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Property profile & analytics
OFF-MARKET
Estimated value
$10,245,000
Manufacturing properties
31200 Cedar Vly Dr Westlake Village, CA 91362-4035
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6729258
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
TILT-UP CONCRETE
Total area
30,885 SF
Lot
1.31 ac (56,886 SF)
Zoning code
WVM1*
APN
2054-031-030
UPID
US09-6729258
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
$9.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.25M
Owner & transaction history
Shp Vi Holden Westlake LLC · 4 yrs held
Shp Vi Holden Westlake LLC
since 2021
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
WVM1* · Westlake Village, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.3M
+10.5%
Office building
$14.1M
+9.1%
Medical building
$14.0M
+8.6%
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 Westlake Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake Village 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
$10,395,000
ML approach
$9,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,930,000
Current use
AUTO REPAIR, GARAGE
$14,285,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$14,105,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$14,040,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$11,835,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$10.25M
Range $9.22M – $11.27M · ±10% · vs last sale $10.71M (Jul 30 2021)
Last sale anchor
$10.71M
Jul 30 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
$332 / 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
$129,335
Tax year 2024
Assessed value
$11,137,482
Assessed 2024
Previous assessed
$11,137,482
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$8,739,360
Assessed improvement
$2,398,122
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
30,885 SF
Lot
1.31 ac (56,886 SF)
Zoning code
WVM1*
APN
2054-031-030
UPID
US09-6729258
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WVM1* · Westlake Village, CA
Zoning WVM1* · permitted uses
WVM1* · Westlake Village, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westlake Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$14.3M
OFFICE BUILDING
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$14.0M
RETAIL STORES
Est. value
$11.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1.31 ac
Current owner
From public records · entity-resolved
Shp Vi Holden Westlake LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7135 E CAMELBACK RD STE #360, SCOTTSDALE, AZ 85251-1289
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
—
Shp Vi Holden Westlake LLC
—
Deed
related
$48,231,582 · Bokf NA
Jul 30, 2021
$10,705,000
Shp Vi Holden Westlake LLC
Allan H Friedman
Grant Deed
—
Jun 11, 2021
—
Cedar Valley LLC
Jody B Weiss
Grant Deed
—
Feb 26, 2021
—
Shelley J Friedman
Shelley J Friedman
Intrafamily Transfer
related
—
Dec 30, 2014
—
Friedman,l & A Family Trust|friedman,darrell
31200 Cedar Valley Drive LLC
Quit Claim Deed
related
—
Oct 5, 2011
—
31200 Cedar Valley Drive LLC
Friedman L & A Fam Trust
Quit Claim Deed
related
—
Feb 14, 2011
—
Darrell H Friedman
Friedman L & A Family Trust
Quit Claim 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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