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Property profile & analytics
OFF-MARKET
Estimated value
$11,995,000
Office buildings
23622 Calabasas Rd, Calabasas, CA 91302-1549
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US09-8611165
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
WOOD
Total area
84,488 SF
Lot
1.5 ac (65,458 SF)
Zoning code
LCC3-C2
APN
2068-004-058
UPID
US09-8611165
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
Current use
Occupant on record · Public records
-
Ezralow Co Property Management Company
-
Allan Drazen at Guaranteed Rate - NMLS #297710 Loan Service Bank
-
Aesthetic Smile Designs Dental Office
-
Pair Orthodontics Dental Office
-
Rumack and Harmer Pediatric Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.25M
Blend (final)
Blend
$12.00M
Owner & transaction history
Calabasas Cy · 29 yrs held
Calabasas Cy
since 1996
7 recorded transactions
Zoning & alternative use
LCC3-C2 · Calabasas, 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 Calabasas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Calabasas 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.19M · ±10%
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
$142 / 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
$219,641
Tax year 2024
Assessed value
$18,614,998
Assessed 2024
Previous assessed
$18,614,998
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,058,209
Assessed improvement
$16,556,789
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
3
Total area
84,488 SF
Lot
1.5 ac (65,458 SF)
Zoning code
LCC3-C2
APN
2068-004-058
UPID
US09-8611165
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC3-C2 · Calabasas, CA
Zoning LCC3-C2 · permitted uses
LCC3-C2 · Calabasas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Calabasas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
Calabasas Cy
Individual
Mailing address
23622 CALABASAS RD STE #200, CALABASAS, CA 91302-1509
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
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
Oct 31, 2025
—
Calabasas Sorrento Square LLC
—
Deed
related
$3,120,000 · Minnesota Life Insurance Company
Apr 29, 2020
—
Calabasas Of Sorrento Square LLC
—
Deed
related
$30,840,000 · Miscellaneous Ins Co
Aug 10, 2017
—
Calabasas Of Sorrento Square LLC
—
Deed
related
$10,920,000 · Miscellaneous Ins Co
Oct 25, 1996
—
Calabasas Cy
Calabasas/sorrento Square,
Quit Claim Deed
related
—
Apr 14, 1989
$2,821,000
Ezralow Fmly Tr&
Stanco Prop
Trustees Deed
related
—
—
—
Calabasas/sorrento Square LLC
—
Deed Of Trust
related
$12,250,000 · Sunamerica Life Insurance Co
—
—
Calabasas Of Sorrento Square LLC
—
Deed Of Trust
related
$10,920,000 · Miscellaneous Ins Co
—
—
Calabasas Of Sorrento Square LLC
—
Loan Modification
related
$30,840,000 · Miscellaneous Ins Co
—
—
Calabasas Of Sorrento Square LLC
—
Loan Modification
related
$10,920,000 · Miscellaneous Ins Co
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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