Add Listing
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

    16115 Vanowen St Van Nuys, CA 91406-4822

    • Office buildings
    • 8,400 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2022
    $3,950,039
    Value Estimations
    $3,955,000
    Show details
    Cap Rate Potential
    4.9%
    Office buildings
    Location Intelligence
    Property ID
    US09-8604685
    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

    • Iglesia Pentecostes Jesus Proveera / Church / Mosque

    Property Details for 16115 Vanowen St

    Year built
    1972
    Construction
    TILT-UP CONCRETE
    Lot size
    0.57 lot acres
    Property size
    8,400 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2224-025-027
    APU
    2224025027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,975,000
      ML approach
      $3,940,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,265,000
      6.5%
      $3,015,000
      7%
      $2,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,084,000
      Market price range: $1.86M - $5.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,065,000
      Current use
      AUTO REPAIR, GARAGE
      $6,085,000
      Change: +99% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,110,000
      Change: +67% Conversion: Difficult
      RESTAURANT
      $4,700,000
      Change: +53% Conversion: Moderate
      RETAIL STORES
      $4,470,000
      Change: +46% Conversion: Moderate
      MEDICAL BUILDING
      $3,820,000
      Change: +25% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,620,000
      Change: +18% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,470,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.484
    Latitude
    34.1943
    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
    $50,058
    $2,754,000
    $1,275,000
    $4,029,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,385,000
      150,759 SF

      15400 Sherman Way

      OFFICE BUILDING (MULTI-STORY) • 150,759 SF
      15400 Sherman Way, Van Nuys, CA 91406-4271
      View Details
    • Value Estimation
      $6,210,000
      27,848 SF

      6851 Valjean Ave

      OFFICE BUILDING (MULTI-STORY) • 27,848 SF
      6851 Valjean Ave, Van Nuys, CA 91406-4713
      View Details
    • Value Estimation
      $2,295,000
      4,626 SF

      16015 Sherman Way

      OFFICE BUILDING • 4,626 SF
      16015 Sherman Way, Van Nuys, CA 91406-4023
      View Details
    • Value Estimation
      $1,340,000
      8,296 SF

      6735 Odessa Ave

      OFFICE BUILDING • 8,296 SF
      6735 Odessa Ave, Van Nuys, CA 91406-5747
      View Details
    • Value Estimation by Request
      1,180 SF

      6817 Woodley Ave

      OFFICE BUILDING • 1,180 SF
      6817 Woodley Ave, Van Nuys, CA 91406-4833
      View Details
    • Value Estimation
      $3,570,000
      21,924 SF

      7232 Balboa Blvd

      OFFICE BUILDING • 21,924 SF
      7232 Balboa Blvd, Van Nuys, CA 91406-2701
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cultivation, Manufacturing, Distribution Ready Property

      22,701 SF building on 28,749 SF land for sale.
      7030 Hayvenhurst Ave, Los Angeles, CA 91406
      View Details
    • Contact for pricing
      1,161 SF

      Van Nuys Gas Station Opportunity

      Prime hard-corner gas station for sale in Van Nuys.
      16103 Sherman Way, Los Angeles, CA 91406
      View Details
    • $450,000
      1,230 SF

      Profitable Dental Practice For Sale

      Established dental practice in Van Nuys shopping center with growth potential.
      17607 Sherman Way, Los Angeles, CA 91406
      View Details
    • Contact for pricing
      8,830 SF

      Van Nuys Multifamily Investment Opportunity

      Ten-unit apartment building in Van Nuys, built in 1987.
      7437 Haskell Ave, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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

    • $2,110 /Mo
      3,500 SF

      Van Nuys Commercial Flex Space

      M-1 Light Industrial space near Van Nuys Airport.
      7226 Valjean Ave, Van Nuys, CA 91406
      View Details
    • $2,200 /Mo
      900 SF

      Van Nuys Commercial Space Available

      Office/retail space available in Van Nuys, CA. 900 square feet.
      7600 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      22,634 SF

      Van Nuys Office/Medical Space

      Office/medical space available for rent in Van Nuys, CA.
      16300 Roscoe Blvd, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Commercial Space in Van Nuys

      Commercial space for rent in a vibrant Van Nuys neighborhood.
      15929 Arminta St, Los Angeles, CA 91406
      View Details
    • Contact for pricing
      14,700 SF

      Van Nuys Office/Medical Space

      First floor office or medical space available for rent.
      16380 Roscoe Blvd, Van Nuys, CA 91406
      View Details
    • Contact for pricing
      1,195 SF

      Van Nuys Office Space

      Second floor office space available for rent in Van Nuys.
      16461 Sherman Way, 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.
    16115 Vanowen St
    Van Nuys, CA 91406-4822
    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.
    Sign Up Successful!
    You now have access to more from Realmo!