Single-Tenant Warehouse
For Sale
$3,225,000
Pending
20644 Superior Street Chatsworth, Chatsworth, CA 91311
Industrial space includes drive-in loading, on-site parking, and recent roof and bathroom improvements.
Property Size12,400 SF
Lot Size0.50 Acres
Days on Market12
Property Features for 20644 Superior Street Chatsworth
General Information
Standard status
Pending
Size
12,400 SF
Total Parking Spaces
20
Lot size
0.50 Acres
Zoning
LAMR2
Additional Details
Drive-In Doors
2
Amenities
10001
20
0.2296
12400
Building Details
Building Size
12,400 SF
Year Built
1973
Tenancy
Single
Listing Agency:
Coral Tree Real Estate Service
(909) 328-1567
Listed By:
Jenece Burke · License #01943408
(909) 328-1567
Source:
Rmarealty
Added: Aug 15
Changed: Aug 24
Last Checked: Aug 26 at 5:47AM
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 Coral Tree Real Estate Service
Investment Insights
Based on property information with market context.
This single-tenant industrial building at 20644 Superior Street in Chatsworth contains 12,400 SF of building area on a 21,780 SF lot. The facility includes two drive-in doors measuring about 12 feet wide and 15 feet high, along with approximately 20 parking spaces. Constructed in 1973, the property has a newer roof about five years old and remodeled bathrooms.
The building is located near commercial businesses and other industrial properties in Chatsworth, California. Its single-tenant configuration provides space for an owner-user operation or continued use by one industrial occupant.
The building is located near commercial businesses and other industrial properties in Chatsworth, California. Its single-tenant configuration provides space for an owner-user operation or continued use by one industrial occupant.
Key Highlights
- 12,400 SF industrial building on a 21, 780 SF lot
- Two drive‑in doors, about 12 feet wide and 15 feet high
- Approximately 20 parking spaces
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
$161,348
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
5.00%
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%
$3,226,960
$3.2M
Cap Rate 7%
$2,304,971
$2.3M
Cap Rate 9%
$1,792,756
$1.8M
Market Conditions
NOI Build-Up for 12,400 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
$199.4K $16.08/SF
− Vacancy
−$9.6K −$0.77/SF
EGI
$189.8K $15.31/SF
− OpEx
−$28.5K −$2.30/SF
NOI
$161.3K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$3,226,960
Cap Rate 7%
$2,304,971
Cap Rate 9%
$1,792,756
Alternative Uses
Best Use
Warehouse
$2.30M
$2.02M – $2.69M
NOI $161,348 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.64M
$5.81M – $7.75M
NOI $464,724 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91311, CA
39,014
Population
14,879
Households
2.6
Avg Household Size
44
Median Age
45%
College-Educated
91%
High-School Grad
32.6 sq mi
ZIP Area
1,197
Density / Sq Mi
$117,574
Median Household Income
$60,403
Median Earnings
$2,199
Median Rent
$837,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space includes drive-in loading, on-site parking, and recent roof and bathroom improvements.
Where is this warehouse located?
The property is located at 20644 Superior Street Chatsworth Chatsworth, CA.
What is the asking price?
The asking price for this property is $3,225,000.
What are key features of this property?
This property features: 12,400 SF industrial building on a 21, 780 SF lot; Two drive‑in doors, about 12 feet wide and 15 feet high; Approximately 20 parking spaces
