Three-Unit Mixed-Use
For Sale
$699,900
902 W Lancaster Boulevard, Lancaster, CA 93534
Commercial Sale, Lancaster, CA
Property Size3,510 SF
Lot Size0.19 Acres
Price / SF$199.40
Days on Market164
Property Features for 902 W Lancaster Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
LRC3
Lot features
Corner Lot
Directions
Travel on the 14N. Exit on Avenue K and continue straight to the roundabout and take the Lancaster Blvd east exit to Genoa Avenue. The property is located on the corner.
Subdivision
03 - Lancaster West
Standard status
Active
APN
3133-005-024
Size
3,510 SF
Lot size
0.19 Acres
Utilities
Utilities
Natural Gas Available
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1953
Floors in Building
1
Building materials
Stucco, Wood Siding
Roof type
Concrete, Tile
Listing Agency:
Roher Realty
(661) 951-0110
Listed By:
Angelo Gant · License #02158941
(760) 267-1184
Added: Apr 27
Changed: Oct 1
Last Checked: Oct 7 at 11:06AM
MLS# 26003415
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 3,510-square-foot building is arranged as three units: a 1,700-square-foot office suite and two 900-square-foot retail spaces. The office suite is vacant and furnished, with five private offices, a conference room, a kitchen and breakroom, and a private restroom. Each retail unit has its own front and rear entrance, restroom, and gas and electric meter; both are occupied under month-to-month leases. The layout can be combined into a single floor plate, according to the property’s configuration. The building dates to 1953 and is zoned LRC3.
Key Highlights
- 3,510‑square‑foot building on a 0.19‑acre lot
- Three‑unit layout: 1,700‑square‑foot office suite and two 900‑square‑foot retail units
- Office suite includes five private offices, a conference room, kitchen and breakroom, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,201
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,020
$1.2M
Cap Rate 7%
$831,443
$831.4K
Cap Rate 9%
$646,678
$646.7K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$88.5K $25.20/SF
− Vacancy
−$5.3K −$1.51/SF
EGI
$83.1K $23.69/SF
− OpEx
−$24.9K −$7.11/SF
NOI
$58.2K $16.58/SF
Area
Lancaster, CA
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,020
Cap Rate 7%
$831,443
Cap Rate 9%
$646,678
Alternative Uses
Best Use
Retail
$831.4K
$727.5K – $970.0K
NOI $58,201 @ 7.0% cap · market cap 8.32%
Second Best
Mixed Use
$804.4K
$703.9K – $938.5K
NOI $56,309 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,177 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A furnished office suite and two occupied retail spaces provide distinct configurations within one commercial property.
Where is this mixed-use property located?
The property is located at 902 W Lancaster Boulevard Lancaster, CA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,510‑square‑foot building on a 0.19‑acre lot; Three‑unit layout: 1,700‑square‑foot office suite and two 900‑square‑foot retail units; Office suite includes five private offices, a conference room, kitchen and breakroom, and restroom
