Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23861 Mcbean Pkwy Santa Clarita, CA 91355
    Back to Search
    Property profile & analytics

    23861 Mcbean Pkwy, Santa Clarita, CA 91355

    View on Map
    • Office Spaces
    • 46,054 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Santa Clarita Valley Orthopdic / Medical Clinic
    • Santa Clarita Surgery Center / Medical Clinic
    • Henry Mayo Wound Care Center / Medical Clinic
    • Santa Clarita Kidney Center Inc / Medical Clinic
    • Santa Clarita Hearing Center / Medical Clinic

    Property Details for 23861 Mcbean Pkwy

    Year built
    1976
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional medical office complex, located at 23861 McBean Pkwy in Santa Clarita, CA 91355, offers 46,054 square feet of space across five single-story buildings. Built in 1976 and situated in Los Angeles County, this property boasts a prime location on the Henry Mayo Newhall Hospital campus, providing unparalleled convenience and visibility. The complex features multiple tenancies, with eight spaces currently available, ranging from 792 to 4,982 square feet, catering to a variety of healthcare practices. The property benefits from ample free parking for patients, staff, and visitors, enhancing accessibility and convenience. The well-maintained grounds include attractive outdoor gathering areas, creating a welcoming and professional atmosphere. This is an excellent opportunity to establish or expand a medical practice in a thriving, affluent community within the Santa Clarita Valley, known for its strong population growth and high demand for healthcare services. The property is professionally managed, ensuring a seamless and efficient operational experience. This location offers a unique blend of convenience, accessibility, and a desirable setting for medical professionals seeking a prestigious address. The address is easily accessible from major roadways, ensuring convenient access for patients and staff.

    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
    -118.555
    Latitude
    34.3971

    Comparable in this City

    • Value Estimation by Request
      147,142 SF

      Mcbean Pkwy. & Arroyo Park Dr

      Lifestyle centers
      0 Mcbean Pkwy. & Arroyo Park Dr, Santa Clarita, CA 91355
      View Details
    • Value Estimation by Request
      1.18 Acres

      Valencia, CA 91355

      MEDICAL BUILDING
      Valencia, CA 91355
      View Details
    • Value Estimation
      $19,835,000
      83,698 SF

      23929 Mcbean Pkwy

      MEDICAL BUILDING
      23929 Mcbean Pkwy, Santa Clarita, CA 91355-4466
      View Details
    • Value Estimation by Request
      1,330 SF

      Valencia, CA 91355

      MEDICAL BUILDING
      Valencia, CA 91355
      View Details
    • Value Estimation by Request
      0.09 Acres

      Valencia, CA 91355

      MEDICAL BUILDING
      Valencia, CA 91355
      View Details
    • Value Estimation by Request
      1.18 Acres

      Valencia, CA 91355

      MEDICAL BUILDING
      Valencia, CA 91355
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,749 SF

      Medical Office Suite For Lease

      Ground floor corner suite with high-end finishes, available for lease.
      25425 Orchard Village Rd, Valencia, CA 91355
      View Details
    • Contact for pricing

      Valencia Retail/Restaurant Space For Sale

      Retail and restaurant spaces available in Valencia, California.
      Sec Newhall Rnch Rd. & Copper Hl Dr, Valencia, CA 91355
      View Details
    • Contact for pricing
      8,393 SF

      Valencia Industrial Condo Investment Opportunity

      Leased industrial condo in Valencia Commerce Center for sale.
      28715-28727 W Industry Dr, Valencia, CA 91355
      View Details
    • Contact for pricing
      59,168 SF

      Valencia Office Building For Sale

      Office building in Valencia, CA, with strong market momentum.
      27240 Turnberry Ln, Valencia, CA 91355
      View Details
    • Contact for pricing
      Pending

      Freestanding Office Property For Sale

      Two-story office building in established business park, suitable for redevelopment.
      28460 Avenue Stanford, Santa Clarita, CA 91355
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      10,436 SF

      Santa Clarita Medical/Professional Office Space

      Newly renovated medical/professional office space available for lease.
      23951 Newhall Ranch Rd, Santa Clarita, CA 91355
      View Details
    • Contact for pricing

      Medical Co-working Exam Rooms

      Three exam rooms for lease in renovated medical building.
      26357 Mcbean Pkwy, Santa Clarita, CA 91355
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      Three-story medical office building centrally located near major freeways.
      23838 Valencia Blvd, Santa Clarita, CA 91355
      View Details
    • Contact for pricing

      Medical Building with Tenant Controlled Utilities

      Two-story medical building featuring tenant-controlled utilities and 24-hour security.
      23501 Cinema Dr, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      1,339 SF

      Medical Office Space Available

      Medical office space for rent in Santa Clarita.
      27875 Smyth Dr, Santa Clarita, CA 91355
      View Details
    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.
    23861 Mcbean Pkwy
    Santa Clarita, CA 91355
    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
    23861 Mcbean Pkwy, Santa Clarita, 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!