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Property profile & analytics
OFF-MARKET
Estimated value
$9,790,000
Warehouses
16201 Stagg St Van Nuys, CA 91406-1716
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7828248
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TILT-UP CONCRETE
Total area
25,783 SF
Lot
1.3 ac (56,610 SF)
Zoning code
LAM2
APN
2205-004-047
UPID
US09-7828248
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
-
American Olean, Marazzi Sales Service Center Hardware & Home Improvement Carpet & Flooring Store
-
Cornerstone Records Management Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.14M
Blend (final)
Blend
$9.79M
Owner & transaction history
Rexford Van Nuys Airport Indl · 5 yrs held
Rexford Van Nuys Airport Indl
since 2020
Last sale
$9.4M
6 recorded transactions
Zoning & alternative use
LAM2 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$15.7M
+107.1%
Restaurant
$14.4M
+90.5%
Retail stores
$13.7M
+81.1%
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
Method
Estimation
Statistic approach
$11,680,000
ML approach
$10,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,575,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,690,000
Change: +107% · Conversion: Moderate
RESTAURANT
$14,430,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$13,720,000
Change: +81% · Conversion: Moderate
MEDICAL BUILDING
$11,720,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,105,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$9,405,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$9.79M
Range $8.81M – $10.77M · ±10% · vs last sale $9.38M (Dec 4 2020)
Last sale anchor
$9.38M
Dec 4 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$380 / 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
$123,777
Tax year 2024
Assessed value
$9,954,130
Assessed 2024
Previous assessed
$9,954,130
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$6,579,489
Assessed improvement
$3,374,641
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
25,783 SF
Lot
1.3 ac (56,610 SF)
Zoning code
LAM2
APN
2205-004-047
UPID
US09-7828248
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.7M
RESTAURANT
Est. value
$14.4M
RETAIL STORES
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$11.1M
OFFICE BUILDING
Est. value
$9.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Rexford Van Nuys Airport Indl
Individual
Mailing address
11620 WILSHIRE BLVD10THFL, LOS ANGELES, CA 90025-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
$9,380,000
Rexford Van Nuys Airport Indl
Number Twenty-three L Building
Grant Deed
—
Apr 7, 2017
—
Building Number Twenty-three L
—
Deed
related
$2,900,000 · Miscellaneous Ins Co
Sep 17, 2008
—
Number Twenty-three L Building
Daily Dean C II
Grant Deed
—
Jul 26, 2007
—
Daily Family Trust
Daily Family Trust
Quit Claim Deed
related
—
—
—
Number Twenty-three L Building
—
Deed Of Trust
related
$2,050,000 · Kansas City Life Insurance Co
—
—
Building Number Twenty-three L
—
Deed Of Trust
related
$2,900,000 · Miscellaneous Ins Co
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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