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

    16134 Hart St Van Nuys, CA 91406-3903

    • Office buildings
    • 8,432 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Aug 03, 2023
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7780162
    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

    • Sustainable Energy Institute \Council On Renewable Energy / Telemarketing Service

    Property Details for 16134 Hart St

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    8,432 SF
    Zone code
    LAM1
    Property type
    Office buildings
    APN
    2224-024-010
    APU
    2224024010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $368,000
      Market price range: $231k - $1.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.485
    Latitude
    34.1973
    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
    $13,191
    $308,238
    $711,239
    $1,019,477
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      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
      $535,000
      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
      $2,445,000
      4,626 SF

      16015 Sherman Way

      OFFICE BUILDING • 4,626 SF
      16015 Sherman Way, Van Nuys, CA 91406-4023
      View Details
    • Value Estimation
      $310,000
      8,296 SF

      6735 Odessa Ave

      OFFICE BUILDING • 8,296 SF
      6735 Odessa Ave, Van Nuys, CA 91406-5747
      View Details
    • Value Estimation
      $315,000
      1,180 SF

      6817 Woodley Ave

      OFFICE BUILDING • 1,180 SF
      6817 Woodley Ave, Van Nuys, CA 91406-4833
      View Details
    • Value Estimation
      $340,000
      124,088 SF

      15350 Sherman Way

      OFFICE BUILDING (MULTI-STORY) • 124,088 SF
      15350 Sherman Way, Van Nuys, CA 91406-4203
      View Details

    Similar Nearby for Sale

    • 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
    • $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
    • $165,000

      Mediterranean Restaurant Opportunity on Balboa

      Thriving Mediterranean eatery for sale on Balboa Blvd.
      7600 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • $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
    • $3,895,000

      Woodley Avenue Investment Opportunity

      Commercial property available for sale in Los Angeles.
      6461 Woodley Ave, Van Nuys, CA 91406
      View Details
    • $2,100,000
      4,800 SF

      Van Nuys Quadruplex Opportunity

      Well-maintained Van Nuys quadplex with condominium conversion potential.
      6512 Balboa Blvd, Van Nuys, CA 91406
      View Details

    Similar Nearby for Lease

    • $1.90 SF/Yr
      1,100 SF

      Woodman Ave Executive Office Space

      Prime Van Nuys Office/Retail Space Available
      6016-6024 Woodman Ave, Los Angeles, CA 91406
      View Details
    • $2 SF/Yr

      Office Space Available For Rent

      Office space for rent at 6345 Balboa Boulevard.
      6345 Balboa Blvd, Encino, CA 91406
      View Details
    • $2 SF/Yr
      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
    • $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
    • $2 SF/Yr
      3,179 SF

      Van Nuys Office/Medical Space

      First floor office or medical space available for rent.
      16380 Roscoe Blvd, Van Nuys, CA 91406
      View Details
    • $2 SF/Yr
      3,599 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.
    16134 Hart St
    Van Nuys, CA 91406-3903
    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.