Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    27202 Turnberry Ln Valencia, CA 91355-1022

    • Office buildings
    • 62,400 SF
    • 3.13 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2021
    $22,850,228
    Value Estimations
    $22,535,000
    Show details
    Cap Rate Potential
    6.5%
    Office buildings
    Location Intelligence
    Property ID
    US09-9971678
    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

    • Office buildings

    Property Details for 27202 Turnberry Ln

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    3.13 lot acres
    Property size
    62,400 SF
    Zone code
    LCA25*
    Property type
    Office buildings
    APN
    2866-036-025
    APU
    2866036025

    Description

    This exceptional 6.06-acre industrial redevelopment opportunity in Valencia, Los Angeles County, CA, presents a unique investment prospect. The property, located at 27202 & 27220 Turnberry Lane, boasts 118,949 square feet of existing space across two two-story buildings, currently at 25% occupancy. The site is zoned M-1.5 and features finalized site plan approvals, allowing for immediate development commencement. Strategically positioned adjacent to the I-5/SR-126 freeway interchange with I-5 frontage, this location offers unparalleled access to major transportation arteries. The Santa Clarita Valley's robust industrial market, characterized by a sub-2% vacancy rate for 13 consecutive quarters and 22% average annual rent growth over the past five years, makes this a highly desirable investment. The area's strong demographics, including a high percentage of college-educated residents and a high median household income, further enhance the property's appeal. The existing buildings can be delivered fully vacant. This presents a rare chance to capitalize on the limited supply of available industrial space in a thriving market with significant growth potential. The APN is 2866-036-025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $22,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $24,250,000
      6.5%
      $22,385,000
      7%
      $20,785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,179,000
      Market price range: $22.2M - $37.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $30,485,000
      Current use
      AUTO REPAIR, GARAGE
      $28,860,000
      Change: -5% Conversion: Difficult
      MEDICAL BUILDING
      $28,365,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Valencia
    County
    Los Angeles
    State
    California
    Longitude
    -118.61
    Latitude
    34.4437
    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
    $126,391
    $1,707,296
    $6,171,652
    $7,878,948
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,385,000
      31,102 SF

      23734 Valencia Blvd

      OFFICE BUILDING • 31,102 SF
      23734 Valencia Blvd, Santa Clarita, CA 91355-2100
      View Details
    • Value Estimation
      $1,235,000
      7,152 SF

      Santa Clarita, CA 91355

      OFFICE BUILDING • 7,152 SF
      Santa Clarita, CA 91355
      View Details
    • Value Estimation
      $805,000
      2,448 SF

      27420 Tourney Rd Ste, Unit 100

      PROFESSIONAL BUILDING • 2,448 SF
      27420 Tourney Rd Ste, Valencia, CA 91355-5631
      View Details
    • Value Estimation
      $650,000
      1,821 SF

      28212 Kelly Johnson Pkwy Ste, Unit 285

      PROFESSIONAL BUILDING • 1,821 SF
      28212 Kelly Johnson Pkwy Ste, Santa Clarita, CA 91355-5093
      View Details
    • Value Estimation by Request
      1,184 SF

      Santa Clarita, CA 91355

      PROFESSIONAL BUILDING • 1,184 SF
      Santa Clarita, CA 91355
      View Details
    • Value Estimation by Request
      394 SF

      Santa Clarita, CA 91355

      PROFESSIONAL BUILDING • 394 SF
      Santa Clarita, CA 91355
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      45,228 SF

      Santa Clarita Free Standing Office

      Two-story office property in established business park.
      28460 Avenue Stanford, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      1.00 Acre

      Valencia Office Building - 1 Acre Lot

      Prime Valencia Office, 1-Acre Lot, $1.81M
      25583 Avenue Stanford, Valencia, CA 91355
      View Details
    • $989,000
      2,860 SF

      Office/Flex Condo For Sale

      Office/flex condo in RiverCourt development, available for owner/user.
      25235-25251 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
    • $1,990,000

      Industrial/Office Facility in Spectrum Center

      High-image industrial/office facility with functional warehouse space.
      28502 Constellation Rd, Valencia, CA 91355
      View Details
    • Contact for pricing
      9,000 SF

      Valencia Retail/Restaurant Space For Sale

      Retail and restaurant spaces available in Valencia, California.
      Sec Newhall Rnch Rd. & Copper Hl Dr, Valencia, CA 91355
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Fully Leased Office Building

      Office building in Santa Clarita, currently 100% leased.
      25060 Avenue Stanford, Santa Clarita, CA 91355
      View Details
    • Contact for pricing
      2,650 SF

      Valencia Executive Suites

      Prime Santa Clarita office space, multiple sizes available.
      25350 Magic Mountain Pkwy, Santa Clarita, CA 91355
      View Details
    • $19 SF/Yr
      5,416 SF

      Vista Village Center: Santa Clarita Retail Space

      Prime Santa Clarita retail space, multiple tenants possible.
      25850 Tournament Rd, Santa Clarita, CA 91355
      View Details
    • $15 SF/Yr
      22,715 SF

      Prime Valencia Office/Warehouse Space

      1,000 SF Office Suite Available Now
      28028 Industry Dr, Valencia, CA 91355
      View Details
    • $3 SF/Yr
      1,339 SF

      Medical Office Space Available

      Medical office space for rent in Santa Clarita.
      27875 Smyth Dr, Santa Clarita, 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.
    27202 Turnberry Ln
    Valencia, CA 91355-1022
    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.