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    Property profile & analytics

    9816 Variel Ave Chatsworth, CA 91311-4316

    • Warehouses
    • 16,380 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8095275
    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

    • Warehouses

    Property Details for 9816 Variel Ave

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    0.72 lot acres
    Property size
    16,380 SF
    Zone code
    LAMR2
    Property type
    Warehouses
    APN
    2746-003-009
    APU
    2746003009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $437,000
      Market price range: $437k - $1.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatsworth
    County
    Los Angeles
    State
    California
    Longitude
    -118.592
    Latitude
    34.2488
    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
    $15,031
    $173,511
    $862,466
    $1,035,977
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      23.03 Acres

      20000 Pr St

      WAREHOUSE, STORAGE • 23.03 Acres
      20000 Pr St, Chatsworth, CA 91311-6507
      View Details
    • Value Estimation
      $855,000
      49,680 SF

      9230 Deering Ave

      WAREHOUSE, STORAGE • 49,680 SF
      9230 Deering Ave, Chatsworth, CA 91311-5803
      View Details
    • Value Estimation
      $725,000
      19,908 SF

      9172 Eton Ave

      WAREHOUSE, STORAGE • 19,908 SF
      9172 Eton Ave, Chatsworth, CA 91311-5805
      View Details
    • Value Estimation
      $695,000
      26,215 SF

      21230 Lassen St

      WAREHOUSE, STORAGE • 26,215 SF
      21230 Lassen St, Chatsworth, CA 91311-4252
      View Details
    • Value Estimation
      $1,060,000
      31,163 SF

      20550 Lassen St

      MINI-WAREHOUSE, STORAGE • 31,163 SF
      20550 Lassen St, Chatsworth, CA 91311-4505
      View Details
    • Value Estimation
      $1,045,000
      64,605 SF

      21050 Lassen St

      WAREHOUSE, STORAGE • 64,605 SF
      21050 Lassen St, Chatsworth, CA 91311-4241
      View Details

    Similar Nearby for Sale

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      42,312 SF

      Warehouse/Distribution Facility For Sale

      Warehouse/distribution facility featuring dock-high loading doors and rooftop solar.
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    • $6,984,000
      21,825 SF

      Chatsworth Industrial Property For Sale

      Industrial property in Chatsworth featuring upgraded interior and heavy power.
      9350-9357 Eton Ave, Chatsworth, CA 91311
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    • Contact for pricing
      5,480 SF

      Chatsworth Flex Space For Sale

      Flex space with roll-up door and excellent highway access.
      21807 Plummer St, Chatsworth, CA 91311
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    • Contact for pricing
      20,447 SF

      Manufacturing/Distribution Building in Chatsworth

      Well-maintained building suitable for manufacturing or distribution uses.
      9540 Cozycroft Ave, Chatsworth, CA 91311
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    • $6,750,000
      22,200 SF

      HVAC Warehouse with Secured Yard

      22,200 SF warehouse with HVAC, loading docks, and yard.
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    • $14,723,875
      48,275 SF

      Chatsworth Freestanding Building For Sale

      Freestanding building with office space, heavy power, and parking.
      9621-9631 Irondale Ave, Chatsworth, CA 91311
      View Details

    Similar Nearby for Lease

    • $1.53 SF/Yr
      2,598 SF

      Chatsworth Flex Space For Rent

      Flex space available in Northpark Industrial Center, Chatsworth, CA.
      9304-9320 Deering Ave, Chatsworth, CA 91311
      View Details
    • $1.55 SF/Yr
      10,000 SF

      Chatsworth Warehouse with Yard

      Move-in ready warehouse with semi-private yard and gated parking.
      20821 Dearborn St, Chatsworth, CA 91311
      View Details
    • $1.65 SF/Yr
      4,000 SF

      Industrial Condominium with Remodeled Office

      High-image industrial condominium featuring excellent loading and remodeled office space.
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    • $1.50 SF/Yr
      865 SF

      Chatsworth Flex Space Available

      Flex space available for rent in Owensmouth Industrial Park.
      21601-21631 Marilla St, Chatsworth, CA 91311
      View Details
    • $1.50 SF/Yr
      10,000 SF

      Distribution Building with Fenced Yard

      Distribution building featuring fenced yard, dock high positions, and access.
      9183-9185 Kelvin Ave, Chatsworth, CA 91311
      View Details
    • $1.24 SF/Yr
      76,421 SF

      Manufacturing Facility with High Power

      76,421 SF manufacturing facility with high power capacity available.
      9540 De Soto Ave, Chatsworth, CA 91311
      View Details
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    9816 Variel Ave
    Chatsworth, CA 91311-4316
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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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