Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24303 Walnut St Santa Clarita, CA 91321-2900
    Back to Search
    Property profile & analytics

    24303 Walnut St Santa Clarita, CA 91321-2900

    View on Map
    • Office buildings
    • 6,270 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US09-8002929
    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
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • James Bell P.C. - Healthcare Fraud Group / Law Firm
    • pointfar automation / Consultant
    • PayEnergy / Freight Service / Logistics Company
    • Cal Executive Insurance Services / Insurance Agency
    • Commercial Lending Sana Clarita CA / Business Broker

    Property Details for 24303 Walnut St

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    6,270 SF
    Zone code
    SCSP
    Property type
    Office buildings
    APN
    2831-013-028
    APU
    2831013028

    Description

    This exceptional executive office space, located at 24303 Walnut Street in Santa Clarita, California, offers a unique opportunity for businesses seeking a prestigious address within the vibrant Old Town Newhall redevelopment area. The property, a Class B building constructed in 1987, boasts a total of 6,270 square feet, with flexible suites ranging from a minimum of 215 square feet to a maximum contiguous space of 1,180 square feet. Multiple tenancy options are available, catering to diverse business needs. The building's convenient location offers unparalleled access to amenities. Situated directly across from Veteran's Park, it provides a tranquil and appealing work environment. Enjoy the convenience of walking distance to a variety of restaurants and retail establishments in the heart of Old Town Newhall. Practical features include first-floor garage parking, simplifying commutes and client access. The property is easily accessible from Market Street and Walnut Street. All utilities are included, minimizing operational overhead and simplifying budgeting. This is an ideal location for businesses seeking a blend of professional ambiance, convenient amenities, and a thriving community atmosphere. The property is located in Los Angeles County, zip code 91321.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,470,000
      6.5%
      $1,355,000
      7%
      $1,260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.529
    Latitude
    34.3781
    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
    $14,085
    $500,643
    $512,020
    $1,012,663
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,960,000
      12,476 SF

      22722 Lyons Ave

      OFFICE BUILDING • 12,476 SF
      22722 Lyons Ave, Santa Clarita, CA 91321-2848
      View Details
    • Value Estimation
      $1,595,000
      6,475 SF

      24018 Lyons Ave

      OFFICE BUILDING • 6,475 SF
      24018 Lyons Ave, Santa Clarita, CA 91321-2441
      View Details
    • Value Estimation by Request
      710 SF

      23260 Sierra Hwy

      OFFICE BUILDING • 710 SF
      23260 Sierra Hwy, Santa Clarita, CA 91321
      View Details
    • Value Estimation by Request
      984 SF

      24417 Chestnut St

      OFFICE BUILDING • 984 SF
      24417 Chestnut St, Santa Clarita, CA 91321-2813
      View Details
    • Value Estimation by Request
      1,640 SF

      24012 Lyons Ave

      OFFICE BUILDING • 1,640 SF
      24012 Lyons Ave, Santa Clarita, CA 91321-2441
      View Details
    • Value Estimation
      $1,480,000
      5,100 SF

      24325 Main St

      OFFICE BUILDING (MULTI-STORY) • 5,100 SF
      24325 Main St, Santa Clarita, CA 91321-2932
      View Details

    Similar Nearby for Sale

    • $1,166,025
      2,789 SF

      Santa Clarita Office Space

      Office space available for sale in Santa Clarita.
      23206 Lyons Ave, Santa Clarita, CA 91321
      View Details
    • $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
    • $5,750,000

      Serenity Acres Mobile Home Park

      Mobile home park with apartments in Santa Clarita, California.
      24833 Railroad Ave, Santa Clarita, CA 91321
      View Details
    • $420,000
      17,606.00 Acres

      Bella Vista View Lot

      Large lot in gated community with utilities available.
      24879 Bella Vista Dr, Newhall, CA 91321
      View Details
    • Contact for pricing
      1,080 SF

      Freestanding Building on Corner Lot

      Freestanding building with loading door, ideal for owner-user.
      24343 Railroad Ave, Santa Clarita, CA 91321
      View Details

    Similar Nearby for Lease

    • $1,695 /Mo

      Office Space for Rent

      Office space available in Newhall, Los Angeles County.
      24631 Arch St, Newhall, CA 91321
      View Details
    • 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
      View Details
    • Contact for pricing

      Santa Clarita Executive Suites

      Premium executive suites in a prime Santa Clarita location.
      22621 Lyons Ave, Santa Clarita, CA 91321
      View Details
    • Contact for pricing
      4,674 SF

      Move-in Ready Second Floor Office

      Second floor office space with medical build-out available for rent.
      24355 Lyons Ave, Santa Clarita, CA 91321
      View Details
    • $2 SF/Yr
      835 SF

      Move-in Ready Office Space

      Turn-key office space available for rent in Santa Clarita.
      23942 Lyons Ave, Santa Clarita, CA 91321
      View Details
    • Contact for pricing
      1,080 SF

      Office/Retail Space For Rent

      Built out office/retail space available for rent.
      23630-23638 Newhall Ave, Santa Clarita, CA 91321
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24303 Walnut St
    Santa Clarita, CA 91321-2900
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24303 Walnut St, Santa Clarita, CA, 91321
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!