Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23961 Craftsman Rd Calabasas, CA 91302-1417
    Back to Search
    Property profile & analytics

    23961 Craftsman Rd Calabasas, CA 91302-1417

    View on Map
    • Manufacturing properties
    • 23,242 SF
    • 1.33 lot acres
    Off-Market
    Property ID
    US09-8611144
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,140,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Silent Partners Inc / Association Or Organization
    • B & B Insurance / Insurance Agency
    • Kurty Photography / (Bike/Boat/Book/etc) Store / Photography Service
    • Events by Ayla / Event Planning / Wedding Service
    • Comfort Solutions Heating & AC Repair Calabasas / Hardware & Home Improvement / HVAC Service

    Property Details for 23961 Craftsman Rd

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    1.33 lot acres
    Property size
    23,242 SF
    Zone code
    LCM1*
    Property type
    Manufacturing properties
    APN
    2049-019-009
    APU
    2049019009

    Description

    This exceptional 1,680-square-foot warehouse and distribution facility is ideally situated in Calabasas, Los Angeles County, California, at 23961 Craftsman Rd, zip code 91302. The property is a single-tenant space, currently vacant and ready for immediate occupancy. The building boasts a 12-foot ceiling height, providing ample vertical storage capacity. Power is supplied by a 100 AMP, 120V, 3-phase electrical system, suitable for a variety of industrial uses. The property is classified as industrial, specifically a warehouse and distribution center, making it perfect for businesses requiring storage and efficient logistics. Its location in Calabasas offers easy access to major transportation routes, streamlining distribution and operations. The entire 1,680 square feet is available for lease, presenting a unique opportunity for businesses seeking a functional and well-located industrial space in a desirable California market. This single-tenant building provides privacy and control over the entire space. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calabasas
    County
    Los Angeles
    State
    California
    Longitude
    -118.65
    Latitude
    34.1562
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,312
    $200,443
    $768,070
    $968,513
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,345,000
      38,634 SF

      23915 Ventura Blvd

      MANUFACTURING (LIGHT) • 38,634 SF
      23915 Ventura Blvd, Woodland Hills, CA 91302-1445
      View Details
    • Value Estimation
      $6,575,000
      36,042 SF

      24031 Ventura Blvd

      MANUFACTURING (LIGHT) • 36,042 SF
      24031 Ventura Blvd, Calabasas, CA 91302
      View Details
    • Value Estimation
      $970,000
      7,008 SF

      23981 Craftsman Rd

      MANUFACTURING (LIGHT) • 7,008 SF
      23981 Craftsman Rd, Calabasas, CA 91302-1459
      View Details
    • Value Estimation
      $6,010,000
      32,823 SF

      5034 Pkwy Calabasas

      MANUFACTURING (LIGHT) • 32,823 SF
      5034 Pkwy Calabasas, Calabasas, CA 91302-1422
      View Details
    • Value Estimation
      $2,360,000
      25,508 SF

      5171 Douglas Fir Rd

      MANUFACTURING (LIGHT) • 25,508 SF
      5171 Douglas Fir Rd, Calabasas, CA 91302-1462
      View Details
    • Value Estimation
      $505,000
      3,100 SF

      5124 Douglas Fir Rd

      MANUFACTURING (LIGHT) • 3,100 SF
      5124 Douglas Fir Rd, Calabasas, CA 91302-1439
      View Details

    Similar Nearby for Sale

    • $7,900,000

      Calabasas Office Property for Sale

      Office property for sale in Calabasas, approximately 4,776 SF.
      26885 Mulholland Hwy, Calabasas, CA 91302
      View Details
    • $495,000
      0.52 Acres

      Serene Calabasas Land Opportunity

      0.51-acre lot with approved plans in Monte Nido.
      661 Cold Canyon Rd, Calabasas, CA 91302
      View Details
    • Contact for pricing
      615 SF

      Calabasas Office Condo For Sale

      Office condominium in the heart of Calabasas, approximately 615 SF.
      23501 Park Sorrento, Calabasas, CA 91302
      View Details
    • $995,000
      20.10 Acres

      Calabasas Canyon Estate Building Lot

      20+ acre lot with approved plans for 4,700 SF home.
      2391 Stokes Canyon Rd, Calabasas, CA 91302
      View Details
    • $4,125,000
      11.71 Acres

      Calabasas Land Development Opportunity

      11.7-acre homesite with approved plans for a 10,000 sq ft estate.
      25807 Abercrombie Ln, Calabasas, CA 91302
      View Details
    • $12,999,000

      Calabasas Office Space For Sale

      Creative office space with easy freeway access in Calabasas.
      26050 Mureau Rd, Calabasas, CA 91302
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Calabasas Office Space Available

      Office spaces available ranging from 3,999 to 35,994 SqFt.
      26025 Mureau Rd, Calabasas, CA 91302
      View Details
    • Contact for pricing
      35,000 SF

      Calabasas Office/R&D Flex Space

      Office and R&D flex space available for lease.
      26025 Mureau Rd, Calabasas, CA 91302
      View Details
    • Sponsored
      Contact for pricing

      Spaces Park Calabasas

      Workspaces, services and support to help you grow your business in Spaces Park Calabasas
      4500 Park Granada Blvd, Calabasas, CA 91302
      View Details
    • $2 SF/Yr

      Industrial Units for Lease

      Multiple industrial units available for lease with freeway access.
      5115 Douglas Fir Rd, Calabasas, CA 91302
      View Details
    • Contact for pricing
      132 SF

      Compact Office Space in Calabasas

      Efficient 132 sq. ft. office space for lease.
      22231 Mulholland Hwy, Calabasas, CA 91302
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      4500 Park Granada Blvd, Calabasas, CA 91302
      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.
    23961 Craftsman Rd
    Calabasas, CA 91302-1417
    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
    23961 Craftsman Rd, Calabasas, CA, 91302
    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!