Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8507 Melrose Ave West Hollywood, CA 90069-5114

    • Retail space
    • 10,504 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $3,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6330227
    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

    • Retail space

    Property Details for 8507 Melrose Ave

    Year built
    1947
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    10,504 SF
    Zone code
    WDC1A*
    Property type
    Retail space
    APN
    4337-003-102
    APU
    4337003102

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,065,000
      6.5%
      $3,750,000
      7%
      $3,480,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,315,000
      Current use
      OFFICE BUILDING
      $5,270,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $4,785,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,450,000
      Change: +3% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $4,155,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.377
    Latitude
    34.0823
    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
    $220,985
    $15,623,627
    $2,403,649
    $18,027,276
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $685,000
      3,441 SF

      722 La Cienega Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,441 SF
      722 La Cienega Blvd, Los Angeles, CA 90069-5204
      View Details
    • Value Estimation
      $630,000
      3,412 SF

      707 La Cienega Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,412 SF
      707 La Cienega Blvd, Los Angeles, CA 90069
      View Details
    • Value Estimation
      $1,360,000
      5,110 SF

      8400 Melrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,110 SF
      8400 Melrose Ave, Los Angeles, CA 90069-5306
      View Details
    • Value Estimation
      $1,390,000
      4,740 SF

      8315 Melrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,740 SF
      8315 Melrose Ave, Los Angeles, CA 90069-5403
      View Details
    • Value Estimation by Request
      5,724 SF

      8590 Sunset Blvd

      Restaurants • 5,724 SF
      8590 Sunset Blvd, West Hollywood, CA 90069
      View Details
    • Value Estimation
      $1,970,000
      6,857 SF

      W

      RETAIL STORES (PERSONAL SERVICES) • 6,857 SF
      W, Hollywood, CA 90069
      View Details

    Similar Nearby for Sale

    • $20,000,000

      West Hollywood Redevelopment Opportunity

      Prime West Hollywood redevelopment site with high visibility and traffic.
      980 Norh Ln Cienega Blvd, West Hollywood, CA 90069
      View Details
    • Contact for pricing
      1,850 SF

      Retail Space For Sale

      Retail space available for sale in Los Angeles.
      2855 S Robertson Blvd, Los Angeles, CA 90069
      View Details
    • $24,995,000
      18,563 SF

      Melrose Avenue Mixed-Use Opportunity

      Mixed-use retail and office building near Melrose Place.
      8360 Melrose Ave, Los Angeles, CA 90069
      View Details
    • Contact for pricing

      Melrose Avenue Retail Investment Opportunity

      Prime 4,000 SF retail building in the heart of Los Angeles.
      8800 Melrose Ave, Los Angeles, CA 90069
      View Details
    • $7,736,000
      19,340 SF

      Automotive Buildings on La Cienega

      Two freestanding buildings fully permitted for automotive use.
      10301-10311 La Cienega Blvd, Los Angeles, CA 90069
      View Details
    • $580,000
      0.17 Acres

      Land with Approved Plans

      7589 sq ft lot with ready-to-issue permits.
      8441 W Franklin Ave, West Hollywood, CA 90069
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime West Hollywood Leasing Opportunity

      Retail or office space in a sought-after West Hollywood location.
      8420 W Sunset Blvd, West Hollywood, CA 90069
      View Details
    • Contact for pricing
      2,500 SF

      Melrose Avenue Retail/Showroom Space

      Retail/showroom space featuring glass front, high ceilings, and natural light.
      8400-8410 Melrose Ave, Los Angeles, CA 90069
      View Details
    • Contact for pricing
      5,365 SF

      Santa Monica Blvd Retail/Office Space

      Retail, office, light assembly, or showroom space available for lease.
      12418-12436 Santa Monica Blvd, Los Angeles, CA 90069
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Pop-up and short-term leases available on Melrose Place.
      8476 Melrose Pl, Los Angeles, CA 90069
      View Details
    • Contact for pricing

      West Hollywood Shopping Center Space

      Two-story open-air shopping center in the heart of West Hollywood.
      1106 N La Cienega Blvd, West Hollywood, CA 90069
      View Details
    • Contact for pricing

      West Hollywood Retail Space Available

      Retail space for lease in West Hollywood, California.
      8535 Sunset Blvd, West Hollywood, CA 90069
      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.
    8507 Melrose Ave
    West Hollywood, CA 90069-5114
    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.
    Sign Up Successful!
    You now have access to more from Realmo!