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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Manufacturing properties
28368 Constellation Rd C5380, Santa Clarita, CA 91355-5005
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9953865
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Construction
TILT-UP CONCRETE
Total area
4,102 SF
Lot
20.6 ac (897,177 SF)
Zoning code
SCBP
APN
2866-047-191
UPID
US09-9953865
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
-
Matt Drago - REALTOR® - eXp Realty at The Nate Butcher Group Real Estate Agency
-
John Manninger Electric Corporation Electrical Service General Contractor
-
Hahn & Associates Civil Engineer
-
Affordable Package Label Printing (Roll Labels, Shipping Labels, stickers and more...) Consultant
-
Quest Toastmasters #4643 Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.29M
Owner & transaction history
Constellation Road LLC · 4 yrs held
Constellation Road LLC
since 2022
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
SCBP · Santa Clarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+89.5%
Medical building
$1.9M
+76.4%
Retail stores
$1.7M
+60.4%
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
$1,175,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,055,000
Current use
OFFICE BUILDING
$2,005,000
Change: +90% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$1,695,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,670,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$1,275,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,265,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.35M (May 23 2022)
Last sale anchor
$1.35M
May 23 2022
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
$19,293
Tax year 2024
Assessed value
$1,399,338
Assessed 2024
Previous assessed
$1,399,338
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$358,938
Applied tax rate
15.0000
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
4,102 SF
Lot
20.6 ac (897,177 SF)
Zoning code
SCBP
APN
2866-047-191
UPID
US09-9953865
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
$1.1M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
20.6 ac
Current owner
From public records · entity-resolved
Constellation Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
20474 ROCA CHICA DR, MALIBU, CA 90265-5332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2022
$1,346,000
Constellation Road LLC
Cdr Ventures LLC
Grant Deed
—
Sep 12, 2013
$662,500
Cdr Ventures LLC
Discovery Gateway Spectrum II
Grant Deed
$270,000 · Pacific Mercantile Bank
—
—
Discovery Gateway Spectrum II
—
Deed Of Trust
related
$5,045,000 · First Republic 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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