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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Super regional malls
18501 Devonshire St, Northridge, CA 91324-1308
Individually Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0523201
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1969
Total area
8,628 SF
Lot
1.1 ac (48,035 SF)
Zoning code
LAC2
APN
2728-028-007
UPID
US10-0523201
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
-
Devonshine Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Devonshire,car Care Cente · 31 yrs held
Devonshire,car Care Cente
since 1995
7 recorded transactions
Zoning & alternative use
LAC2 · Northridge, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$221 / 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
$26,251
Tax year 2024
Assessed value
$1,893,928
Assessed 2024
Previous assessed
$1,893,928
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,582,557
Assessed improvement
$311,371
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
8,628 SF
Lot
1.1 ac (48,035 SF)
Zoning code
LAC2
APN
2728-028-007
UPID
US10-0523201
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Northridge, CA
Zoning LAC2 · permitted uses
LAC2 · 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.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Devonshire,car Care Cente
Individual
Mailing address
1380 DOVERWOOD DR, GLENDALE, CA 91207-1147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
—
Devonshire Car Care Center INC
—
Deed
related
$2,950,000 · Woori America Bank
May 14, 2004
—
California Food Svcs Southern
—
Deed Of Trust
related
$68,000,000 · Bank Of America NA Trustee
Jan 31, 1995
$1,185,909
Devonshire,car Care Cente
Exxon,
Trustees Deed
—
—
—
Devonshire Car Care Center INC
—
Deed Of Trust
related
—
—
—
Devonshire Car Care Center INC
—
Deed Of Trust
related
$1,750,000 · Woori America Bank
—
—
Devonshire Car Care Center INC
—
Deed Of Trust
related
$1,500,000 · Uniti Bank
—
—
Devonshire Car Care Center INC
—
Deed Of Trust
related
$1,000,000 · Mobil Oil Corp
Nov 25, 1968
$400,000
—
—
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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