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    28494 Westinghouse Pl Santa Clarita, CA 91355
    Property profile & analytics

    28494 Westinghouse Pl Santa Clarita, CA 91355

    View on Map
    • Office buildings
    • 59,027 SF
    • 3.37 lot acres
    For Lease
    $28 SF/Yr
    View Listing →
    Valencia Atrium Office Suites For Lease
    $28 SF/Yr

    Valencia Atrium Office Suites

    Class-A Office Space Available

    28494 Westinghouse Pl, Santa Clarita, CA 91355
    View Listing
    Property ID
    US09-8002830
    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
    $14,330,000
    Cap Rate Potential
    5.2%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Gary Soto Home Loans / Loan Service / Bank
    • Shelly Klimusko & Patti Dupree - Team Sheloans / Loan Service / Bank
    • Mckell Financial / Accounting Firm / Tax Preparation
    • NP Law / Law Firm
    • Robin Landau, Ph.D / Physician / Medical Clinic

    Property Details for 28494 Westinghouse Pl

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    3.37 lot acres
    Property size
    59,027 SF
    Zone code
    SCBP
    Property type
    Office buildings
    APN
    2866-034-034
    APU
    2866034034

    Description

    This Class-A, 9,110 square foot office building in Los Angeles County offers multiple suites ranging from 580 to 2,270 contiguous square feet, all currently vacant. The property boasts a magnificent atrium setting with lush landscaping and waterfalls, newly renovated common areas, and extensive wraparound windows providing breathtaking views. Building amenities include dual elevator service, separately metered utilities with 24/7 tenant-controlled HVAC, and a generous 4:1,000 SF parking ratio, complete with electric vehicle charging stations. Located in the prestigious Gateway Corporate Point in Valencia, this prime location offers easy access to the I-5 & SR 126 freeways, and is adjacent to Newhall Ranch Road. Nearby amenities include restaurants, daycare centers, fitness centers, the Valencia Town Center, and several hotels and golf courses. The building sits on 3.37 acres and is within the City of Santa Clarita's jurisdiction. Spec suites feature well-designed layouts and abundant natural light from both front and rear window lines. The building offers move-in ready spaces with renovated restrooms and suites.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,085,000
      ML approach
      $9,760,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,830,000
      6.5%
      $12,765,000
      7%
      $11,855,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,810,000
      Market price range: $3.80M - $23.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.599
    Latitude
    34.4428
    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
    $209,655
    $3,746,064
    $12,172,055
    $15,918,119
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation
      $2,900,000
      17,536 SF

      25375 Orch Vlg Rd

      OFFICE BUILDING (MULTI-STORY) • 17,536 SF
      25375 Orch Vlg Rd, Santa Clarita, CA 91355-3000
      View Details
    • Value Estimation
      $14,595,000
      81,631 SF

      28490 Ave Stanford

      OFFICE BUILDING (MULTI-STORY) • 81,631 SF
      28490 Ave Stanford, Santa Clarita, CA 91355-0921
      View Details
    • Value Estimation
      $1,220,000
      5,220 SF

      25221 Ave Tibbitts

      OFFICE BUILDING • 5,220 SF
      25221 Ave Tibbitts, Santa Clarita, CA 91355
      View Details
    • Value Estimation by Request
      132 SF

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      PROFESSIONAL BUILDING • 132 SF
      Santa Clarita, CA 91355
      View Details
    • Value Estimation
      $750,000
      2,135 SF

      28212 Kelly Johnson Pkwy Ste, Unit 245

      PROFESSIONAL BUILDING • 2,135 SF
      28212 Kelly Johnson Pkwy Ste, Santa Clarita, CA 91355-5092
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      High-Image Class-A Office Building

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    Similar Nearby for Lease

    • $3 SF/Yr
      29,277 SF

      Class A Office Space Available

      Prime office space with freeway access and ample parking.
      28515 Westinghouse Pl, Santa Clarita, CA 91355
      View Details
    • $11 SF/Yr

      Valencia Executive Plaza Office Space

      Well-maintained office building with quality corporate tenants and excellent location.
      27201 Tourney Rd, Santa Clarita, CA 91355
      View Details
    • $2 SF/Yr
      2,030 SF

      High Image Office Building

      Office building with double door entry and extensive window line.
      27441 Tourney Rd, Santa Clarita, CA 91355
      View Details
    • $2 SF/Yr

      Freestanding Class A Office Building

      Three-story office building with renovated interior and freeway visibility.
      28470 Avenue Stanford, Santa Clarita, 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
    • $1,810 /Mo
      820 SF

      Valencia Business Park

      Valencia Business Park
      25583 Avenue Stanford, Santa Clarita, CA 91355
      View Details
    View Listing
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    Santa Clarita, CA 91355
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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.

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