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    26802 The Old Rd Stevenson Ranch, CA 91354
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    26802 The Old Rd, Stevenson Ranch, CA 91354

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    • Retail properties & Spaces
    • 50,782 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 26802 The Old Rd

    Property type
    Retail properties & Spaces

    Description

    Westridge Village, located at 26802-26946 The Old Road, Stevenson Ranch, CA 91354, presents a significant retail opportunity. This single-tenant property boasts a total building size of 50,782 square feet, currently featuring 61,406 square feet of vacant space. The property is zoned C-3 (General Commercial), allowing for a wide range of commercial uses within the Valencia County. The address encompasses a substantial street frontage along The Old Road, providing excellent visibility and accessibility for potential tenants. The substantial vacant space offers a unique chance to establish a large-scale retail operation or to subdivide for multiple smaller businesses. This property is ideal for businesses seeking high visibility in a growing community. The existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. Given the size and zoning, this property is well-suited for a variety of retail concepts, from large-format stores to smaller specialty shops. The location in Stevenson Ranch offers a strong demographic profile and convenient access to major transportation routes, ensuring high foot traffic and customer accessibility. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space. The property is situated in Valencia County, California.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stevenson Ranch
    County
    Valenica
    State
    California
    Longitude
    -118.576
    Latitude
    34.4007

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    • Value Estimation by Request
      6,000 SF

      24525 Copper Hill Dr

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    • Value Estimation by Request
      74,515 SF

      23840 Copper Hill Dr

      Lifestyle centers
      23840 Copper Hill Dr, Santa Clarita, CA 91354
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    • Value Estimation
      $5,605,000
      51,939 SF

      23850 Copper Hl Dr

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      23850 Copper Hl Dr, Valencia, CA 91354-1701
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    • Value Estimation
      $1,945,000
      15,970 SF

      23910 Summerhill Ln

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    • Value Estimation by Request
      1,825 SF

      24050 Copper Hl Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      24050 Copper Hl Dr, Santa Clarita, CA 91354-4402
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      23744-23780 Newhall Ave, Santa Clarita, CA 91354
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Upscale shopping center with national co-tenants in Valencia, CA.
      23886 Copper Hill Dr, Santa Clarita, CA 91354
      View Details
    • Contact for pricing
      10,436 SF

      Valencia Medical/Professional Office Space

      Newly renovated medical/professional office space available for lease.
      23841-24061 Newhall Ranch Rd, Valencia, CA 91354
      View Details
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    26802 The Old Rd
    Stevenson Ranch, CA 91354
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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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    26802 The Old Rd, Stevenson Ranch, CA, 91354
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