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    Renovated Commercial Building For Sale Title is generated by Realmo AI

    17734 Sierra Hwy, Canyon Country, CA 91351

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    For Sale
    $3,999,950

    Commercial Sale - Canyon Country, CA

    Property size:
    12,960 SF
    Price / SF:
    $308/SF
    Added:
    Apr 25, 2025
    Days on Market:
    380
    Last Refresh:
    May 9 at 3:06 pm

    Property Features for 17734 Sierra Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2839014036
    Size
    12,960 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Architectural style
    Other

    We can help!

    Listing Contact
    Bob Loner

    Listing agent Bob Loner License #00648540

    Listing office Realty Executives SCV 24106 Lyons Avenue, Santa Clarita, CA

    Listing date Apr 25, 2025

    MLS# SR25091519 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 94% Tenant Occupied, providing immediate income stream
    • Completely Renovated and Modernized in 2022, minimizing near‑term capital expenditures
    • High Street Visibility with 180 feet of frontage on Sierra Hwy
    • Diverse Suite Sizes (755 sq ft to 2,323 sq ft) attract a variety of tenants
    • Ample Parking: 29 exclusive stalls plus abundant street parking
    • Three Separate APNs and Legal Lots offer flexibility

    Overview

    This multi-tenant investment property is located in Canyon Country, CA. The building, approximately 12,960 square feet, features 9,815 square feet of ground-level retail, service, and office storefronts, along with 3,145 square feet of second-level office space. The ground floor has eight rentable suites ranging from 755 to 2,323 square feet, each with its own restroom and HVAC system. The second floor contains one 800-square-foot suite and another of 2,345 square feet, which is divisible, for a total of ten suites. The property was entirely renovated and modernized in 2022, including a new roof, HVAC systems, ADA restrooms, doors, windows, electrical and plumbing systems, exterior siding and décor, and an asphalt parking lot with ADA stalls and striping. The building has 180 feet of street frontage on Sierra Highway and is highly visible. The new asphalt parking lot includes 29 exclusive parking stalls, plus abundant street parking. The property, which is 94% tenant occupied with only one 800-square-foot unit unoccupied, presents a great opportunity for an owner/user who may want to occupy a portion of the property. It consists of three separate APNs and three separate legal lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KIRK'S Home Decor Store A A Screen Doors & Windows Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Country
    County
    Los Angeles
    State
    California
    Longitude
    -118.4453091
    Latitude
    34.4279846

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant investment property with street frontage in Canyon Country, CA.
    Where is this strip mall located?
    The property is located at 17734 Sierra Hwy Canyon Country, CA.
    What is the asking price?
    The asking price for this property is $3,999,950.
    What are key features of this property?
    This property features: 94% Tenant Occupied, providing immediate income stream; Completely Renovated and Modernized in 2022, minimizing near‑term capital expenditures; **High Street Visibility** with 180 feet of frontage on Sierra Hwy
    (661) 250-8670
    We can help!
    Listing Contact
    Bob Loner
    Real Estate License ID: 00648540
    Learn More
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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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