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    28190 San Martinez Grande Canyon Rd Castaic, CA 91384
    Property profile & analytics

    28190 San Martinez Grande Canyon Rd, Castaic, CA 91384

    View on Map
    • Commercial real estate
    • 616.00 lot acres
    Off-Market
    Property ID
    US09-7283967
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 28190 San Martinez Grande Canyon Rd

    Lot size
    616.00 lot acres
    Property type
    Commercial real estate
    APN
    3272-017-008;3270-019-001; 3272-021-018; 3272-021-019

    Description

    This expansive 616-acre property in Castaic, California, presents a unique investment opportunity. Located near Newhall Ranch and the City of Santa Clarita, the land is zoned A-2-2. Approximately 200 acres contain active oil wells generating monthly income, contributing to the $113,400 income reported for 2023. The remaining approximately 400 acres are currently devoid of oil wells and offer significant potential for future development. Additional income streams include two rental homes and annual payments from pipeline easements. The sale includes all real property, lessor's rights, mineral and oil rights, existing permits, and development rights. The property's APN numbers are 3272-017-008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Castaic
    County
    Los Angeles
    State
    California
    Longitude
    -118.682269
    Latitude
    34.4325789

    Comparable in this City

    • $2,250,000
      Pending

      Prime Commercial Land Opportunity

      2+ acres of commercially zoned land with freeway exposure.
      31426 The Old Rd N, Castaic, CA 91384
      View Details
    • $1,199,000
      2,658 SF

      Castaic Duplex with Expansion Potential

      Turnkey duplex on a large lot with income and expansion potential.
      31615 Hunter Ln, Castaic, CA 91384
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    • $75,000
      26,670.00 Acres

      Val Verde Land Lot

      Land/Lot for sale in Val Verde, California.
      Bonita Rd, Val Verde, CA 91384
      View Details
    • $75,000
      32,503.00 Acres

      Val Verde Land Lot

      Land lot available in Val Verde, California.
      Bonita Rd, Val Verde, CA 91384
      View Details
    • $348,800
      443,471.00 Acres

      Castaic Land Ideal for Development

      10+ acre lot near amenities with potential for various uses.
      1 Burlwood Dr, Castaic, CA 91384
      View Details

    Similar Nearby for Sale

    • $2,250,000
      Pending

      Prime Commercial Land Opportunity

      2+ acres of commercially zoned land with freeway exposure.
      31426 The Old Rd N, Castaic, CA 91384
      View Details
    • $1,199,000
      2,658 SF

      Castaic Duplex with Expansion Potential

      Turnkey duplex on a large lot with income and expansion potential.
      31615 Hunter Ln, Castaic, CA 91384
      View Details
    • $75,000
      26,670.00 Acres

      Val Verde Land Lot

      Land/Lot for sale in Val Verde, California.
      Bonita Rd, Val Verde, CA 91384
      View Details
    • $75,000
      32,503.00 Acres

      Val Verde Land Lot

      Land lot available in Val Verde, California.
      Bonita Rd, Val Verde, CA 91384
      View Details
    • $348,800
      443,471.00 Acres

      Castaic Land Ideal for Development

      10+ acre lot near amenities with potential for various uses.
      1 Burlwood Dr, Castaic, CA 91384
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Units and Pad Available

      Retail units and pad available for lease near freeway.
      31280 The Old Rd, Castaic, CA 91384
      View Details
    • Contact for pricing

      Retail/Medical/Professional Center For Rent

      Retail, medical, and professional spaces available near I-5.
      31905 Castaic Rd, Castaic, CA 91384
      View Details
    • Contact for pricing

      Indoor Swap Meet Ready Property

      Approved layout, high traffic, parking, and amenities included.
      31910 Castaic Rd, Castaic, CA 91384
      View Details
    • Contact for pricing

      Freestanding Class A Building For Lease

      134,705 SF state-of-the-art building available for lease.
      29120 Commerce Center Dr, Valencia, CA 91384
      View Details
    • $3,840 /Mo
      2,400 SF

      Castaic Commercial Space For Lease

      Commercial units available for lease in Castaic, California.
      31280 The Old Rd, Castaic, CA 91384
      View Details
    • Contact for pricing

      Castaic Office Units For Rent

      Office units available for lease in Castaic, California.
      31294 The Old Rd, Castaic, CA 91384
      View Details
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    28190 San Martinez Grande Canyon Rd
    Castaic, CA 91384
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    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
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    28190 San Martinez Grande Canyon Rd, Castaic, CA, 91384
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