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Property profile & analytics
OFF-MARKET
Estimated value
$10,260,000
Office buildings
16650 Sherman Way, Van Nuys, CA 91406-3782
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6812595
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
41,524 SF
Lot
2.01 ac (87,542 SF)
Zoning code
LAP
APN
2225-005-014
UPID
US09-6812595
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
-
SFVCMHC JORGE VEGA CENTER Crisis Center Medical Clinic
-
Cornerstone FCCS Crisis Center Medical Clinic
-
Stefanie Okumura Rehabilitation Center Social Worker
-
Edna Ambriz Rehabilitation Center
-
Yasuri Rivas Rehabilitation Center Social Worker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.26M
Owner & transaction history
16650 Sherman Way LLC · 1 yrs held
16650 Sherman Way LLC
since 2024
7 recorded transactions
Zoning & alternative use
LAP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,150,000
Current use
WAREHOUSE, STORAGE
$12,200,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$10.26M
Range $9.23M – $11.29M · ±10%
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
$247 / 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
$141,451
Tax year 2024
Assessed value
$11,236,380
Assessed 2024
Previous assessed
$11,236,380
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$7,196,335
Assessed improvement
$4,040,045
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Total area
41,524 SF
Lot
2.01 ac (87,542 SF)
Zoning code
LAP
APN
2225-005-014
UPID
US09-6812595
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Van Nuys, CA
Zoning LAP · permitted uses
LAP · 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
OFFICE BUILDING Current
Est. value
$15.2M
WAREHOUSE, STORAGE
Est. value
$12.2M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1990
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
16650 Sherman Way LLC
Entity
Free & Clear · 1 yrs held
Mailing address
692 CALLE MANDARINAS DR, THOUSAND OAKS, CA 91360-2218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
16650 Sherman Way LLC
Wilson Weldon
Grant Deed
—
Dec 13, 2024
—
Wilson Weldon
Wilson Weldon
Deed
related
—
Oct 7, 2024
—
Wilson Weldon
Wilson Weldon
Intrafamily Transfer
related
—
Sep 30, 2024
—
Wilson Weldon
Wilson Weldon
Intrafamily Transfer
related
—
Jul 22, 2008
$8,900,000
Weldon Wilson
Century National Props INC
Grant Deed
$2,900,000 · K-w Reinsurance Co Ltd
Mar 3, 2003
—
Century Natl Properties INC
Kramer-wilson Co INC
Grant Deed
related
—
Feb 28, 2003
—
Century National Properties
Kramer-wilson Co INC
Grant Deed
related
—
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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