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Property profile & analytics
FOR LEASE
Industrial land
16345 Raymer St Van Nuys, CA 91406
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9102680
For Lease
$8,590,000
16345 Raymer St, Van Nuys, CA 91406
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1990
Lot
2.68 ac (116,666 SF)
Zoning code
LAM2
APN
2205-029-048
UPID
US09-9102680
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
-
Tumbleweed Transportation School Bus Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.59M
Owner & transaction history
Rexford Industrial-van Nuys Ai · 5 yrs held
Rexford Industrial-van Nuys Ai
since 2020
Last sale
$9.1M
6 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
Method
Estimation
Statistic approach
$7,970,000
ML approach
$8,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.59M
Range $7.73M – $9.45M · ±10% · vs last sale $9.07M (Dec 4 2020)
Last sale anchor
$9.07M
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
—
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
$118,657
Tax year 2024
Assessed value
$9,628,933
Assessed 2024
Previous assessed
$9,628,933
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$9,628,933
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Year built
1990
Heating
NONE
Lot
2.68 ac (116,666 SF)
Zoning code
LAM2
APN
2205-029-048
UPID
US09-9102680
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
1990
Heating
NONE
Lot
2.68 ac
Current owner
From public records · entity-resolved
Rexford Industrial-van Nuys Ai
Individual
Free & Clear · 5 yrs held
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
$9,074,000
Rexford Industrial-van Nuys Ai
Building Number Twenty-six LLC
Grant Deed
—
Nov 6, 2008
—
Building Number Twenty-six LLC
Daily Dean C II
Grant Deed
—
Nov 21, 2007
—
1970 Trust
Dailey Charles M
Grant Deed
related
—
Aug 24, 2007
$2,520,000
Daily Dean C II Tr
Daily Charles M
Grant Deed
related
—
Jul 26, 2007
—
Daily Family Trust
Daily Family Trust
Quit Claim Deed
related
—
Jul 25, 2006
—
Daily Family Trust
—
Trustees Deed
related
$3,710,963 · First Private Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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