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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16215 Devonshire St Granada Hills, CA 91344-6910

    • Investment properties
    • 8,820 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Oct 27, 2023
    $2,250,022
    Value Estimations
    $2,630,000
    Show details
    Cap Rate Potential
    7.7%
    Investment properties
    Location Intelligence
    Property ID
    US09-6449158
    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

    • Investment properties

    Property Details for 16215 Devonshire St

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    8,820 SF
    Zone code
    LAC1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    2679-007-037
    APU
    2679007037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,310,000
      ML approach
      $2,420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,975,000
      6.5%
      $2,750,000
      7%
      $2,550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,365,000
      Market price range: $1.26M - $3.79M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,605,000
      Current use
      RETAIL STORES
      $2,720,000
      Change: +4% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,590,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Granada Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.486
    Latitude
    34.2577
    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
    $28,602
    $1,250,000
    $1,000,000
    $2,250,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      4,339 SF

      17801 Chatsworth St

      STORE/OFFICE (MIXED USE) • 4,339 SF
      17801 Chatsworth St, Granada Hills, CA 91344-5612
      View Details
    • Value Estimation
      $455,000
      10,773 SF

      17007 Chatsworth St

      STORE/OFFICE (MIXED USE) • 10,773 SF
      17007 Chatsworth St, Granada Hills, CA 91344-5845
      View Details
    • Value Estimation
      $305,000
      5,834 SF

      10701 Balboa Blvd

      STORE/OFFICE (MIXED USE) • 5,834 SF
      10701 Balboa Blvd, Granada Hills, CA 91344
      View Details
    • Value Estimation
      $280,000
      4,875 SF

      17817 Chatsworth St

      STORE/OFFICE (MIXED USE) • 4,875 SF
      17817 Chatsworth St, Granada Hills, CA 91344-5612
      View Details
    • Value Estimation
      $405,000
      17,443 SF

      10315 Woodley Ave

      STORE/OFFICE (MIXED USE) • 17,443 SF
      10315 Woodley Ave, Granada Hills, CA 91344-6937
      View Details
    • Value Estimation
      $11,010,000
      43,017 SF

      17020 Chatsworth St

      STORE/OFFICE (MIXED USE) • 43,017 SF
      17020 Chatsworth St, Granada Hills, CA 91344-5844
      View Details

    Similar Nearby for Sale

    • $3,250,000
      10,200 SF

      Granada Hills Office Building

      Two-story office building in Granada Hills with flexible occupancy.
      17037 Chatsworth St, Granada Hills, CA 91344
      View Details
    • $250,000

      Land For Sale

      Land available for sale in Los Angeles, CA.
      10666 Zelzah Ave, Los Angeles, CA 91344
      View Details
    • New
      $1,299,000
      0.60 Acres

      Granada Hills Land for Development

      Over half an acre ideal for townhouse development in Granada Hills.
      10810 Woodley Ave, San Fernando, CA 91344
      View Details
    • $1,200,000

      Land Available in Los Angeles

      Land for sale in Los Angeles, California.
      17900 Bull Canyon Rd, San Fernando, CA 91344
      View Details
    • $2,595,000

      Commercial Land Available for Sale

      Commercial land for sale, Kingsbury St, Los Angeles, CA
      17520 Kingsbury St, Los Angeles, CA 91344
      View Details
    • $16,000,000
      219,106.80 Acres

      Expansive Land in Granada Hills

      54.37 acres of raw land in Los Angeles.
      1 Sesnon Blvd, San Fernando, CA 91344
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      29 SF

      Granada Hills Class A Office

      Class A office space in Granada Hills business district.
      16800 Devonshire St, Granada Hills, CA 91344
      View Details
    • $40 SF/Yr
      44,000 SF

      Doctors Medical Plaza: LA Office Space

      Prime Medical Office Space, West San Fernando Valley.
      10515 Balboa Blvd, Los Angeles, CA 91344
      View Details
    • $2 SF/Yr
      12,381 SF

      Prime Granada Hills Office Space

      Executive Suites, 820 sq ft Available
      16800 Devonshire St, Los Angeles, CA 91344
      View Details
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    Granada Hills, CA 91344-6910
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    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
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