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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Warehouses
18307 Napa St Northridge, CA 91325-3617
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0524094
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
5,787 SF
Lot
0.27 ac (11,884 SF)
Zoning code
LACM
APN
2786-003-033
UPID
US10-0524094
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
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.11M
Owner & transaction history
Ik Property Investments LLC · 5 yrs held
Ik Property Investments LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
LACM · Northridge, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+57.4%
Medical building
$2.6M
+54.7%
Office building
$2.6M
+52.7%
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 Northridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northridge 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
$2,320,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,700,000
Current use
AUTO REPAIR, GARAGE
$2,675,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$2,630,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$2,595,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,790,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,690,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±10% · vs last sale $1.95M (Apr 16 2021)
Last sale anchor
$1.95M
Apr 16 2021
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
$365 / 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
$25,825
Tax year 2024
Assessed value
$2,069,355
Assessed 2024
Previous assessed
$2,069,355
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,273,449
Assessed improvement
$795,906
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,787 SF
Lot
0.27 ac (11,884 SF)
Zoning code
LACM
APN
2786-003-033
UPID
US10-0524094
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Northridge, CA
Zoning LACM · permitted uses
LACM · Northridge, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ik Property Investments LLC
Entity
Mailing address
2290 GLOAMING WAY, BEVERLY HILLS, CA 90210-1717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 16, 2021
$1,950,000
Ik Property Investments LLC
Shigeo Charles Asamoto
Grant Deed
$975,000 · City National Bank
Apr 16, 2021
—
Ik Property Investments LLC
—
Deed
related
$792,000 · California Statewide Certified Developme
Oct 22, 2018
—
Shigeo C Asamoto
—
Deed
related
—
Dec 21, 1994
$499,000
Shigeo C Asamoto
Arcomano,joseph & Theda J
Grant Deed
$449,000 · Money Store Investment Corp
—
—
Shigeo C Asamoto
—
Loan Modification
related
—
—
—
Shigeo C Asamoto
—
Deed Of Trust
related
$550,000 · Affinity Bank
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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