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    Property profile & analytics

    7540 Balboa Blvd Van Nuys, CA 91406-2769

    • Parking lots & garages
    • 28,000 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2021
    $7,000,070
    Value Estimations
    $6,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8731012
    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

    • Hrant Hovakimyan: Allstate Insurance / Insurance Agency
    • AGS Construction & Design, Inc. / General Contractor
    • LA MANGA CAFE / Cafe & Coffee Shop

    Property Details for 7540 Balboa Blvd

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Property size
    28,000 SF
    Zone code
    LAP
    Property type
    Parking lots & garages
    APN
    2226-025-010
    APU
    2226025010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,070,000
      ML approach
      $6,310,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.5
    Latitude
    34.2079
    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
    $17,598
    $1,352,520
    $0.00
    $1,352,520
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $610,000
      3,116 SF

      8210 Orion Ave

      PARKING LOT • 3,116 SF
      8210 Orion Ave, Van Nuys, CA 91406-1344
      View Details
    • Value Estimation by Request
      829 SF

      7218 Haskell Ave

      PARKING GARAGE, PARKING STRUCTURE • 829 SF
      7218 Haskell Ave, Van Nuys, CA 91406-3256
      View Details
    • Value Estimation by Request
      15,000 SF

      6832 Balboa Blvd

      PARKING LOT • 15,000 SF
      6832 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • Value Estimation
      $2,160,000
      5,000 SF

      15950 Blythe St

      PARKING LOT • 5,000 SF
      15950 Blythe St, Van Nuys, CA 91406-1810
      View Details
    • Value Estimation
      $3,935,000
      7,900 SF

      8040 Langdon Ave

      PARKING LOT • 7,900 SF
      8040 Langdon Ave, Van Nuys, CA 91406
      View Details
    • Value Estimation by Request
      2,448 SF

      15348 Sherman Way

      PARKING LOT • 2,448 SF
      15348 Sherman Way, Van Nuys, CA 91406-4214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Van Nuys Gas Station Opportunity

      Prime hard-corner gas station for sale in Van Nuys.
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      Turnkey Collision Center in Van Nuys

      Fully equipped collision center for sale in Van Nuys.
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      Automotive Site For Sale

      4,000-SF single-tenant automotive site renovated in 2023.
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    • $1,069,000
      0.17 Acres

      Van Nuys Multifamily with ADU

      Multifamily property in Van Nuys with permitted ADU.
      6402 Graves Ave, Van Nuys, CA 91406
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    • $2,995,000
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      Van Nuys Multifamily Investment Opportunity

      Multifamily property in high-demand Van Nuys rental market.
      17007 Vanowen 17013, Van Nuys, CA 91406
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    • $2,100,000
      4,800 SF

      Van Nuys Quadruplex Opportunity

      Well-maintained Van Nuys quadplex with condominium conversion potential.
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    Similar Nearby for Lease

    • $6,000 /Mo
      4,212 SF

      Van Nuys Commercial Lot Lease

      Large lot with 4,212 SF space for lease.
      16955 Sherman Way, Van Nuys, CA 91406
      View Details
    • $2,200 /Mo
      900 SF

      Van Nuys Commercial Space Available

      Office/retail space available in Van Nuys, CA. 900 square feet.
      7600 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail unit with sales floor, office, and storage.
      16045 Sherman Way, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property in Van Nuys, CA, currently 100% leased.
      6817-6821 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • $2,110 /Mo
      3,500 SF

      Van Nuys Commercial Flex Space

      M-1 Light Industrial space near Van Nuys Airport.
      7226 Valjean Ave, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Los Angeles, CA.
      6016-6024 Woodman Ave, Los Angeles, CA 91406
      View Details
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    Van Nuys, CA 91406-2769
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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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