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Property profile & analytics
OFF-MARKET
Estimated value
$5,790,000
Retail space
17625 Sherman Way Van Nuys, CA 91406
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-9510223
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
WOOD
Total area
29,272 SF
Lot
1.1 ac (47,883 SF)
Zoning code
LAC2
APN
2228-004-007
UPID
US09-9510223
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.79M
Owner & transaction history
Hk Valley Center LLC · 22 yrs held
Hk Valley Center LLC
since 2004
6 recorded transactions
Zoning & alternative use
LAC2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$198 / 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
$60,688
Tax year 2024
Assessed value
$4,687,018
Assessed 2024
Previous assessed
$4,687,018
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,547,334
Assessed improvement
$3,139,684
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
29,272 SF
Lot
1.1 ac (47,883 SF)
Zoning code
LAC2
APN
2228-004-007
UPID
US09-9510223
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Van Nuys, CA
Zoning LAC2 · permitted uses
LAC2 · 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
1994
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Hk Valley Center LLC
Entity
Mailing address
17643 SHERMAN WAY, VAN NUYS, CA 91406-3510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Sep 21, 2018
—
Hk Valley Center LLC
—
Grant Deed
related
$12,000,000 · Bank Of Hope
Jun 15, 2004
—
Hk Valley Center LLC
H K Valley
Grant Deed
$10,120,000 · Key Bank NA
Jul 24, 1995
—
H K Valley
—
Deed Of Trust
related
$6,200,000 · Bank Of America
Dec 30, 1992
$4,167,500
H K Valley
Sherman Way & Wh
Trustees Deed
$2,917,500 · Seller
Dec 30, 1992
$1,750,000
Sherman Way & White Oak Assoc
First Interstate
Trustees Deed
$650,000 · Seller
—
—
Hk Valley Center LLC
—
Deed Of Trust
related
$10,348,000 · Tomatobank NA
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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