8723 Sepulveda Blvd North Hills, CA 91343-5111
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$7.67M
Range $6.90M – $8.44M (±10%)
Implied cap rate
8.00%
In-place · NOI ÷ last sale
Property ID
US09-8159898
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
TILT-UP CONCRETE
Total area
27,889 SF
Lot
2.6 ac (113,067 SF)
Zoning code
LAP
APN
2654-013-043
UPID
US09-8159898
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.01M
CAP Approach
CAP
$9.50M
Comparable Approach
Comparable
$9.26M
Blend (final)
Blend
$7.67M
Owner & transaction history
since 2021
Last sale
$7.7M
5 recorded transactions
Zoning & alternative use
LAP · North Hills, CA
Top alternative use upside
Auto repair, garage
$12.9M
+58.7%
Medical building
$12.7M
+55.9%
Office building
$12.5M
+53.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.67M
Value range
$6.90M – $8.44M
±10% around blend
Estimated value / SF
$275 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
$6.90M
blend $7.67M
$8.44M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,889 SF
Lot area
2.6 ac
Year built
1974
Stories
1
APN
2654-013-043
Assessed value
$7,993,393
Annual tax
$103,805
3
Income approach: direct capitalization
Partial preview
Income approach indication
$9.50M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.29M
@ 6.5% CAP return
$9.50M
@ 7% CAP return
$8.82M
4
Sales comparison
Partial preview
Sales approach indication
$5.32M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.5 mi away · 34,663 SF
17.6 mi away · 29,312 SF
17.6 mi away · 29,312 SF
17.6 mi away · 26,628 SF
18.3 mi away · 23,512 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.67M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 28 sales
$292
-6%
County 3566 sales
$383
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $275/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+59%
vs current-use indication
Medical Building
Office Building
Commercial (general)
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
8.00%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.00%
9.0%
NOI (est.)
$538k *
Last sale · Sep 2021
$7.68M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.72M
Move the market yield to see immediate price impact.
Value / SF
$241
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.50%8.00%8.50%
$484k
$6.45M
$6.05M
$5.69M
$538k
$7.17M
$6.72M
$6.33M
$592k
$7.89M
$7.40M
$6.96M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$7.13M
8.4 mi · Jan 2026 · $364/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$103,805
Tax year 2024
Assessed value
$7,993,393
Assessed 2024
Previous assessed
$7,993,393
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$6,346,440
Assessed improvement
$1,646,953
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
27,889 SF
Lot
2.6 ac (113,067 SF)
Zoning code
LAP
APN
2654-013-043
UPID
US09-8159898
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · North Hills, CAZoning LAP · permitted uses
LAP · North Hills, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAP
Jurisdiction
North Hills, CA
Recorded code
LAP
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