Retail Shopping
For Sale
Contact for pricing
21515 Soledad Canyon Rd, Santa Clarita, CA 91350
Well-sized retail shopping center offered for sale with a stated 6.25% CAP and 40,148 total square feet.
Property Size40,148 SF
Price / SF$337.45
Days on Market139
Property Features for 21515 Soledad Canyon Rd
General Information
Standard status
Active
Size
40,148 SF
Total Parking Spaces
121
Property subtype
Retail
Zoning
CC - Community Commercial
Occupancy
100%
Net Operating Income
$847,418
Additional Details
Cap Rate
6.25%
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Carlos Lopez · License #CA 00980904
Source:
Crexi
Added: Apr 23
Changed: Aug 28
Last Checked: Sep 8 at 5:58AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This for-sale retail shopping center totals 40,148 square feet and is presented with a stated 6.25% CAP. The offering is positioned as an income-oriented retail asset based on the published cap rate.
The property is located at 21515 Soledad Canyon Rd in Santa Clarita, California (91350). Additional specific tenant, unit mix, and configuration details are not provided in the available information.
From a space perspective, the key provided details are the overall size and the stated cap rate, supporting due diligence for a retail buyer or investor evaluating the property on an income basis.
The property is located at 21515 Soledad Canyon Rd in Santa Clarita, California (91350). Additional specific tenant, unit mix, and configuration details are not provided in the available information.
From a space perspective, the key provided details are the overall size and the stated cap rate, supporting due diligence for a retail buyer or investor evaluating the property on an income basis.
Key Highlights
- Retail shopping center built in 1989
- Total building size: 40,148 SF
- Stated 6.25% CAP
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
$646,091
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
4.77%
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%
$12,921,820
$12.9M
Cap Rate 7%
$9,229,871
$9.2M
Cap Rate 9%
$7,178,789
$7.2M
Market Conditions
NOI Build-Up for 40,148 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
$963.6K $24.00/SF
− Vacancy
−$40.6K −$1.01/SF
EGI
$923.0K $22.99/SF
− OpEx
−$276.9K −$6.90/SF
NOI
$646.1K $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%
$12,921,820
Cap Rate 7%
$9,229,871
Cap Rate 9%
$7,178,789
Alternative Uses
Best Use
Retail
$9.23M
$8.08M – $10.77M
NOI $646,091 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.06M
$8.80M – $11.74M
NOI $704,303 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
420k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 62%
Shops & Services 21%
Apparel 8%
Dining 8%
Walmart
Superstores
140,649 visits/mo
0.4 miles
Sam's Club
Superstores
119,721 visits/mo
0.5 miles
Sam's Club Gas Station
Shops & Services
52,734 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
34,256 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
18,784 visits/mo
0.2 miles
Demographics for 91350, CA
41,514
Population
13,959
Households
3
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
15.9 sq mi
ZIP Area
2,611
Density / Sq Mi
$135,612
Median Household Income
$65,115
Median Earnings
$2,485
Median Rent
$733,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 26471 Carl Boyer Dr, Santa Clarita, CA 91350
- Centre Pointe Village — Carl Boyer Dr, Santa Clarita, CA 91350
- Soledad Plaza — Santa Clarita, CA 91351
Frequently Asked Questions
What type of property is this?
Shopping center - Well-sized retail shopping center offered for sale with a stated 6.25% CAP and 40,148 total square feet.
Where is this shopping center located?
The property is located at 21515 Soledad Canyon Rd Santa Clarita, CA.
What is the asking price?
The asking price for this property is $13,548,000.
What are key features of this property?
This property features: Retail shopping center built in 1989; Total building size: 40,148 SF; Stated 6.25% CAP
