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Property profile & analytics
OFF-MARKET
Estimated value
$3,535,000
Warehouses
28715 Industry Dr Valencia, CA 91355-5414
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7622050
Property summary
AI-generated overview
This exceptional 35,688-square-foot warehouse, located at 28715 W Industry Drive in Valencia, CA 91355, presents a significant opportunity. Situated on an 8.83-acre lot (384,635 square feet), this Class B property boasts a single-story building constructed in 2007. The warehouse features a 24-foot ceiling height, providing ample vertical space for storage and operations. Access is facilitated by one dock-high door and one drive-in door. Parking is readily available with 33 spaces. The property's power supply is robust, featuring 400 amp/277-480v 3-phase 4-wire service. The zoning is M1.5, and the APN is 2866-060-042. The building's floor area ratio (FAR) is 0.13. This property is conveniently located near the intersection of Industry Drive and Hasley Canyon Road within the Santa Clarita Valley submarket cluster. Currently configured as a single-tenant space, this warehouse offers significant potential for various industrial uses. The property is part of the master-planned Valencia Commerce Center.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
TILT-UP CONCRETE
Total area
16,786 SF
Lot
8.83 ac (384,756 SF)
Zoning code
LCA2
APN
2866-060-044
UPID
US09-7622050
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
$3.72M
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
Adam Rasmussen · 5 yrs held
Adam Rasmussen
since 2021
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
LCA2 · Valencia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,955,000
ML approach
$3,720,000
CAP Approach
CAP Return
Estimation
6%
$3,640,000
6.5%
$3,360,000
7%
$3,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,210,000
Current use
COMMERCIAL (GENERAL)
$5,185,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.54M
Range $3.18M – $3.89M · ±10% · vs last sale $3.32M (Mar 15 2021)
Last sale anchor
$3.32M
Mar 15 2021
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
$211 / 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
$46,575
Tax year 2024
Assessed value
$3,524,801
Assessed 2024
Previous assessed
$3,524,801
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,804,053
Assessed improvement
$1,720,748
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
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
16,786 SF
Lot
8.83 ac (384,756 SF)
Zoning code
LCA2
APN
2866-060-044
UPID
US09-7622050
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
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.2M
WAREHOUSE, STORAGE Current
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
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
8.83 ac
Current owner
From public records · entity-resolved
Adam Rasmussen
Individual
Free & Clear · 5 yrs held
Mailing address
28548 LIVINGSTON AVE, VALENCIA, CA 91355-4171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 15, 2021
$3,321,500
Adam Rasmussen
Mcgrew Industrial LLC
Grant Deed
—
Sep 15, 2008
$2,424,000
Mcgrew Industrial LLC
Pacten Valencia Gateway Vi Ass
Grant Deed
—
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.
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