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    Castaic Commercial Units For Lease Title is generated by Realmo AI

    31294 The Old Road, Castaic, CA 91384

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    For Lease
    $2,000/Mo $20 SF/Yr (calc)

    Commercial Lease - Castaic, CA

    Property size:
    1,200 SF
    Added:
    Mar 5, 2025
    Days on Market:
    446
    Last Refresh:
    May 25 at 4:06 pm

    Property Features for 31294 The Old Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    LCA120000
    Interior features
    Elevators
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    2865012008
    Size
    1,200 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2009
    Architectural style
    Other

    We can help!

    Listing Contact
    Poupee Komenkul

    Listing agent Poupee Komenkul License #01060862

    Listing office Rodeo Realty 15260 Ventura Blvd., Beverly Hills, CA

    Listing date Mar 5, 2025

    MLS# SR25018109 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Convenient freeway access.
    • Flexible space: Units can be combined for approximately 2,400 SF.
    • Multiple unit options available (approximately 1200 SF or 1250 SF).
    • Modified Gross Lease: Landlord covers common area expenses, property taxes, and property insurance.
    • Includes essential utilities: heating, cooling, and sewer.
    • Building has elevators and accessible elevator installed.

    Overview

    Commercial units are available for lease in Castaic, California. There are three units available: Unit 130 offers approximately 1200 square feet, Unit 140 offers approximately 1200 square feet, and both units can be combined into one at approximately 2,400 square feet. Unit 230 features approximately 1,250 square feet. The asking price for Units 130 and 140 is $1.65 per square foot per month (modified gross), while Unit 230 is offered at $1.75 per square foot per month (modified gross). All units are equipped with heating, cooling, sewer, and utilities. Under the modified gross lease, the tenant is responsible for rent and their own utilities, while the landlord covers common area expenses, property taxes, and property insurance. The building is located right off the freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castaic
    County
    Los Angeles
    State
    California
    Longitude
    -118.6189951
    Latitude
    34.4878989

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    FAQs

    What type of property is this?
    Office units - Commercial units available for lease in Castaic, California.
    Where is this office units located?
    The property is located at 31294 The Old Road Castaic, CA.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Convenient freeway access.; Flexible space: Units can be combined for approximately 2,400 SF.; Multiple unit options available (approximately 1200 SF or 1250 SF).
    (818) 482-0085
    We can help!
    Listing Contact
    Poupee Komenkul
    Real Estate License ID: 01060862
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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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