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    Property profile & analytics

    6609 Van Nuys Blvd Van Nuys, CA 91405-4618

    • Retail properties & Spaces
    • 60,000 SF
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Apr 13, 2021
    $11,250,112
    Value Estimations
    $10,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7901599
    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

    • Plants Delivery Van Nuys / Garden Center / Landscaping
    • Spex Appeal Optica / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Orange Octopus Store / Department Store
    • Sam / General Contractor / Renovation Specialist

    Property Details for 6609 Van Nuys Blvd

    Year built
    1951
    Construction
    TILT-UP CONCRETE
    Lot size
    2.09 lot acres
    Property size
    60,000 SF
    Zone code
    LAP
    Property type
    Retail properties & Spaces
    APN
    2236-010-007
    APU
    2236010007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,380,000
      ML approach
      $7,715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.45
    Latitude
    34.191
    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
    $152,522
    $6,367,248
    $5,571,342
    $11,938,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,856 SF

      14533 Vanowen St

      Individual retail properties • 5,856 SF
      14533 Vanowen St, Los Angeles, CA 91405
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    • Value Estimation
      $9,130,000
      44,964 SF

      6633 Van Nuys Blvd

      DEPARTMENT STORE • 44,964 SF
      6633 Van Nuys Blvd, Van Nuys, CA 91405-4638
      View Details
    • Value Estimation by Request
      5,860 SF

      6801 Van Nuys Blvd

      Individual retail properties • 5,860 SF
      6801 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
    • Value Estimation
      $2,670,000
      4,500 SF

      7756 Burnet Ave

      NURSERY, GREENHOUSE, FLORIST • 4,500 SF
      7756 Burnet Ave, Van Nuys, CA 91405-1007
      View Details
    • Value Estimation by Request
      4,067 SF

      7857 Burnet Ave

      NURSERY, GREENHOUSE, FLORIST • 4,067 SF
      7857 Burnet Ave, Van Nuys, CA 91405-1010
      View Details
    • Value Estimation
      $3,965,000
      20,020 SF

      7900 Sepulveda Blvd

      DEPARTMENT STORE • 20,020 SF
      7900 Sepulveda Blvd, Van Nuys, CA 91405-1022
      View Details

    Similar Nearby for Sale

    • $2,775,000
      1,900 SF

      Van Nuys Redevelopment Opportunity

      Freestanding retail building on a large lot, ideal for redevelopment.
      6700 Van Nuys Blvd, Van Nuys, CA 91405
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      Van Nuys Retail Building

      13,755 SF building in high-traffic Van Nuys location.
      6755 Van Nuys Blvd, Los Angeles, CA 91405
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    • $928,000
      1,742 SF

      Commercial Property on Sepulveda Boulevard

      Commercial property in high-traffic area with excellent visibility.
      7214 Sepulveda Blvd, Van Nuys, CA 91405
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      5,860 SF

      Net Leased PLS Financial

      Net leased PLS Financial in Los Angeles, CA for sale.
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    • $2,700,000
      4,080 SF

      Renovated Triplex in Van Nuys

      Modern, renovated triplex featuring spacious units and contemporary finishes.
      7010 Lennox Ave, Van Nuys, CA 91405
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      18,333 SF

      Van Nuys Multifamily Investment Opportunity

      Well-maintained 20-unit apartment building in a central San Fernando Valley location.
      6840 Kester Ave, Los Angeles, CA 91405
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    Similar Nearby for Lease

    • $2,100 /Mo

      6853 Van Nuys Blvd

      Store Front Commercial Property
      6853 Van Nuys Blvd, Van Nuys, CA 91405
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    • $54 SF/Yr
      58,746 SF

      Sherman Way Retail Center

      Los Angeles Retail Space Available
      14435 Sherman Way, Los Angeles, CA 91405
      View Details
    • $2 SF/Yr
      1,280 SF

      Retail Space on Vanowen Street

      First floor retail space available for rent.
      14525-14529 Vanowen St, Van Nuys, CA 91405
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      Multiple retail spaces available for lease with parking and access.
      14435 Sherman Way, Los Angeles, CA 91405
      View Details
    • Contact for pricing

      Retail Space Near Van Nuys

      Retail space adjacent to Van Nuys High School and hospital.
      6633 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available with 5,856 square feet in Van Nuys.
      14533 Vanowen St, Van Nuys, CA 91405
      View Details
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    Van Nuys, CA 91405-4618
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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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