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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6605 Fallbrook Ave West Hills, CA 91307-3520

    • Grocery and convenience stores
    • 40,991 SF
    • 4.75 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2024
    Value Estimations
    $12,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8649239
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Costume Store / Party Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 6605 Fallbrook Ave

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    4.75 lot acres
    Property size
    40,991 SF
    Zone code
    LAC2
    Property type
    Grocery and convenience stores
    APN
    2038-040-015
    APU
    2038040015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,115,000
      6.5%
      $13,950,000
      7%
      $12,955,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,409,000
      Market price range: $1.98M - $7.41M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $17,980,000
      Current use
      AUTO REPAIR, GARAGE
      $18,960,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $18,635,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.624
    Latitude
    34.1893
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $299,442
    $3,517,983
    $20,333,468
    $23,851,451
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,115,000
      47,476 SF

      6534 Platt Ave

      GROCERY, SUPERMARKET • 47,476 SF
      6534 Platt Ave, West Hills, CA 91307-3218
      View Details
    • Value Estimation by Request
      40,000 SF

      Nwc Of Shaw Ave & Ave

      Individual retail properties • 40,000 SF
      0 Nwc Of Shaw Ave & Ave, Bell Canyon, CA 91307
      View Details
    • Value Estimation
      $3,240,000
      5,124 SF

      6740 Fallbrook Ave

      FINANCIAL BUILDING • 5,124 SF
      6740 Fallbrook Ave, West Hills, CA 91307-3935
      View Details
    • Value Estimation
      $2,295,000
      12,776 SF

      6401 Platt Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,776 SF
      6401 Platt Ave, West Hills, CA 91307-3200
      View Details
    • Value Estimation
      $1,595,000
      6,300 SF

      24335 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      24335 Victory Blvd, West Hills, CA 91307-2849
      View Details
    • Value Estimation
      $3,600,000
      7,820 SF

      29105 Canwood St

      RETAIL STORES (PERSONAL SERVICES) • 7,820 SF
      29105 Canwood St, West Hills, CA 91307
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Land For Sale

      Land available for purchase.
      93 Flintlock Ln, Bell Canyon, CA 91307
      View Details
    • $359,000
      45,302.00 Acres

      Bell Canyon Acre Lot Opportunity

      Rare 1-acre lot in guard-gated Bell Canyon community.
      148 Stagecoach Rd, Bell Canyon, CA 91307
      View Details
    • $599,000
      104,108.00 Acres

      Bell Canyon View Estate Lot

      2.5 acre view lot in guard-gated Bell Canyon community.
      73 Dapplegray Rd, Bell Canyon, CA 91307
      View Details
    • $4,900,000
      15,960 SF

      West Hills Office Building For Sale

      Office building with secured access and freeway proximity in West Hills.
      22736 Vanowen St, West Hills, CA 91307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Prime Fresno Retail Center

      High-traffic location, multiple tenants.
      0 Nwc Of Shaw Ave & Ave, Bell Canyon, CA 91307
      View Details
    • $23 SF/Yr
      2,540 SF

      West Hills Retail Space for Lease

      2,540 SF Fitness-Related Retail Space
      6653 Fallbrook Ave, Los Angeles, CA 91307
      View Details
    • Contact for pricing
      2,034 SF

      Medical Office Building, Los Angeles

      Prime Medical Office Space, Vanowen St.
      22950 Vanowen St, Los Angeles, CA 91307
      View Details
    • $18 SF/Yr
      6,304 SF

      Vanowen Street Executive Offices

      West Hills Executive Suites Available
      22736 Vanowen St, Los Angeles, CA 91307
      View Details
    • $2 SF/Yr
      15,960 SF

      West Hills Office Space Available

      Office space for rent with easy freeway access.
      22736 Vanowen St, West Hills, CA 91307
      View Details
    • $2 SF/Yr
      5,666 SF

      West Hills Executive Office Suites

      Premium Office Space Available Now
      6700 Fallbrook Ave, Los Angeles, CA 91307
      View Details
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    6605 Fallbrook Ave
    West Hills, CA 91307-3520
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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