Newhall Avenue Retail Investment
For Sale
Contact for pricing
23681 Newhall Ave, Santa Clarita, CA 91321
Retail property with high visibility and signage in Santa Clarita.
Property Size12,847 SF
Price / SF$272.44
Days on Market703
Property Features for 23681 Newhall Ave
General Information
Standard status
Active
Size
12,847 SF
Property subtype
Retail
Zoning
SCMX-C
Building Details
Year Built
1987
Buildings
1
Listing Agency:
IKON Properties
Listed By:
Blas Fernandez · License #CA 02012036
(818) 246-1099
Source:
Crexi
Added: Nov 15, 2024
Changed: Oct 3
Last Checked: Oct 19 at 6:22AM
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
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 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,743
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,134,860
$4.1M
Cap Rate 7%
$2,953,471
$3.0M
Cap Rate 9%
$2,297,144
$2.3M
Market Conditions
NOI Build-Up for 12,847 SF
Gross rent
$308.3K $24.00/SF
− Vacancy
−$13.0K −$1.01/SF
EGI
$295.3K $22.99/SF
− OpEx
−$88.6K −$6.90/SF
NOI
$206.7K $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 Rate 5%
$4,134,860
Cap Rate 7%
$2,953,471
Cap Rate 9%
$2,297,144
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 35%
Home Improvements & Furnishings 2%
Beauty & Spa 2%
Shell
Shops & Services
19,418 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,647 visits/mo
0.3 miles
Starbucks
Dining
13,268 visits/mo
0.2 miles
Panda Express
Dining
6,460 visits/mo
0.2 miles
Ferguson
Home Improvements & Furnishings
1,377 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
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.
