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    16904 Sierra Hwy Canyon Country, CA 91351-1345
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    Property profile & analytics

    16904 Sierra Hwy, Canyon Country, CA 91351-1345

    View on Map
    • Retail space
    • 18,900 SF
    • 4.66 lot acres
    Off-Market
    Property ID
    US09-9944630
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tractor Supply Co. / Pet Store & Service

    Property Details for 16904 Sierra Hwy

    Year built
    2018
    Lot size
    4.66 lot acres
    Zone code
    LCM1*
    Property type
    Retail space
    APN
    3231-012-012
    APU
    3231012012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 23, 2021 — Mccandless Canyon LLC — Deed · related $1.5M · Bank Of Southern California NA
    Jun 5, 2020 — Mccadnless Canyon LLC — Deed · related $1.5M · American Business Bank
    Feb 15, 2019 — Mccandless Canyon LLC — Deed · related $1.5M · Pacific Western National Bank
    Sep 21, 2018 $7,352,400 Mccandless Canyon LLC Hix Snedeker Santa Clarita LLC Grant Deed —
    Sep 21, 2018 — Mccandless Canyon LLC Hix Snedeker Santa Clarita LLC Grant Deed · related —
    Jul 12, 2017 $1,300,000 Hix Snedeker Santa Clarita LLC Robert J Greenberg Grant Deed —
    Mar 26, 2004 — Greenberg,tr Greenberg,r J & Judith Quit Claim Deed · related —
    Sep 13, 1988 $667,000 Greenberg R J Mihich,william J Grant Deed $485k · Mihich William J

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,070,000
      6.5%
      $4,680,000
      7%
      $4,345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,846,000
      Market price range: $710k - $3.85M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,810,000
      Current use
      MEDICAL BUILDING
      $8,590,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,700,000
      Change: -1% Conversion: Difficult
      OFFICE BUILDING
      $7,490,000
      Change: -4% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canyon Country
    County
    Los Angeles
    State
    California
    Longitude
    -118.429
    Latitude
    34.4412
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $106,646
    $6,124,416
    $1,916,503
    $8,040,919
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,015,000
      7,200 SF

      27209 Cp Plenty Rd

      RETAIL STORES (PERSONAL SERVICES)
      27209 Cp Plenty Rd, Santa Clarita, CA 91351-2634
      View Details
    • Value Estimation
      $1,650,000
      10,320 SF

      19965 Soledad Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      19965 Soledad Cyn Rd, Santa Clarita, CA 91351-2626
      View Details
    • Value Estimation
      $770,000
      4,080 SF

      18934 Soledad Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      18934 Soledad Cyn Rd, Santa Clarita, CA 91351-3381
      View Details
    • Value Estimation
      $1,280,000
      5,760 SF

      17737 Sierra Hwy

      RETAIL STORES (PERSONAL SERVICES)
      17737 Sierra Hwy, Santa Clarita, CA 91351-1636
      View Details
    • Value Estimation
      $1,290,000
      3,240 SF

      17702 Sierra Hwy

      RETAIL STORES (PERSONAL SERVICES)
      17702 Sierra Hwy, Santa Clarita, CA 91351-1635
      View Details
    • Value Estimation by Request
      223,229 SF

      19317-19415 Soledad Canyon Rd

      Individual retail properties
      19317-19415 Soledad Canyon Rd, Santa Clarita, CA 91351
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grocery Anchored Retail Center

      Prime retail spaces available in a high-traffic, grocery-anchored center.
      18571 Soledad Canyon Rd, Canyon Country, CA 91351
      View Details
    • $3,999,950
      12,960 SF

      Renovated Commercial Building For Sale

      Multi-tenant investment property with street frontage in Canyon Country, CA.
      17734 Sierra Hwy, Canyon Country, CA 91351
      View Details
    • $1,100,000
      1,500 SF

      Retail Space on Soledad Canyon

      Retail space in a high-traffic commercial area.
      20605 Soledad Canyon Rd, Canyon Country, CA 91351
      View Details
    • $1,100,000
      Pending

      Retail Space on Soledad Canyon

      Retail space with high visibility in Santa Clarita.
      20605 Soledad Canyon Rd, Santa Clarita, CA 91351
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space For Lease

      Retail space available for lease in Santa Clarita, CA.
      19409-19439 Soledad Canyon Rd, Santa Clarita, CA 91351
      View Details
    • Contact for pricing
      3,072 SF

      Retail Space For Lease

      In-line retail space available for lease.
      19327-19401 Soledad Canyon Rd, Santa Clarita, CA 91351
      View Details
    • Contact for pricing
      7,638 SF

      Retail Space For Lease

      Retail space available for lease in Santa Clarita, CA.
      19309-19319 Soledad Canyon Rd, Santa Clarita, CA 91351
      View Details
    • $6,500 /Mo

      Neighborhood Retail Center Storefront

      Established retail building with strong corridor exposure and on-site parking for convenient customer access.
      20605 Soledad Canyon Rd, Santa Clarita, CA 91351
      View Details
    • $6,500 /Mo
      1,500 SF

      Retail Space in Canyon Country

      Retail space with high visibility in a busy commercial area.
      20605 Soledad Canyon Rd, Canyon Country, CA 91351
      View Details
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    Canyon Country, CA 91351-1345
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    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
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