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    7024 Deering Ave Canoga Park, CA 91303-2105
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    Property profile & analytics

    7024 Deering Ave Canoga Park, CA 91303-2105

    View on Map
    • Office buildings
    • 3,564 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US09-8195661
    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.
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 7024 Deering Ave

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Property size
    3,564 SF
    Zone code
    LAMR1
    Property type
    Office buildings
    APN
    2138-015-044
    APU
    2138015044

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $845,000
      Market price range: $846k - $1.69M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,055,000
      WAREHOUSE, STORAGE
      $1,045,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canoga Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.596
    Latitude
    34.198
    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
    $4,451
    $28,321
    $288,537
    $316,858
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,065,000
      24,197 SF

      21054 Sherman Way

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      21054 Sherman Way, Canoga Park, CA 91303-1777
      View Details
    • Value Estimation
      $4,810,000
      24,411 SF

      21010 Vanowen St

      OFFICE BUILDING • 24,411 SF
      21010 Vanowen St, Canoga Park, CA 91303-2804
      View Details
    • Value Estimation
      $1,185,000
      5,622 SF

      7060 Owensmouth Ave

      OFFICE BUILDING • 5,622 SF
      7060 Owensmouth Ave, Canoga Park, CA 91303-3182
      View Details
    • Value Estimation
      $675,000
      3,659 SF

      7257 Owensmouth Ave

      PROFESSIONAL BUILDING • 3,659 SF
      7257 Owensmouth Ave, Canoga Park, CA 91303-3903
      View Details
    • Value Estimation
      $2,310,000
      12,679 SF

      22134 Sherman Way

      OFFICE BUILDING (MULTI-STORY) • 12,679 SF
      22134 Sherman Way, Canoga Park, CA 91303-1136
      View Details
    • Value Estimation
      $17,170,000
      76,400 SF

      21120 Vanowen St

      OFFICE BUILDING • 76,400 SF
      21120 Vanowen St, Canoga Park, CA 91303-2821
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Building Near Warner Center

      Office building with parking and potential for medical uses.
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      3,700 SF

      Retail/Industrial/Creative Building For Sale

      Mixed-use building suitable for retail, industrial, or creative purposes.
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      Retail Storefront in Sherman Corridor

      1,500 SF retail storefront in Canoga Park for sale.
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    • $2,850,000
      5,242 SF

      New Woodland Hills Townhome Community

      Four modern townhomes in a high-demand Woodland Hills location.
      6420 Hanna Ave, Woodland Hills, CA 91303
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    • $1,585,000

      22137 Gault, Canoga Park, CA 91303

      Triplexes
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    • New
      $1,585,000
      Pending

      Canoga Park Triplex Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Multi-Tenant Commercial Building Available

      Multi-tenant commercial building with 10,659 SF available for lease.
      21721 Vanowen St, Los Angeles, CA 91303
      View Details
    • $1.85 SF/Yr

      Warner Center Office Space Available

      Office space featuring five offices, kitchen, conference room, and reception.
      6930 Owensmouth Ave, Canoga Park, CA 91303
      View Details
    • Contact for pricing

      Sherman Way Retail/Office Space

      Retail and office spaces available on Sherman Way.
      22122-22126 Sherman Way, Los Angeles, CA 91303
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Warner Center.
      6930 Owensmouth Ave, Canoga Park, CA 91303
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 480 to 800 SqFt.
      21054 Sherman Way, Los Angeles, CA 91303
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Single tenant office space available for rent, 4,000 SqFt.
      7318 Topanga Canyon Blvd, Los Angeles, CA 91303
      View Details
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    7024 Deering Ave
    Canoga Park, CA 91303-2105
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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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