Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space For Lease Title is generated by Realmo AI

    23744-23780 Newhall Ave, Santa Clarita, CA 91354

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces available for lease.

    Type:Retail
    Added:
    Jan 18, 2022
    Days on Market:
    1593
    Last Refresh:
    May 12 at 10:57 pm

    Property Features for 23744-23780 Newhall Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 23744-23780 Newhall Ave Contact us

    We can help!

    Listing Contact
    Erica Balin
    Erica Balin

    Listing agent Erica Balin License #CA 01481476

    Listing office Lee & Associates - LA North - Westlake Village

    Listing date Jan 18, 2022

    Source Crexi

    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 Lee & Associates - LA North - Westlake Village

    HighLights

    • For Lease

    Overview

    Retail spaces are available for lease.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.5156754
    Latitude
    34.3718113

    Nearby Similar for Lease

    • Sponsored
      $129-$10,596/Mo
      11-1,292 SF

      Gateway Plaza

      25350 Magic Mountain Pkwy, Unit 300, Santa Clarita, CA 91355
      View Details
    • $3 SF/Yr
      29,277 SF

      Class A Office Space Available

      Prime office space with freeway access and ample parking.
      28515 Westinghouse Place, Santa Clarita, CA, 91355
      View Details
    • $1.45 SF/Yr
      68,945 SF

      Valencia Industrial Center Flex Space

      68,945 SF flex space available for sale or lease.
      26081 Avenue Hall, Santa Clarita, CA, 91355
      View Details
    • $2 SF/Yr
      3,243 SF

      High Image Office Suite Available

      Immediately available office suite in Tourney Road office corridor.
      27413 Tourney Road, Santa Clarita, CA, 91355
      View Details
    • $0.92 SF/Yr
      80,000 SF

      Saugus Station Industrial Center

      80,000 SF industrial building with additional yard area for rent.
      25750 Springbrook Avenue, Santa Clarita, CA, 91350
      View Details
    • $0.92 SF/Yr
      8,000 SF

      Saugus Station Industrial Space

      Industrial space for lease in prime Santa Clarita location.
      25655 Springbrook Ave, Santa Clarita, CA 91350
      View Details
    • $2 SF/Yr
      8,629 SF

      Santa Clarita Office Suites Available

      Office suites available in Santa Clarita with easy freeway access.
      25115 Avenue Stanford, Santa Clarita, CA, 91355
      View Details
    • $2 SF/Yr
      2,030 SF

      High Image Office Building

      Office building with double door entry and extensive window line.
      27441 Tourney Road, Santa Clarita, CA, 91355
      View Details
    • $2 SF/Yr
      10,436 SF

      Santa Clarita Medical/Professional Office Space

      Newly renovated medical/professional office space available for lease.
      23951 Newhall Ranch Road, Santa Clarita, CA, 91355
      View Details
    • Contact for pricing
      845 SF

      Grocery Anchored Retail Space Available

      Retail space available in a grocery and drug store anchored center.
      16520 Soledad Canyon Rd, Santa Clarita, CA 91387
      View Details
    • Contact for pricing

      CA, Santa Clarita- Sierra Hwy

      27125 Sierra Hwy, Santa Clarita, CA 91351
      View Details
    • $0.92 SF/Yr
      12,635 SF

      Industrial Space in Santa Clarita

      Multi-tenant industrial building in prime Santa Clarita location.
      25670-25682 Springbrook Ave, Santa Clarita, CA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available for lease.
    Where is this retail space located?
    The property is located at 23744-23780 Newhall Ave Santa Clarita, CA.
    What are key features of this property?
    This property features: For Lease
    (818) 986-9800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erica Balin
    Erica Balin
    Real Estate License ID: CA 01481476
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23744-23780 Newhall Ave, Santa Clarita, CA 91354
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!