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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7848 Lankershim Blvd North Hollywood, CA 91605-2522

    • Retail space
    • 2,600 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8467984
    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

    • M & N Drive Axel Exchange / Auto Parts Store
    • Hollywood water store / Grocery Store / Hookah Store

    Property Details for 7848 Lankershim Blvd

    Year built
    1937
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,600 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    2311-015-004
    APU
    2311015004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.387
    Latitude
    34.2135
    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
    $5,254
    $283,977
    $122,106
    $406,083
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,396 SF

      7806 Lemp Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,396 SF
      7806 Lemp Ave, North Hollywood, CA 91605-2634
      View Details
    • Value Estimation
      $1,720,000
      5,050 SF

      7811 Lankershim Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,050 SF
      7811 Lankershim Blvd, North Hollywood, CA 91605-2523
      View Details
    • Value Estimation
      $1,875,000
      5,528 SF

      8232 Coldwater Cyn Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,528 SF
      8232 Coldwater Cyn Ave, North Hollywood, CA 91605-1130
      View Details
    • Value Estimation
      $725,000
      2,400 SF

      12521 Vanowen St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      12521 Vanowen St, North Hollywood, CA 91605-5321
      View Details
    • Value Estimation
      $1,500,000
      8,916 SF

      11336 Vanowen St

      RETAIL STORES (PERSONAL SERVICES) • 8,916 SF
      11336 Vanowen St, North Hollywood, CA 91605-6322
      View Details
    • Value Estimation by Request
      1,878 SF

      11415 Saticoy St

      RETAIL STORES (PERSONAL SERVICES) • 1,878 SF
      11415 Saticoy St, North Hollywood, CA 91605-2928
      View Details

    Similar Nearby for Sale

    • $165,000

      Turnkey Chocolate & Flower Shop

      Established chocolate and flower shop in prime North Hollywood location.
      12643 Sherman Way, Los Angeles, CA 91605
      View Details
    • $800,000

      North Hollywood Business Opportunity

      Prime location on Lankershim Boulevard with high growth potential.
      8163 Lankershim Blvd, North Hollywood, CA 91605
      View Details
    • $800,000

      Prime North Hollywood Retail Opportunity

      High-visibility retail property on Lankershim Boulevard, North Hollywood.
      8163 Lankershim Blvd, Los Angeles, CA 91605
      View Details
    • $7,950,000
      21,784 SF

      North Hollywood Commercial Building For Sale

      21,784 SF industrial/commercial building on a 18,883 SF lot.
      13311 Sherman Way, North Hollywood, CA 91605
      View Details
    • $350,000

      Established Pizza Shop in North Hollywood

      Successful pizza shop for sale in a high-traffic North Hollywood location.
      12061 Strathern St, North Hollywood, CA 91605
      View Details
    • $99,999

      North Hollywood Pizzeria Opportunity

      Fully equipped pizzeria for sale in North Hollywood.
      11310 Vanowen St, Los Angeles, CA 91605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Vanowen Street Retail Space For Lease

      Prime Retail Space, High Traffic Area
      12051 Vanowen St, Los Angeles, CA 91605
      View Details
    • $1.50 SF/Yr
      21,844 SF

      North Hollywood Industrial Space Available

      Industrial property in prime North Hollywood location, proximate to freeways.
      13222 Saticoy St, North Hollywood, CA 91605
      View Details
    • $4,000 /Mo
      1,347 SF

      North Hollywood Home For Rent

      Charming 3-bedroom home with updated features and private outdoor space.
      8026 Hinds Ave, North Hollywood, CA 91605
      View Details
    • $1.60 SF/Yr
      31,020 SF

      North Hollywood Warehouse Space Available

      Industrial warehouse space available for lease in North Hollywood.
      13154-13164 Leadwell St, North Hollywood, CA 91605
      View Details
    • $1.30 SF/Yr
      38,250 SF

      Distribution Building with Cold Storage

      38,250 SF distribution building featuring cold storage component.
      7005 Tujunga Ave, North Hollywood, CA 91605
      View Details
    • $2 SF/Yr
      2,494 SF

      Creative Industrial Units For Rent

      Multi-tenant flex/industrial building near Burbank Airport.
      7059-7077 Vineland Ave, North Hollywood, CA 91605
      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.
    7848 Lankershim Blvd
    North Hollywood, CA 91605-2522
    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.