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    Property profile & analytics

    7640 Tampa Ave Reseda, CA 91335-1700

    • Office buildings
    • 13,524 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $4,785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6327348
    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. Lilit Baltaian M.D. INC. / Physician
    • Dr. Leo Polosajian / Physician
    • LA Foot and Ankle Care: Dr. Narek Garukyan / Medical Clinic / Physician
    • Cardiac Rhythm Specialists, Inc. Leo Polosajian, MD, FACC, CCDS / Physician
    • Nshan Dekeyan / Physician

    Property Details for 7640 Tampa Ave

    Year built
    1970
    Construction
    TILT-UP CONCRETE
    Lot size
    1.01 lot acres
    Property size
    13,524 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2104-012-066
    APU
    2104012066

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,705,000
      6.5%
      $5,270,000
      7%
      $4,890,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,785,000
      Current use
      AUTO REPAIR, GARAGE
      $7,350,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $6,160,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $5,730,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Reseda
    County
    Los Angeles
    State
    California
    Longitude
    -118.553
    Latitude
    34.2095
    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
    $70,015
    $2,505,804
    $3,064,933
    $5,570,737
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $3,005,000
      9,252 SF

      6120 Yolanda Ave

      OFFICE BUILDING • 9,252 SF
      6120 Yolanda Ave, Tarzana, CA 91335-6843
      View Details
    • Value Estimation
      $1,845,000
      5,202 SF

      7232 Canby Ave

      PROFESSIONAL BUILDING • 5,202 SF
      7232 Canby Ave, Reseda, CA 91335-3006
      View Details
    • Value Estimation
      $1,495,000
      7,552 SF

      7133 Etiwanda Ave

      OFFICE BUILDING • 7,552 SF
      7133 Etiwanda Ave, Reseda, CA 91335-4435
      View Details
    • Value Estimation
      $12,810,000
      75,276 SF

      18040 Sherman Way

      OFFICE BUILDING • 75,276 SF
      18040 Sherman Way, Reseda, CA 91335-4631
      View Details
    • Value Estimation
      $6,205,000
      31,019 SF

      6670 Reseda Blvd

      PROFESSIONAL BUILDING • 31,019 SF
      6670 Reseda Blvd, Reseda, CA 91335-5313
      View Details
    • Value Estimation
      $2,220,000
      11,278 SF

      19234 Vanowen St

      PROFESSIONAL BUILDING • 11,278 SF
      19234 Vanowen St, Reseda, CA 91335-5000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,600 SF

      Retail/Office/Warehouse Building For Sale

      Versatile building suitable for retail, office, warehouse, and more.
      21725 Erwin St, Los Angeles, CA 91335
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    • New
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      5,048 SF

      Reseda Mixed-Use Investment Opportunity

      Mixed-use property in Reseda with residential and commercial units.
      7304 Canby Ave, Reseda, CA 91335
      View Details
    • $3,640,000
      16,282 SF

      Reseda Garden-Style Apartment Building

      18-unit apartment building in Reseda neighborhood of San Fernando Valley.
      6640 Darby Ave, Reseda, CA 91335
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    • Contact for pricing
      22,973 SF

      Reseda Freestanding Industrial Building

      Freestanding building with ground level and dock high loading.
      7115 Darby Ave, Reseda, CA 91335
      View Details
    • $875,000
      2,264 SF

      Reseda Triplex: Income Opportunity

      Well-maintained Reseda triplex with strong rental income and long-term stability.
      7262 Amigo Ave, Reseda, CA 91335
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    • $1,029,500
      1,652 SF

      Reseda Multifamily Property with Expansion Potential

      Income-producing duplex with ADU and expansion potential in Reseda.
      7322 Lindley Ave, Reseda, CA 91335
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    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Office Building

      Office building in Reseda, CA, currently 100% leased.
      18107 Sherman Way, Reseda, CA 91335
      View Details
    • $2 SF/Yr

      Reseda Office Space For Rent

      Office space in Reseda, CA, with on-site amenities.
      19231 Victory Blvd, Reseda, CA 91335
      View Details
    • $25 SF/Yr
      2,700 SF

      Sherman Way Retail Space Available

      High-visibility Reseda retail/office space.
      18516 Sherman Way, Los Angeles, CA 91335
      View Details
    • Contact for pricing
      1,200 SF

      Retail/Office Space on Main Street

      Retail or office space with great exposure and signage.
      8640-8656 Lindley Ave, Northridge, CA 91335
      View Details
    • $2.00 SF/Yr
      900 SF

      Northridge Office Space For Rent

      Second floor office space available in Northridge, California.
      8444 Reseda Blvd, Northridge, CA 91335
      View Details
    • $19 SF/Yr
      5,814 SF

      Prime Reseda Office Suites

      Executive & Coworking Spaces Available
      18341 Sherman Way, Los Angeles, CA 91335
      View Details
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    7640 Tampa Ave
    Reseda, CA 91335-1700
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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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