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Property profile & analytics
OFF-MARKET
Estimated value
$22,910,000
Office buildings
23803 Mcbean Pkwy, Valencia, CA 91355-4462
Individually Owned
Free & Clear
Property ID
US09-9961444
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
79,622 SF
Lot
1.22 ac (52,931 SF)
Zoning code
SCPI
APN
2861-073-012
UPID
US09-9961444
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
by Request
CAP Approach
CAP
$17.22M
Comparable Approach
Comparable
$25.71M
Blend (final)
Blend
$22.91M
Owner & transaction history
Santa Clarita 23803 Mp Wrk7 Ll
Santa Clarita 23803 Mp Wrk7 Ll
since 2026
7 recorded transactions
Zoning & alternative use
SCPI · Valencia, 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 Valencia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valencia 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%
$18,655,000
6.5%
$17,220,000
7%
$15,990,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$36,195,000
Change: -7% · Conversion: Easy
RETAIL STORES
$32,910,000
Change: -15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$32,445,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$22.91M
Range $20.62M – $25.20M · ±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
$288 / 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
$50,963
Tax year 2024
Assessed value
$31,944,538
Assessed 2024
Previous assessed
$31,944,538
+0.0% YoY
Effective rate
0.16%
On assessed value
Assessed land
$2,656,017
Assessed improvement
$29,288,521
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
79,622 SF
Lot
1.22 ac (52,931 SF)
Zoning code
SCPI
APN
2861-073-012
UPID
US09-9961444
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SCPI · Valencia, CA
Zoning SCPI · permitted uses
SCPI · Valencia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valencia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$36.2M
RETAIL STORES
Est. value
$32.9M
AUTO REPAIR, GARAGE
Est. value
$32.4M
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Santa Clarita 23803 Mp Wrk7 Ll
Individual
Free & Clear · 0 yrs held
Mailing address
23845 MCBEAN PKWY, VALENCIA, CA 91355-2001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Santa Clarita 23803 Mp Wrk7 Ll
—
Deed
related
—
Sep 2, 2025
—
Henry Mayo Newhali Memorial Hospita
—
Deed
related
—
Mar 10, 2021
—
Henry Mayo Newhall Memorial Hospita
—
Deed
related
$25,000 · The Bank Of New York Mellon Trust Co NA
Nov 2, 2020
—
Hcn G & L Santa Clarita Sub LLC
—
Deed
related
$25,000,000 · Us Bk
Aug 29, 2018
—
Henry Mayo Newhall Mem Hosp
—
Deed
related
$109,625 · Bank Of Ny Mellon
Feb 6, 2017
—
Henry Mayo Newhall Mem Hosp
—
Loan Modification
related
$109,625,000 · Bank/ny Mellon Tr Co NA (ce)
Dec 10, 2012
—
G & L Santa Clarita LLC
—
Deed Of Trust
related
$20,750,000 · Us Bk
—
—
Henry Mayo Newhall Memorial
—
Loan Modification
related
$200,000,000 · Bank Of Ny Mellon Tr Co NA
—
—
G & L Santa Clarita LLC
—
Loan Modification
related
$45,750,000 · Us Bk
—
—
Henry Mayo Newhall Mem Hosp
—
Deed Of Trust
related
$109,625 · Bank Of Ny Mellon
—
—
Hcn G & L Santa Clarita Sub LLC
—
Loan Modification
related
$25,000,000 · Us Bk
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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