Santa Clarita Animal Care
For Sale
Contact for pricing
23947 Newhall Ave, Santa Clarita, CA 91321
Full-service veterinary hospital with boarding, daycare, and grooming services.
Property Size13,991 SF
Price / SF$339.50
Days on Market502
Property Features for 23947 Newhall Ave
General Information
Standard status
Active
Size
13,991 SF
Class
C
Total Parking Spaces
22
Property subtype
Retail
Zoning
CORR
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1990
Buildings
1
Stories
2
Listing Agency:
Peak Commercial
Listed By:
William White · License #CA 01970431
Source:
Crexi
Added: Mar 28, 2025
Changed: Aug 8
Last Checked: Aug 10 at 2:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peak Commercial
Investment Insights
Based on property information with market context.
The Evergreen Animal Care Center, situated in Santa Clarita, CA, represents a business and real estate opportunity. This full-service veterinary hospital provides comprehensive pet care, including luxury boarding, daycare, and grooming services. The clinic is committed to high-quality medical care with a focus on preventative health and pet owner education. Services include veterinary care such as wellness exams, surgery, dental care, spay/neuter, ultrasound, in-house diagnostics, dermatology, and cardiology. Specialized services offered are geriatric care, flea control, and nutritional counseling. The pet resort provides luxury boarding and daycare options, ensuring a safe and comfortable environment for pets. The facility includes 3 exam rooms, 88 boarding enclosures for dogs and 15 boarding enclosures for cats, and a daycare capacity for 15-20 cats/dogs. There are two groomers, with a grooming capacity of 20-30 cats/dogs. The property size is 13991 square feet. The business is valued at $250,000. One DVM is staying post sale. This is a turnkey investment opportunity for veterinarians or investors in the pet care industry.
Key Highlights
- Established, profitable business with a proven track record and a valuation of $250,000.
- Full‑service veterinary hospital with comprehensive pet care services, including luxury boarding, daycare, and grooming.
- Turnkey investment opportunity suitable for veterinarians or investors in the pet care industry.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$225,153
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,503,060
$4.5M
Cap Rate 7%
$3,216,471
$3.2M
Cap Rate 9%
$2,501,700
$2.5M
Market Conditions
NOI Build-Up for 13,991 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$335.8K $24.00/SF
− Vacancy
−$14.1K −$1.01/SF
EGI
$321.6K $22.99/SF
− OpEx
−$96.5K −$6.90/SF
NOI
$225.2K $16.09/SF
Area
Santa Clarita, CA
Vacancy
4.21%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,503,060
Cap Rate 7%
$3,216,471
Cap Rate 9%
$2,501,700
Alternative Uses
Best Use
Retail
$3.22M
$2.81M – $3.75M
NOI $225,153 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,439 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Sunbelt Rentals, Inc.
Home Improvements & Furnishings
1,051 visits/mo
0.4 miles
Demographics for 91321, CA
33,560
Population
11,257
Households
3
Avg Household Size
37
Median Age
31%
College-Educated
84%
High-School Grad
26.7 sq mi
ZIP Area
1,257
Density / Sq Mi
$93,281
Median Household Income
$40,544
Median Earnings
$2,135
Median Rent
$654,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Full-service veterinary hospital with boarding, daycare, and grooming services.
Where is this retail space located?
The property is located at 23947 Newhall Ave Santa Clarita, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Established, profitable business with a proven track record and a valuation of $250,000.; Full‑service veterinary hospital with comprehensive pet care services, including luxury boarding, daycare, and grooming.; Turnkey investment opportunity suitable for veterinarians or investors in the pet care industry.
