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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Retail space
24840 Pico Cyn Rd Newhall, CA 91381-1700
Individually Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7128764
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
WOOD
Total area
21,554 SF
Lot
1.61 ac (70,323 SF)
Zoning code
LCA25*
APN
2826-063-028
UPID
US09-7128764
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
$5.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
Met · 25 yrs held
Met
since 2000
7 recorded transactions
Zoning & alternative use
LCA25* · Newhall, 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 Newhall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newhall 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%
$5,780,000
6.5%
$5,335,000
7%
$4,955,000
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±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
$234 / 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
$92,917
Tax year 2024
Assessed value
$7,061,520
Assessed 2024
Previous assessed
$7,061,520
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$5,141,028
Assessed improvement
$1,920,492
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
21,554 SF
Lot
1.61 ac (70,323 SF)
Zoning code
LCA25*
APN
2826-063-028
UPID
US09-7128764
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCA25* · Newhall, CAZoning LCA25* · permitted uses
LCA25* · Newhall, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
Met
Individual
Mailing address
350 E EASY ST STE #1, SIMI VALLEY, CA 93065-1850
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
Mft LLC
—
Deed
related
$1,700,000 · City National Bank
Dec 28, 2000
—
Met
Michaelson,b E & D D Co-trustees
Trustees Deed
related
—
Jan 5, 2000
$4,780,000
Michaelson Trust
Commercial Net Lease Realty I
Grant Deed
—
Feb 25, 1997
$4,393,000
Commercial Net Lease Rlty INC
Wilton Company Valencia Ltd
Grant Deed
—
Jul 12, 1995
—
Wilton Company Valencia Ltd
—
Grant Deed
related
$2,500,000 · Foothill Independent Bank
Dec 9, 1994
$1,095,000
Wilton Co Valencia Ltd
Abco/associated Investments Lt
Grant Deed
$1,165,500 · Excel Realty Trust INC
Jun 8, 1994
—
Abco Associated Inv Ltd
—
Deed Of Trust
related
$1,000,000 · Home Bank
—
—
Mft LLC
—
Deed Of Trust
related
$3,200,000 · Artesia Mortgage Capital Corp
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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