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Property profile & analytics
OFF-MARKET
Estimated value
$25,125,000
Office buildings
23975 Park Sorrento Calabasas, CA 91302-4015
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7553307
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
116,491 SF
Lot
4.74 ac (206,541 SF)
Zoning code
CSCM
APN
2068-003-033
UPID
US09-7553307
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
-
Allen Alon Tubi Realtor-Keller Williams Realty Real Estate Agency
-
John Hakim Real Estate Agent Real Estate Agency
-
Marcus & Millichap Real Estate Agency
-
The Agency Real Estate Agency
-
Kilroy Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.69M
Blend (final)
Blend
$25.13M
Owner & transaction history
Rref II Calabasas Pk Ctr LLC · 7 yrs held
Rref II Calabasas Pk Ctr LLC
since 2018
2 recorded transactions
Zoning & alternative use
CSCM · 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
$25.13M
Range $22.61M – $27.64M · ±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
$216 / 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
$647,097
Tax year 2024
Assessed value
$42,701,411
Assessed 2024
Previous assessed
$42,701,411
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$9,142,880
Assessed improvement
$33,558,531
Applied tax rate
14.0000
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
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Buildings
2
Stories
4
Total area
116,491 SF
Lot
4.74 ac (206,541 SF)
Zoning code
CSCM
APN
2068-003-033
UPID
US09-7553307
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CSCM · Calabasas, CA
Zoning CSCM · permitted uses
CSCM · 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
2000
Construction
WOOD
Heating
NONE
Stories
4
Buildings
2
Lot
4.74 ac
Current owner
From public records · entity-resolved
Rref II Calabasas Pk Ctr LLC
Entity
Free & Clear · 7 yrs held
Mailing address
236 S SIERRA AVE STE #100, SOLANA BEACH, CA 92075-1862
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
—
Rref II Calabasas Pk Ctr LLC
—
Grant Deed
related
$60,094,950 · Canadian Imperial Bk/commerc
Dec 31, 2018
$78,225,000
Rref II Calabasas Pk Ctr LLC
Kilroy Realty LP
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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