Three-Unit Office
24320 Main Street, Newhall, CA 91321
For Sale
$2,350,000
Three office suites are complemented by a loading dock, substantial storage, and on-site parking.
Property Size5,089 SF
Price / SF$461.78
Days on Market117
Property Features for 24320 Main Street
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Office Units
Property Use
Amenities
loading dock
large storage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Julie Henry
Listed By:
Julie Henry · License #01247749
(661) 313-6190
Source:
Duprerealestate
Added: Jul 15
Changed: Nov 7
Last Checked: Nov 7 at 4:35PM
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 Julie Henry
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,089-square-foot office building contains three units: Unit A at 1,797 square feet, Unit B at 2,866 square feet, and Unit C at 426 square feet. A loading dock, large storage area, and parking spaces serve the property. The building was constructed in 1926.
The property is on Main Street in Old Town Newhall, California.
The property is on Main Street in Old Town Newhall, California.
Key Highlights
- 5,089‑square‑foot office building divided into three units
- Unit A: 1,797 sq. ft.; Unit B: 2,866 sq. ft.; Unit C: 426 sq. ft.
- Loading dock, large storage area, and parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,075
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,500
$1.3M
Cap Rate 7%
$958,214
$958.2K
Cap Rate 9%
$745,278
$745.3K
Market Conditions
NOI Build-Up for 5,089 SF
Gross rent
$138.0K $27.12/SF
− Vacancy
−$48.6K −$9.55/SF
EGI
$89.4K $17.57/SF
− OpEx
−$22.4K −$4.39/SF
NOI
$67.1K $13.18/SF
Area
Santa Clarita, CA
Vacancy
35.20%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,500
Cap Rate 7%
$958,214
Cap Rate 9%
$745,278
Alternative Uses
Best Use
Office B
$958.2K
$838.4K – $1.12M
NOI $67,075 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,275 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
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
$654,300
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Los Angeles County, CA
Properties on Market for Office buildings in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three office suites are complemented by a loading dock, substantial storage, and on-site parking.
Where is this office building located?
The property is located at 24320 Main Street Newhall, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 5,089‑square‑foot office building divided into three units; Unit A: 1,797 sq. ft.; Unit B: 2,866 sq. ft.; Unit C: 426 sq. ft.; Loading dock, large storage area, and parking spaces
