Newhall Avenue Retail Investment
23681 Newhall Ave, Santa Clarita, CA 91321
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Retail property with high visibility and signage in Santa Clarita.
Type:Retail
Property size:
12,847 SFPrice / SF:
$272/SF- Added:
- Nov 15, 2024
- Days on Market:
- 564
- Last Refresh:
- May 12 at 10:44 pm
Property Features for 23681 Newhall Ave
General Information
- Standard status
- Active
- Size
- 12,847 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1987
Listing agent Blas Fernandez License #CA 02012036
Listing office IKON Properties (661) 803-6678
Listing date Nov 15, 2024
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 IKON Properties
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.
- Easy access to freeways 14 and 5.
- New roof.
- Opportunity for owner‑user or investment, with the owner open to leasing occupied units from the buyer.
Overview
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.
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 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
Location Insight
- Map
- Local Demand
- City
- Santa Clarita
- County
- Los Angeles
- State
- California
- Longitude
- -118.5144098
- Latitude
- 34.3700588
Nearby Similar for Sale
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.
