Newhall Avenue Retail Investment
23681 Newhall Ave Santa Clarita, CA 91321
23681 Newhall Ave, Santa Clarita, CA, 91321
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For Sale
Contact for pricing
Retail property with high visibility and signage in Santa Clarita.
Property Size12,847 SF
Price / SF$272.44
Days on Market610
Property Features for 23681 Newhall Ave
General Information
- Standard status
- Active
- Size
- 12,847 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing Agency
IKON Properties
(818) 246-1099
Listed by
Blas Fernandez · License #CA 02012036
Source
Crexi
Added: Nov 15, 2024 Checked: Jul 17 at 3:15 am
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 IKON Properties
Investment Insights
Based on property information with market context.
This commercial property, located on Newhall Avenue in Santa Clarita, presents an investment or owner-user opportunity. The property benefits from street visibility and prominent signage in a high-traffic area. Additional revenue is generated from an on-site billboard. The building has a new roof. The location provides access to both the 14 and 5 freeways. The property is part of a portfolio sale with an adjacent property also available. Four out of twelve units in the building are owner-occupied. The owner is open to leasing the occupied units from the buyer. The property contains 12,847 square feet and is suitable for both investors and owner-users. Multiple new developments are upcoming in the area.
Key Highlights
- Excellent street visibility and prominent signage in a high‑traffic area.
- Strategic location in a highly desirable area of Santa Clarita.
- Additional revenue potential from an on‑site billboard.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.3k | $24.00 |
| − Vacancy | −$13.0k | −$1.01 |
| EGI | $295.3k | $22.99 |
| − OpEx | −$88.6k | −$6.90 |
| NOI | $206.7k | $16.09 |
12,847 SF · lease $24.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.95M
$2.58M – $3.45M
NOI $206,743 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,371 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Finish Cut Barber ...
Barber Shop
3720 LCC
Hotel & Motel
Mullen Finance Plan
Loan Service
AutoInvest Inc.
Car Dealership
FILO Barbershop
Barber Shop
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FAQs
What type of property is this?
Retail property - Retail property with high visibility and signage in Santa Clarita.
Where is this retail property located?
The property is located at 23681 Newhall Ave Santa Clarita, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Excellent street visibility and prominent signage in a high‑traffic area.; Strategic location in a highly desirable area of Santa Clarita.; Additional revenue potential from an on‑site billboard.
