Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Image Industrial Building in Valencia Title is generated by Realmo AI

    29018 Hancock Pkwy, Valencia, CA 91355

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    State-of-the-art industrial building in Commerce Pointe Business Park.

    Type:Industrial
    Added:
    Feb 10, 2025
    Days on Market:
    478
    Last Refresh:
    May 12 at 9:55 pm

    Property Features for 29018 Hancock Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 29018 Hancock Pkwy Contact us

    We can help!

    Listing Contact
    Yair Haimoff

    Listing agent Yair Haimoff License #CA 01414758

    Listing office Spectrum Commercial Real Estate, Inc

    Listing date Feb 10, 2025

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Spectrum Commercial Real Estate, Inc

    HighLights

    • Immediate access to Interstate 5 & Highway 126
    • Benefit from 24' Min. Warehouse Clear
    • Well Designed Office Layout
    • Fully air conditioned for year‑round comfort
    • Ample power to support various operations
    • Located within Valencia Commerce Pointe Business Park

    Overview

    This high-image, state-of-the-art industrial building is located within the prestigious Valencia Commerce Pointe Business Park, offering immediate access to Interstate 5 and Highway 126, and is within minutes of amenities, restaurants, and hotels. The property features a well-designed office layout with efficient, all ground floor space. The warehouse provides a 24-foot minimum clear height. Ample power is available, along with both ground and dock loading capabilities. The entire building is fully air-conditioned and equipped with a fire sprinkler system. Parking is provided at a ratio of 2:1,000. The property includes many upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • URM Technologies, Inc — 28486 Westinghouse Pl STE 130, Valencia, CA 91355
    • Valencia Travel RV Storage — 29171 Hancock Pkwy, Valencia, CA 91355
    • SOS Storage — 28754 Castaic Canyon Rd, Valencia, CA 91355
    • Camelot Moving & Storage, Inc. — 28040 Industry Dr, Santa Clarita, CA 91355

    Location Insight

    • Map
    • Local Demand
    City
    Valencia
    County
    Los Angeles
    State
    California
    Longitude
    -118.6129659
    Latitude
    34.4457421

    Nearby Similar for Lease

    • $2 SF/Yr
      19,497 SF

      Valencia Office Space For Rent

      Contemporary office suites available with potential incentives in prime location.
      26650 The Old Road, Valencia, CA, 91355
      View Details
    • $1.46 SF/Yr
      10,414 SF

      Valencia Commerce Center Flex Space

      Well-maintained flex space in Valencia Commerce Center, convenient location.
      28305 Industry Drive, Valencia, CA, 91355
      View Details
    • $1.45 SF/Yr
      3,152 SF

      Industrial Complex with Executive Offices

      High image industrial complex with executive offices and freeway access.
      27811 Avenue Hopkins, Valencia, CA 91355
      View Details
    • $0.99 SF/Yr
      43,000 SF

      Valencia Warehouse with Secure Yard

      43,000 SF warehouse featuring a fenced, secure yard.
      25395 Rye Canyon Road, Valencia, CA 91355
      View Details
    • $1,500/Mo
      643 SF

      Valencia Business Park Office Space

      Move-in ready office spaces in a busy Valencia business park.
      25583 Avenue Stanford, Valencia, CA 91355
      View Details
    • $21,409 SF/Yr
      31,142 SF

      Valencia Freestanding Industrial Building

      Freestanding industrial building with office space for lease.
      27510 Avenue Mentry, Valencia, CA 91355
      View Details
    • $1.99 SF/Yr

      Modern Corporate Office Suites

      Updated common areas and bright office spaces within a business park with convenient access to major highways.
      28159 Avenue Stanford, Valencia, CA 91355
      View Details
    • $2 SF/Yr
      10,436 SF

      Valencia Medical/Professional Office Space

      Newly renovated medical/professional office space available for lease.
      23841-24061 Newhall Ranch Rd, Valencia, CA
      View Details
    • $1.30 SF/Yr
      25,328 SF

      High-Image Freestanding Building For Lease

      25,328 SF state-of-the-art building available for lease.
      28016 Industry Drive, Valencia, CA, 91355
      View Details
    • $1.23 SF/Yr
      44,844 SF

      Industrial Building in Valencia Commerce

      Freestanding industrial building with high corporate image and easy access.
      28577 Industry Drive, Valencia, CA, 91355
      View Details
    • $1.10 SF/Yr
      10,131 SF

      Valencia Flex Industrial Space Available

      10,131 SF flex industrial space for lease in Valencia.
      25709 Rye Canyon Road, Valencia, CA, 91355
      View Details
    • $1.45 SF/Yr
      38,362 SF

      Valencia Industrial Building For Lease

      38,362 SF light industrial building with office space available.
      27963 Franklin Parkway, Valencia, CA, 91355
      View Details

    FAQs

    What type of property is this?
    Warehouse - State-of-the-art industrial building in Commerce Pointe Business Park.
    Where is this warehouse located?
    The property is located at 29018 Hancock Pkwy Valencia, CA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Immediate access to Interstate 5 & Highway 126; Benefit from **24' Min. Warehouse Clear**; **Well Designed Office Layout**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Yair Haimoff
    Real Estate License ID: CA 01414758
    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.
    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

    Thank You for Inquiry
    29018 Hancock Pkwy, Valencia, CA 91355
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!