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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Manufacturing properties
26763 Oak Ave Santa Clarita, CA 91351-2410
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9958284
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
TILT-UP CONCRETE
Total area
11,520 SF
Lot
0.66 ac (28,909 SF)
Zoning code
SCBP
APN
2805-017-020
UPID
US09-9958284
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
-
Boone Aerospace Inc. Corporate Office Factory
-
Pacific Air Logistics Shipping Company Freight Service
-
Reid LLC Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$3.60M
Owner & transaction history
Michael L Boone · 3 yrs held
Michael L Boone
since 2023
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
SCBP · Santa Clarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+76.3%
Retail stores
$4.8M
+60.3%
Auto repair, garage
$4.7M
+58.0%
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 Santa Clarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clarita 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
$3,390,000
ML approach
$3,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,970,000
Current use
MEDICAL BUILDING
$5,235,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$4,760,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,695,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$4,565,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,665,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.71M (May 17 2023)
Last sale anchor
$3.71M
May 17 2023
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
$313 / 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
$49,225
Tax year 2024
Assessed value
$3,779,100
Assessed 2024
Previous assessed
$3,779,100
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,351,100
Assessed improvement
$1,428,000
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,520 SF
Lot
0.66 ac (28,909 SF)
Zoning code
SCBP
APN
2805-017-020
UPID
US09-9958284
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SCBP · Santa Clarita, CA
Zoning SCBP · permitted uses
SCBP · Santa Clarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$5.2M
RETAIL STORES
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Michael L Boone
Individual
Mailing address
13294 RALSTON AVE, RANCHO CASCADES, CA 91342-7607
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
—
Michael L Boone
Boone Aerospace INC
Assignment Of Lease (leasehold Sale)
$1,504,000 · First Citizens Bank & Trust Co
May 17, 2023
$3,705,500
C&c Elite Properties LLC
Michael L Boone
Grant Deed
$1,881,000 · First Citizens Bank & Trust Co
Aug 10, 2017
—
Boone Trust
—
Deed
related
$800,000 · Umpqua Bk
Jul 28, 2017
$1,600,000
Michael L Boone
Cathy Lynn Mckenzie
Grant Deed
$657,000 · So Cal Cdc
Aug 23, 2002
—
Neighbors,billy J & J J Tr
Neighbors,b J & J J
Quit Claim Deed
related
—
Oct 27, 1992
—
Neighbors Billy J
—
Deed Of Trust
related
—
Jun 14, 1988
$750,000
Billy Neighbors
Dombey Andrew T&
Grant Deed
$745,000 · Valley Bank
—
—
Billy Nieghbors
—
Deed Of Trust
related
$625,000 · First Business Bank
—
—
Neighbors,billy & Jo Trust
—
Deed Of Trust
related
$730,000 · Union Bk
—
—
Neighbors Billy & J Fam Trust
—
Deed Of Trust
related
$1,523,000 · Pacific Western Bank
—
—
Neighbors B & J Family Trust
—
Deed Of Trust
related
—
—
—
Neighbors,tr
—
Deed Of Trust
related
$782,000 · Cnl Commercial Finance INC
—
—
Boone Trust
—
Deed Of Trust
related
$800,000 · Umpqua Bk
—
—
Dombey Andrew T
—
Deed Of Trust
related
$40,000 · Santa Clarita Bank
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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