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    24254 Main St Santa Clarita, CA 91321-2911
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    Property profile & analytics

    24254 Main St, Santa Clarita, CA 91321-2911

    View on Map
    • Auto shops
    • 9,259 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US09-9963190
    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
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Help Worldwide, Inc / Advertising Agency / Marketing & Advertising
    • WeSave Inc / Business To Business Service
    • Source Inc / Business To Business Service
    • Source / Electronics & Wireless Store

    Property Details for 24254 Main St

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Zone code
    SCSP
    Property type
    Auto shops
    APN
    2831-014-004
    APU
    2831014004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 30, 2014 $1,000,000 Main Street Newhall LLC Proteus Dev Corp Grant Deed $1M · Bank Of Santa Clarita
    Jun 19, 2014 $207,202 Proteus Dev Corp Assured Lender Services Trustees Deed · related —
    Oct 17, 2006 — Stewart Family Trust Ers Properties INC Quit Claim Deed · related —
    Oct 17, 2006 $1,800,000 Solano Developers LLC Stewart Family Trust Grant Deed $376k · Investment Property Exchange
    Mar 7, 2001 — Lee,jane Trustee Doty E M Trustee, Trustees Deed · related —
    Mar 26, 1997 — Doty Eugene M Doty,e M & M W Trustees Quit Claim Deed · related —
    — — Stewart Trust — Deed Of Trust · related $680k · Doty Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $685,000
      Market price range: $453k - $2.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.527
    Latitude
    34.3782
    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
    $18,323
    $1,001,538
    $176,737
    $1,178,275
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      24522 Spruce St

      AUTO REPAIR, GARAGE
      24522 Spruce St, Santa Clarita, CA 91321-1704
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      22509 4th St

      AUTO REPAIR, GARAGE
      22509 4th St, Santa Clarita, CA 91321-3017
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      $885,000
      3,967 SF

      24203 Main St

      AUTO REPAIR, GARAGE
      24203 Main St, Newhall, CA 91321-2910
      View Details
    • Value Estimation by Request
      7,947 SF

      22520 Lyons Ave

      AUTO REPAIR, GARAGE
      22520 Lyons Ave, Santa Clarita, CA 91321-2851
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    • Value Estimation by Request
      2,485 SF

      24953 Railroad Ave

      AUTO REPAIR, GARAGE
      24953 Railroad Ave, Santa Clarita, CA 91321-1053
      View Details

    Similar Nearby for Sale

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      1,080 SF

      Freestanding Building on Corner Lot

      Freestanding building with loading door, ideal for owner-user.
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      12,847 SF

      Newhall Avenue Retail Investment Opportunity

      Retail property with high visibility and signage in Santa Clarita.
      23681 Newhall Ave, Santa Clarita, CA 91321
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      7,040 SF

      Main Street Redevelopment Opportunity

      Retail, office, or multifamily redevelopment potential in Santa Clarita.
      24237 Main St, Santa Clarita, CA 91321
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    • $2,900,000

      Corner Location in Arts District

      Located in Santa Clarita's premier Arts and Entertainment District.
      22607 Main St, Santa Clarita, CA 91321
      View Details
    • Contact for pricing
      4,216 SF

      Freestanding Corner Building For Sale

      Freestanding corner building in Old Town Newhall's Arts & Entertainment corridor.
      22600 Lyons Ave, Santa Clarita, CA 91321
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      Santa Clarita Retail Drive-Thru Pads

      Drive-thru pads available with highway visibility in Santa Clarita Valley.
      Santa, Newhall, CA 91321
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Ground Lease Opportunity

      Rare 68,600 SF ground lease near Old Town Newhall.
      Nwc Of Newhall Ave & Needham Rnch Pkwy, Newhall, CA 91321
      View Details
    • Contact for pricing
      2,700 SF

      Santa Clarita Retail Spaces Available

      Retail and restaurant spaces available near I-5 and Lyons Ave.
      23404-23434 Lyons Ave, Santa Clarita, CA 91321
      View Details
    • Contact for pricing
      752 SF

      Retail Space Available For Rent

      Retail space available, can be combined with adjacent suite.
      24317-24319 Main St, Santa Clarita, CA 91321
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    • Contact for pricing

      Retail, Medical, and Office Park

      Flexible leasing opportunities in a well-established Retail, Medical, and Office Park.
      23548 Lyons Ave, Santa Clarita, CA 91321
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    • Contact for pricing

      Retail Space in Newhall Available

      New retail center for rent in Downtown Newhall.
      24048 Newhall Ave, Santa Clarita, CA 91321
      View Details
    • Contact for pricing

      Retail Space in Santa Clarita

      Retail space available in a dynamic neighborhood shopping center.
      23120 Lyons Ave, Santa Clarita, CA 91321
      View Details
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    Santa Clarita, CA 91321-2911
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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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