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    23840 Copper Hill Dr Santa Clarita, CA 91354

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    23840 Copper Hill Dr Santa Clarita, CA 91354

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    • Lifestyle centers
    • 74,515 SF
    • 7.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 23840 Copper Hill Dr

    Year built
    2006
    Lot size
    7.84 lot acres
    Property size
    74,515 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Tesoro Village, a premier 74,515 square foot shopping center in Santa Clarita, CA, presents a compelling investment opportunity. This Class B, single-story property boasts a 98.31% occupancy rate and a strong NOI of $2,281,000, yielding a 5.56% cap rate. Anchored by Albertsons on a long-term lease (approximately 7 years remaining with six 5-year options and a 10% rent increase in July 2025), the center features a diverse mix of national and local tenants including Jersey Mike's, Great Clips, and Movita Juice Bar. Built in 2006 and fully remodeled in 2023, the property sits on a 7.84-acre lot (341,687 square feet) with 353 parking spaces and excellent visibility along Copper Hill Drive. The average shop size is 1,396 square feet, ideal for a variety of uses. The property's location in the affluent Valencia submarket of Los Angeles County, within the high-barrier-to-entry Santa Clarita market, ensures strong tenant demand and long-term stability. The average tenancy length exceeds 13 years, with less than 9% of leases expiring in 2024, 5% in 2025, and 3% in 2026. The asking price is $41,500,000, with private financing options available. The property's APN is 2810-001-060, 2810-001-061, and is zoned LCC2. The land value is $131 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.556
    Latitude
    34.4625

    Comparable in this City

    • Value Estimation
      $5,605,000
      51,939 SF

      23850 Copper Hl Dr

      MINI-MALL • 51,939 SF
      23850 Copper Hl Dr, Valencia, CA 91354-1701
      View Details
    • Value Estimation
      $1,945,000
      15,970 SF

      23910 Summerhill Ln

      MINI-MALL • 15,970 SF
      23910 Summerhill Ln, Santa Clarita, CA 91354-4910
      View Details
    • Value Estimation
      $2,715,000
      22,502 SF

      23860 Copper Hl Dr

      MINI-MALL • 22,502 SF
      23860 Copper Hl Dr, Valencia, CA 91354-1701
      View Details
    • Value Estimation by Request
      84,733 SF

      27740 Mcbean Pkwy

      MINI-MALL • 84,733 SF
      27740 Mcbean Pkwy, Valencia, CA 91354-1430
      View Details
    • Value Estimation by Request
      6,000 SF

      24525 Copper Hill Dr

      Retail properties & Spaces • 6,000 SF
      24525 Copper Hill Dr, Santa Clarita, CA 91354
      View Details
    • Value Estimation by Request
      2,840 SF

      23744-23780 Newhall Ave

      Retail properties & Spaces • 2,840 SF
      23744-23780 Newhall Ave, Santa Clarita, CA 91354
      View Details

    Similar Nearby for Lease

    • 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

      Retail Space For Lease

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