Medical Office Condominium with Clinical
For Sale
$565,000
150-44725 10th St W, Lancaster, CA 93534
Purpose-built healthcare suite with patient, treatment, administrative, and support areas already configured for medical operations.
Property Size1,971 SF
Price / SF$286.66
Days on Market19
Property Features for 150-44725 10th St W
General Information
Standard status
Active
Size
1,971 SF
Additional Details
Office Units
1
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Seffi Toneman, Broker
(661) 600-1269
Listed By:
Seffi Toneman · License #01878066
(661) 600-1269
Source:
Exprealty
Added: Jul 27
Changed: Aug 13
Last Checked: Aug 13 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seffi Toneman, Broker
Investment Insights
Based on property information with market context.
This medical office condominium contains 1,971± SF arranged for healthcare operations, with a patient waiting area, reception, multiple exam and treatment rooms, and supporting administrative and storage spaces. Several clinical rooms include sinks and cabinetry. The suite also provides an eat-in kitchen and break room, two restrooms, dedicated storage, a central hallway, and multiple access points throughout the floor plan.
The existing layout separates reception, patient care, staff, and support functions within a purpose-built medical setting. The property is currently occupied by RadNet and is located at 150-44725 10th St W in Lancaster, California.
The existing layout separates reception, patient care, staff, and support functions within a purpose-built medical setting. The property is currently occupied by RadNet and is located at 150-44725 10th St W in Lancaster, California.
Key Highlights
- 1,971± SF medical office condominium
- Multiple exam and treatment rooms, several with sinks and cabinetry
- Patient waiting area and dedicated reception space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,462
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,240
$649.2K
Cap Rate 7%
$463,743
$463.7K
Cap Rate 9%
$360,689
$360.7K
Market Conditions
NOI Build-Up for 1,971 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.1K $30.00/SF
− Vacancy
−$5.0K −$2.55/SF
EGI
$54.1K $27.45/SF
− OpEx
−$21.6K −$10.98/SF
NOI
$32.5K $16.47/SF
Area
Lancaster, CA
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$649,240
Cap Rate 7%
$463,743
Cap Rate 9%
$360,689
Alternative Uses
Best Use
Healthcare Medical
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 5.75%
Second Best
Office B
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$619.1K
$541.7K – $722.3K
NOI $43,338 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built healthcare suite with patient, treatment, administrative, and support areas already configured for medical operations.
Where is this medical office space located?
The property is located at 150-44725 10th St W Lancaster, CA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,971± SF medical office condominium; Multiple exam and treatment rooms, several with sinks and cabinetry; Patient waiting area and dedicated reception space
