Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24700 Mcbean Pkwy Santa Clarita, CA 91355-2340

    • Schools
    • 574,267 SF
    • 59.96 lot acres
    OFF-MARKET
    Value Estimations
    $3,845,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9301972
    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.

    Current Use by Public Records

    • CalArts Library / Publishing House
    • Annex / Art Studio
    • California Institute of the Arts / Vocational School
    • Baldessari Art Studios / Art Studio
    • CALARTS - MAIN GALLERY / Art Gallery / School

    Property Details for 24700 Mcbean Pkwy

    Year built
    1970
    Lot size
    59.96 lot acres
    Property size
    574,267 SF
    Zone code
    SCPI
    Property type
    Schools
    APN
    2851-001-003
    APU
    2851001003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.567
    Latitude
    34.3923
    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
    $201,287
    $3,660,139
    $88,675,330
    $92,335,469
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      27.85 Acres

      26455 Rockwell Cyn Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 27.85 Acres
      26455 Rockwell Cyn Rd, Santa Clarita, CA 91355-1803
      View Details
    • Value Estimation by Request
      22,715 SF

      28028 Industry Dr

      Distribution properties • 22,715 SF
      28028 Industry Dr, Valencia, CA 91355
      View Details
    • Value Estimation by Request
      46,054 SF

      23861 Mcbean Pkwy

      Medical Office Space • 46,054 SF
      23861 Mcbean Pkwy, Santa Clarita, CA 91355
      View Details
    • Value Estimation by Request

      Valencia, CA 91355

      VACANT COMMERCIAL LAND
      Valencia, CA 91355
      View Details
    • Value Estimation by Request
      0.01 Acres

      Valencia, CA 91355

      VACANT COMMERCIAL LAND • 0.01 Acres
      Valencia, CA 91355
      View Details
    • Value Estimation by Request

      Valencia, CA 91355

      VACANT COMMERCIAL LAND
      Valencia, CA 91355
      View Details

    Similar Nearby for Sale

    • $585,000

      Valencia Townhome with Woodsy Views

      Charming 2-bedroom townhome in Valencia with modern upgrades.
      24512 Mcbean Pkwy, Valencia, CA 91355
      View Details
    • Contact for pricing
      2.80 Acres

      Prime Santa Clarita Commercial Land

      2.8 Acres, CR Zoning, I-5 Access
      0 Magic Mountain Pkwy, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      12.00 Acres

      Prime Santa Clarita Commercial Land

      12 Acres, Valencia Industrial Center
      0 Rye Canyon Rd, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      21,147 SF

      Santa Clarita Warehouse For Sale

      21,147 SF warehouse with 1,600 Amps power.
      25060 Avenue Tibbitts, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      1,200 SF

      Granary Square Sub-Lease Opportunity

      Prime 1,200 SF space in Santa Clarita's Granary Square.
      25862 Mcbean Pkwy, Santa Clarita, CA 91355
      View Details
    • $1,515,000
      4,664 SF

      Industrial Condo in Valencia Center

      End unit industrial condo with HVAC and new roll-up door.
      25311-25313 Avenue Stanford, Valencia, CA 91355
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Industrial Building

      State-of-the-art industrial building in Valencia Commerce Center.
      Valencia, CA 91355
      View Details
    • Contact for pricing

      Valencia Blvd Office Building

      27,500 SF office building for lease in Valencia, CA.
      23734 Valencia Blvd Valencia, Valencia, CA 91355
      View Details
    • $1.45 SF/Yr
      6,688 SF

      Valencia Industrial Center Multi-Tenant Unit

      High-image industrial unit with high ceilings and ample parking.
      24922 Anza Dr, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      4,220 SF

      Valencia Industrial Center Warehouse Space

      Multi-tenant industrial building with convenient freeway access and retail proximity.
      25030 Avenue Tibbitts, Valencia, CA 91355
      View Details
    • Contact for pricing
      14,925 SF

      Valencia Flex Space Available

      Flex space in Gateway Pointe Business Park, Valencia, CA.
      28733-28757 Industry Dr, Valencia, CA 91355
      View Details
    • Contact for pricing
      86,869 SF

      Valencia Industrial Space For Lease

      Industrial space available in Valencia Commerce Center.
      28557 Industry Dr, Valencia, CA 91355
      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.
    24700 Mcbean Pkwy
    Santa Clarita, CA 91355-2340
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!