Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    15922 Strathern St Van Nuys, CA 91406

    • Manufacturing properties
    • 22,764 SF
    • 0.97 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Last Sale
    Dec 10, 2020
    $3,475,034
    Value Estimations
    $3,995,000
    Cap Rate Potential
    6.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-7788595
    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

    • Crespin Ornamental Design / Welder
    • TOP TEAM HVAC / Hvac Contractor / Air Conditioning Contractor
    • Orion HVAC / Hvac Contractor
    • Jeff's Lock and Key / Service Establishment / Locksmith
    • AH Locksmith Services / Locksmith / Emergency Locksmith Service

    Property Details for 15922 Strathern St

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.97 lot acres
    Property size
    22,764 SF
    Zone code
    LAM2
    Property type
    Manufacturing properties
    APN
    2206-006-011
    APU
    2206006011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,985,000
      ML approach
      $3,965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,435,000
      6.5%
      $4,095,000
      7%
      $3,800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.48
    Latitude
    34.2152
    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
    $73,731
    $4,244,832
    $1,591,812
    $5,836,644
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      43,056 SF

      16738 Stagg St

      MANUFACTURING (LIGHT) • 43,056 SF
      16738 Stagg St, Van Nuys, CA 91406-1635
      View Details
    • Value Estimation
      $600,000
      38,615 SF

      16742 Stagg St

      MANUFACTURING (LIGHT) • 38,615 SF
      16742 Stagg St, Van Nuys, CA 91406-1641
      View Details
    • Value Estimation
      $670,000
      24,000 SF

      15750 Strathern St

      HEAVY MANUFACTURING • 24,000 SF
      15750 Strathern St, Van Nuys, CA 91406-1319
      View Details
    • Value Estimation
      $290,000
      4,344 SF

      16153 Valerio St

      MANUFACTURING (LIGHT) • 4,344 SF
      16153 Valerio St, Van Nuys, CA 91406-2917
      View Details
    • Value Estimation
      $565,000
      13,100 SF

      15541 Lanark St

      MANUFACTURING (LIGHT) • 13,100 SF
      15541 Lanark St, Van Nuys, CA 91406-1412
      View Details
    • Value Estimation
      $490,000
      9,360 SF

      16147 Cantlay St

      MANUFACTURING (LIGHT) • 9,360 SF
      16147 Cantlay St, Van Nuys, CA 91406-3416
      View Details

    Similar Nearby for Sale

    • $18,075,000
      59,669 SF

      Turn-Key Film/TV Studio

      59,669 SF film/TV studio, ideal for light industrial conversion.
      16829 Saticoy St, Van Nuys, CA 91406
      View Details
    • $7,900,000
      35,000 SF

      Prime Van Nuys Industrial Campus

      35,000 SF Multi-Use Facility, $7.9M
      16214-16300 Lindbergh St, Los Angeles, CA 91406
      View Details
    • $6,900,000
      35,007 SF

      Van Nuys Manufacturing/Industrial Facility

      Value-add industrial facility near Van Nuys Airport.
      16214-16300 Lindbergh St, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      22,701 SF

      Cultivation, Manufacturing, Distribution Ready Property

      22,701 SF building on 28,749 SF land for sale.
      7030 Hayvenhurst Ave, Van Nuys, CA 91406
      View Details
    • $2,950,000
      7,500 SF

      Van Nuys Freestanding Building

      7,500 SF flex/industrial building in Van Nuys, CA.
      7112-7118 De Celis Pl, Van Nuys, CA 91406
      View Details
    • $17,500,000
      40,303 SF

      Van Nuys Industrial Investment Property

      Industrial property near Van Nuys Airport with strong credit tenant.
      7751 Hayvenhurst Ave, Van Nuys, CA 91406
      View Details

    Similar Nearby for Lease

    • $1.85 SF/Yr
      1,111 SF

      Van Nuys Industrial Space

      Industrial and manufacturing space for lease in Van Nuys.
      15406 Cabrito Rd, Van Nuys, CA 91406
      View Details
    • $1.69 SF/Yr
      15,365 SF

      Warehouse/Distribution Space Available

      Exceptional warehouse and distribution space with secured parking.
      6711 Odessa Ave, Van Nuys, CA 91406
      View Details
    • $1.79 SF/Yr
      2,600 SF

      Van Nuys Warehouse Space Available

      Warehouse space near Van Nuys Airport with new roof.
      7647 Hayvenhurst Ave, Van Nuys, CA 91406
      View Details
    • $1.55 SF/Yr
      17,330 SF

      Van Nuys Warehouse with Yard

      Warehouse with secure, fenced yard adjacent to Van Nuys Airport.
      15958 Arminta St, Los Angeles, CA 91406
      View Details
    • $1.55 SF/Yr
      6,806 SF

      Van Nuys Warehouse Space Available

      Warehouse space in Van Nuys, close to 405 Fwy.
      15954 Arminta St, Van Nuys, CA 91406
      View Details
    • $1.89 SF/Yr
      4,868 SF

      Van Nuys Freestanding Warehouse

      Freestanding warehouse with fenced parking and full air conditioning.
      16141 Leadwell St, Van Nuys, CA 91406
      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.
    15922 Strathern St
    Van Nuys, CA 91406
    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.