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Property profile & analytics
FOR LEASE
Warehouses
28577 Industry Dr Valencia, CA 91355
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9301747
For Lease
1 / 8
$12,580,000
28577 Industry Dr, Valencia, CA 91355
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
44,609 SF
Lot
2.44 ac (106,244 SF)
Zoning code
LCA2
APN
2866-060-036
UPID
US09-9301747
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
$10.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.58M
Owner & transaction history
Sheldon Appel · 4 yrs held
Sheldon Appel
since 2022
Last sale
$12.9M
2 recorded transactions
Zoning & alternative use
LCA2 · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.3M
+46.5%
Retail stores
$18.4M
+33.2%
Auto repair, garage
$18.2M
+31.3%
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 Valencia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valencia 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
$13,315,000
ML approach
$8,660,000
CAP Approach
CAP Return
Estimation
6%
$10,965,000
6.5%
$10,120,000
7%
$9,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,845,000
Current use
MEDICAL BUILDING
$20,280,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$18,440,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,175,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,785,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$12.58M
Range $11.32M – $13.84M · ±10% · vs last sale $12.88M (Mar 10 2022)
Last sale anchor
$12.88M
Mar 10 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
$282 / 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
$171,240
Tax year 2024
Assessed value
$13,395,150
Assessed 2024
Previous assessed
$13,395,150
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$5,071,950
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2006
Heating
NONE
Stories
1
Total area
44,609 SF
Lot
2.44 ac (106,244 SF)
Zoning code
LCA2
APN
2866-060-036
UPID
US09-9301747
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCA2 · Valencia, CA
Zoning LCA2 · permitted uses
LCA2 · Valencia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valencia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.8M
MEDICAL BUILDING
Est. value
$20.3M
RETAIL STORES
Est. value
$18.4M
AUTO REPAIR, GARAGE
Est. value
$18.2M
COMMERCIAL (GENERAL)
Est. value
$13.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Sheldon Appel
Individual
Free & Clear · 4 yrs held
Mailing address
1616 OCEAN PARK BLVD, SANTA MONICA, CA 90405-4822
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$12,875,000
Sheldon Appel
Melrose Center Investments
Grant Deed
—
—
—
Melrose Center Investments
—
Deed Of Trust
related
$500,000 · Citizens Business 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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