Clinic
-
Gurnick Academy - Van Nuys Campus Private College College
-
State Disability Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.39M
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
$42 / 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
$428,935
Tax year 2024
Assessed value
$34,357,983
Assessed 2024
Previous assessed
$34,357,983
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$7,920,183
Assessed improvement
$26,437,800
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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
150,759 SF
Lot
2.72 ac (118,478 SF)
Zoning code
LAC2
APN
2222-030-013
UPID
US09-6824121
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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
2.72 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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Pr Sherman LLC
—
Deed
related
$27,500,000 · 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
—
—
—
Majestic Office Park Owner LLC
—
Deed Of Trust
related
$48,700,000 · Cantor Com'l R/e Lndg
—
—
Sherman Way-sepulveda
—
Deed Of Trust
related
$595,600 · Us Small Business Admn
—
—
Eci Sherman Plaza LLC
—
Deed Of Trust
related
$40,200,000 · Bank Of America
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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