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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Race tracks
22945 Coltrane Ave Newhall, CA 91321-3931
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0087348
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1987
Construction
WOOD
Total area
5,280 SF
Lot
9.25 ac (402,774 SF)
Zoning code
LCA22*
APN
2826-026-016
UPID
US10-0087348
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Molina,jorge & Maria A Trust · 6 yrs held
Molina,jorge & Maria A Trust
since 2020
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
LCA22* · Newhall, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newhall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newhall submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,280,000
ML approach
$2,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.13M (May 29 2020)
Last sale anchor
$2.13M
May 29 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$416 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$24,032
Tax year 2024
Assessed value
$1,860,266
Assessed 2024
Previous assessed
$1,860,266
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,677,994
Assessed improvement
$182,272
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,280 SF
Lot
9.25 ac (402,774 SF)
Zoning code
LCA22*
APN
2826-026-016
UPID
US10-0087348
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCA22* · Newhall, CA
Zoning LCA22* · permitted uses
LCA22* · Newhall, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newhall. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Lot
9.25 ac
Current owner
From public records · entity-resolved
Molina,jorge & Maria A Trust
Trust
Free & Clear · 6 yrs held
Mailing address
10700 JOHANNA AVE, SUNLAND, CA 91040-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2020
$2,125,000
Molina,jorge & Maria A Trust
Richard Dimitri
Grant Deed
—
Feb 16, 2018
—
Vicky Dimitri
—
Deed
related
$216,000 · Camelot Riding Club
Feb 2, 2018
$1,900,000
Richard Dimitri
Goffman Trust
Trustees Deed
$1,700,000 · Goffman Trust (pt)
Dec 15, 2010
—
Goffman Trust
Goffman,milton B & Rosalyn M
Quit Claim Deed
related
—
Apr 8, 2010
—
Milton B Goffman
Las Lomas Land Co LLC
Quit Claim Deed
related
—
Mar 24, 2005
—
Milton B Goffman
Las Lomas Land Co LLC
Quit Claim Deed
related
—
—
—
Milton B Goffman
—
Deed Of Trust
related
$28,200 · Us Small Business Admn
—
—
Vicky Dimitri
—
Deed Of Trust
related
$211,500 · Goffman Trust (pt)
—
—
Vicky Dimitri
—
Deed Of Trust
related
$216,000 · Camelot Riding Club
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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