Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7231 Corbin Ave Winnetka, CA 91306-3006

    • Retail space
    • 10,148 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Feb 08, 2024
    $1,325,500
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9646660
    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

    • Dr. Carolina Pablo, A Professional Dental Corp. / Dentist
    • Carolina Pablo / Dentist
    • Winnetka Roofing Experts / Roofing Contractor

    Property Details for 7231 Corbin Ave

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.52 lot acres
    Property size
    10,148 SF
    Zone code
    LAC1
    Property type
    Retail space
    APN
    2115-019-021
    APU
    2115019021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,325,000
      ML approach
      $1,325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $980,000
      Market price range: $472k - $2.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winnetka
    County
    Los Angeles
    State
    California
    Longitude
    -118.563
    Latitude
    34.2023
    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
    $24,412
    $1,093,263
    $777,238
    $1,870,501
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $410,000
      14,496 SF

      20505 Sherman Way

      RETAIL STORES (PERSONAL SERVICES) • 14,496 SF
      20505 Sherman Way, Winnetka, CA 91306-3427
      View Details
    • Value Estimation
      $345,000
      9,933 SF

      20129 Vanowen St

      RETAIL STORES (PERSONAL SERVICES) • 9,933 SF
      20129 Vanowen St, Winnetka, CA 91306-4307
      View Details
    • Value Estimation
      $460,000
      9,853 SF

      20832 Vanowen St

      RETAIL STORES (PERSONAL SERVICES) • 9,853 SF
      20832 Vanowen St, Canoga Park, CA 91306-3748
      View Details
    • Value Estimation
      $355,000
      17,670 SF

      20021 Roscoe Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,670 SF
      20021 Roscoe Blvd, Winnetka, CA 91306-1617
      View Details
    • Value Estimation
      $275,000
      1,576 SF

      20250 Sherman Way

      RETAIL STORES (PERSONAL SERVICES) • 1,576 SF
      20250 Sherman Way, Winnetka, CA 91306-3209
      View Details
    • Value Estimation
      $345,000
      5,990 SF

      7616 Winnetka Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,990 SF
      7616 Winnetka Ave, Winnetka, CA 91306-2686
      View Details

    Similar Nearby for Sale

    • $1,995,000
      4,005 SF

      Prime Winnetka Storefront Trio

      Three-unit retail building, cell tower included.
      19740 Sherman Way, Los Angeles, CA 91306
      View Details
    • $2,100,000

      Winnetka Commercial Property with Cell Tower

      Three commercial units with cell tower income in Winnetka.
      19740 Sherman Way, Winnetka, CA 91306
      View Details
    • $299,999

      Established Auto Repair Business For Sale

      Profitable auto repair business with 22+ years of operation.
      20138 Roscoe Blvd, Winnetka, CA 91306
      View Details
    • $578,900

      Updated Townhome in Gated Community

      Winnetka townhome with remodeled kitchen, bathrooms, and new HVAC.
      20122 Cohasset St, Winnetka, CA 91306
      View Details
    • $599,000
      1,424 SF

      Updated Townhome with Modern Features

      Updated 3-bedroom townhome with modern kitchen, private backyard, and community pool.
      8235 Mason Ave, Winnetka, CA 91306
      View Details
    • $555,000

      Renovated Townhome in Winnetka

      End-unit, renovated townhome with modern amenities and convenient location.
      20807 Roscoe Blvd, Winnetka, CA 91306
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,776 SF

      Sherman Way Retail Space Available

      Retail spaces in a busy Winnetka strip center.
      19744 Sherman Way, Winnetka, CA 91306
      View Details
    • $30 SF/Yr
      5,616 SF

      Winnetka Retail Space For Lease

      Prime Retail Space, 1,334 SF Available
      20200 Saticoy St, Los Angeles, CA 91306
      View Details
    • $30 SF/Yr
      11,384 SF

      Vanowen & Winnetka Retail Space

      Los Angeles Retail, 1,300 SF Available
      20050 Vanowen St, Los Angeles, CA 91306
      View Details
    • $9 SF/Yr
      18,226 SF

      Prime Los Angeles Redevelopment Site

      Former gas station, large lot, ideal for redevelopment.
      8659 Corbin Ave, Los Angeles, CA 91306
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7231 Corbin Ave
    Winnetka, CA 91306-3006
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.