Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    9000 Norris Ave Sun Valley, CA 91352-2664

    • Auto shops
    • 9,044 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7540988
    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

    • Auto shops

    Property Details for 9000 Norris Ave

    Year built
    1989
    Construction
    TILT-UP CONCRETE
    Lot size
    0.45 lot acres
    Property size
    9,044 SF
    Zone code
    LAM3
    Property type
    Auto shops
    APN
    2408-035-023
    APU
    2408035023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sun Valley
    County
    Los Angeles
    State
    California
    Longitude
    -118.376
    Latitude
    34.2327
    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
    $17,278
    $562,970
    $743,376
    $1,306,346
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      3,702 SF

      11224 Tuxford St

      AUTO REPAIR, GARAGE • 3,702 SF
      11224 Tuxford St, Sun Valley, CA 91352-2600
      View Details
    • Value Estimation
      $305,000
      4,900 SF

      11916 Sheldon St

      AUTO REPAIR, GARAGE • 4,900 SF
      11916 Sheldon St, Sun Valley, CA 91352-1509
      View Details
    • Value Estimation
      $285,000
      3,738 SF

      8947 Lankershim Blvd

      AUTO REPAIR, GARAGE • 3,738 SF
      8947 Lankershim Blvd, Sun Valley, CA 91352
      View Details
    • Value Estimation
      $250,000
      790 SF

      8700 Lankershim Blvd

      AUTO REPAIR, GARAGE • 790 SF
      8700 Lankershim Blvd, Sun Valley, CA 91352-2512
      View Details
    • Value Estimation
      $390,000
      1,200 SF

      9748 San Fernando Rd

      AUTO REPAIR, GARAGE • 1,200 SF
      9748 San Fernando Rd, Sun Valley, CA 91352
      View Details
    • Value Estimation
      $290,000
      2,880 SF

      9236 Glenoaks Blvd

      AUTO REPAIR, GARAGE • 2,880 SF
      9236 Glenoaks Blvd, Sun Valley, CA 91352
      View Details

    Similar Nearby for Sale

    • $35,000

      Turnkey Auto Body Shop

      Equipped auto body shop in Sun Valley for sale.
      10923 Randall St, Sun Valley, CA 91352
      View Details
    • $2,350,000
      7,360 SF

      Sun Valley Commercial Buildings For Sale

      Two commercial buildings totaling 7,360 SF in Sun Valley.
      8265 San Fernando Rd, Sun Valley, CA 91352
      View Details
    • $1,800,000
      5 SF

      Sun Valley Commercial Building For Sale

      Commercial building in an opportunity zone, suitable for various uses.
      8273 San Fernando Rd, Sun Valley, CA 91352
      View Details
    • $4,000,000

      Sun Valley Commercial Building on Land

      Commercial building on 2 acres with development potential.
      9040 Sunland Blvd, Shadow Hills, CA 91352
      View Details
    • $350,000

      Established Subway Franchise Opportunity

      Turnkey Subway franchise in a high-traffic North Hollywood location.
      8027 Lankershim Blvd, Sun Valley, CA 91352
      View Details
    • $3,475,000

      Sun Valley Land Portfolio

      Two-acre land parcel with commercial building in Sun Valley.
      9046 Sunland Blvd, Shadow Hills, CA 91352
      View Details

    Similar Nearby for Lease

    • $3,125 /Mo

      Retail Space Available For Rent

      Retail space available for lease in Sun Valley, CA.
      8809 Sunland Blvd, Shadow Hills, CA 91352
      View Details
    • Contact for pricing
      9,500 SF

      Saticoy Street Retail Space - Sun Valley

      9,500 SF Retail, Church, School Space
      11134 Saticoy St, Los Angeles, CA 91352
      View Details
    • $17 SF/Yr
      10,800 SF

      Sun Valley Warehouse - 10,800 SF

      10,800 SF warehouse, Los Angeles, CA
      8511 Lankershim Blvd, Los Angeles, CA 91352
      View Details
    • $1.73 SF/Yr
      4,900 SF

      Sun Valley Industrial Space Available

      4,900 SF industrial space with excellent freeway access.
      9003 Norris Ave, Sun Valley, CA 91352
      View Details
    • $1,500 /Mo
      126 SF

      Remodeled Office Space in Sun Valley

      Fully remodeled office space for lease in a prime location.
      11637 Tuxford St, Shadow Hills, CA 91352
      View Details
    • $1,500 /Mo
      126 SF

      Remodeled Office Space in Sun Valley

      Fully remodeled office space for lease in a prime location.
      11637 Tuxford St, Shadow Hills, CA 91352
      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.
    9000 Norris Ave
    Sun Valley, CA 91352-2664
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.