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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Flex space
16000 Strathern St Van Nuys, CA 91406-1316
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7788613
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1954
Construction
TILT-UP CONCRETE
Total area
28,040 SF
Lot
1.28 ac (55,873 SF)
Zoning code
LAM2
APN
2206-006-022
UPID
US09-7788613
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
-
Spaceship Recording Recording Studio
-
KISS Printz Marketing & Advertising Advertising Agency
-
Organic Wines Specialty Food Shop Wine and Liquor Store
-
WAAG Aviation - Ground Support Equipment (GSE) Logistics Company Moving Company
-
WAAG Powder Coating, Sandblasting, & Welding Powder Coating Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
Spectrasite Communications LLC
Spectrasite Communications LLC
since 2026
7 recorded transactions
Zoning & alternative use
LAM2 · 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
$106 / 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
$24,243
Tax year 2024
Assessed value
$1,646,762
Assessed 2024
Previous assessed
$1,646,762
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$988,058
Assessed improvement
$658,704
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
4
Total area
28,040 SF
Lot
1.28 ac (55,873 SF)
Zoning code
LAM2
APN
2206-006-022
UPID
US09-7788613
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Van Nuys, CA
Zoning LAM2 · permitted uses
LAM2 · 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
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Bathrooms
4
Lot
1.28 ac
Current owner
From public records · entity-resolved
Spectrasite Communications LLC
Entity
Mailing address
19806 STAGG ST, CANOGA PARK, CA 91306-2654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Spectrasite Communications LLC
16k LLC
Deed
—
Mar 30, 2007
—
16k LLC
Waagenaar Family Trust
Grant Deed
—
May 17, 2005
—
Waagenaar Family Trust
Waagenaar,gary
Quit Claim Deed
related
—
Jun 29, 1995
—
Nordskog,elinor T Trustee
Nordskog,e T
Quit Claim Deed
related
—
Jun 29, 1995
$1,000,000
Waagenaar,gary
Nordskog Trust
Trustees Deed
$515,000 · Seller
Dec 10, 1993
—
Nordskog,elinor T Trustee
Nordskog,e T Tru
Quit Claim Deed
related
—
May 18, 1993
—
Nordskog,elinor T Tr
—
Deed Of Trust
related
—
—
—
Gary Waagenaar
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Gary Waagenaar
—
Deed Of Trust
related
$292,174 · Wells Fargo Bank
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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