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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Turn key restaurants
24201 Magic Mtn Pkwy, Santa Clarita, CA 91355-3401
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7164429
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1989
Total area
7,739 SF
Lot
1.05 ac (45,645 SF)
Zoning code
SCCR
APN
2811-025-017
UPID
US09-7164429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
J.R.'s Comedy Club Nightclub Theater & Performing Art Venue
-
Mimi's Cafe Take-out & Catering Catering Service
-
Castaic Lions Club Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$5.00M
Owner & transaction history
Trea River Oaks Owner LLC · 1 yrs held
Trea River Oaks Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
SCCR · Santa Clarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Clarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clarita submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,040,000
Current use
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$645 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$77,219
Tax year 2024
Assessed value
$3,529,499
Assessed 2024
Previous assessed
$3,529,499
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$2,805,529
Assessed improvement
$723,970
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
YES
Stories
1
Total area
7,739 SF
Lot
1.05 ac (45,645 SF)
Zoning code
SCCR
APN
2811-025-017
UPID
US09-7164429
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SCCR · Santa Clarita, CA
Zoning SCCR · permitted uses
SCCR · Santa Clarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$5.0M
RESTAURANT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Trea River Oaks Owner LLC
Entity
Mailing address
3025 HIGHLAND PKWY STE #350, DOWNERS GROVE, IL 60515-5541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Trea River Oaks Owner LLC
Ivt River Oaks Valencia LLC
Grant Deed
—
Jul 26, 2022
—
Ivt River Oaks Valencia LLC
Southern California Edison Company
Intrafamily Transfer
related
—
Oct 13, 2017
$81,122,500
Ivt River Oaks Valencia LLC
Prism River Oaks LP
Grant Deed
—
Apr 24, 2017
—
Rs River Oaks LLC
Prism River Oaks LP
Quit Claim Deed
$45,000,000 · Bank Of America
Jul 1, 2009
—
River Oaks Prism
Irvine Holdings
Grant Deed
—
Jul 1, 2009
$802,000
Dsea River Oaks LLC
Irvine Holdings
Grant Deed
—
Jul 1, 2009
$1,292,000
Dsea River Oaks LLC
Kly River Oaks LLC
Grant Deed
—
Mar 31, 2006
—
River Oaks Prism
Wong,dennis J
Grant Deed
—
Jul 1, 2005
—
Dennis J Wong
Pleasant Hill Partners
Grant Deed
—
Aug 19, 2004
—
Sacramento North Lease Par Jbc
—
Deed Of Trust
related
$31,200,000 · Metropolitan Life Insurance
Aug 9, 2004
—
Spi River Oaks LLC
Wong,dennis J
Grant Deed
related
—
Jun 2, 2004
—
Dennis J Wong
Wong,shannon E
Quit Claim Deed
related
—
May 28, 2004
—
Sacramento North Lease Par Jbc
Lnr River Oaks Plaza Partners
Grant Deed
$26,000,000 · Bank Of America
Jan 29, 2004
—
Lnr River Oaks Plaza Partners
—
Deed Of Trust
related
$81,000,000 · Us Bank NA Trustee
Jan 28, 2004
—
Lnr River Oaks Plaza Partners
Newhall Land & Farming Co
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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