Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lancaster Land with Agricultural Potential Title is generated by Realmo AI

    187th Street E & Avenue M-8, Lancaster, CA 93535

    View on Map
    Claim this Listing
    For Sale
    $55,000

    LAND - Lancaster, CA

    Lot size:
    20.57 Acres
    Added:
    May 8, 2025
    Days on Market:
    395
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 187th Street E & Avenue M-8

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3162037036
    Lot size
    20.57 Acres

    We can help!

    Listing Contact
    Jerry V Tocchini

    Listing agent Jerry V Tocchini License #01354538

    Listing office Tocchini Real Estate 350 Townsend St Suite 409, Stockton, CA

    Listing date May 8, 2025

    MLS# 219138388 Listing URL

    Copyright © 2026 California Desert 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.

    HighLights

    • 20+ acres of land, offering ample space and possibilities.
    • Heavy Agriculture zoning allows for farming and animals.
    • Lowest cost per acre in the area.
    • Close proximity to Lake Los Angeles (1 mile) for services.
    • Residential zoning.
    • Geo‑Coordinates provided for easy location.

    Overview

    This property features over 20 acres of land in Lancaster, California. Situated approximately one mile from Lake Los Angeles, the location offers convenient access to services. The zoning is residential with heavy agriculture, accommodating a range of farming activities and animal husbandry. The land presents a potential investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -117.79372
    Latitude
    34.637773

    Nearby Similar for Sale

    • $775,000
      5,721 SF

      Mixed-Use Building in Downtown Lancaster

      Three-unit building with shop/warehouse space and offices for sale.
      45030 Trevor Avenue, Lancaster, CA 93534
      View Details
    • $899,999
      4,400 SF

      Retail Property in Downtown Lancaster

      Multi-tenant retail property in the heart of downtown Lancaster.
      616 W Lancaster Boulevard, Lancaster, CA 93534
      View Details
    • $699,999
      3,484 SF

      Versatile Lancaster Property for Redevelopment

      Nearly an acre with LCR3 zoning, ideal for redevelopment.
      4232 W Ave L, Lancaster, CA 93536
      View Details
    • $730,000
      3,510 SF

      Downtown Lancaster Commercial Building For Sale

      Well-maintained commercial building in Downtown Lancaster with office and retail spaces.
      902 W Lancaster Boulevard, Lancaster, CA 93534
      View Details
    • $860,000
      6,565 SF

      Lancaster Commercial Building on Revitalized Blvd

      Large commercial building in a high-traffic, revitalized area.
      656 W Lancaster Boulevard, Lancaster, CA 93534
      View Details
    • $860,000
      6,565 SF

      Lancaster Commercial Building For Sale

      Commercial building on revitalized Lancaster Blvd, suitable for retail/office.
      656 W Lancaster, Lancaster, CA 93534
      View Details
    • $55,556
      300 SF

      Turnkey Laundry Business Opportunity

      Fully equipped wash-and-fold laundry business ready for immediate operation.
      340 W Avenue I, Lancaster, CA 93534
      View Details
    • $560,000
      3,914 SF

      Freestanding Office Building For Sale

      Freestanding office building in Centerpoint Business Park, Lancaster.
      44285 Lowtree Avenue, Lancaster, CA 93534
      View Details
    • $1,375,000
      5,050 SF

      Lancaster Multifamily Investment Opportunity

      Well-maintained 7-unit multifamily property near Lancaster's Cultural District.
      44751 Fern Ave, Lancaster, CA 93534
      View Details
    • $449,500
      2,290 SF

      Lancaster Commercial Opportunity Near "Blvd"

      Versatile commercial property in Lancaster's thriving commercial/industrial district.
      113 Pillsbury Street, Lancaster, CA 93534
      View Details
    • $449,500
      2,290 SF

      Versatile Mixed-Use Property, Lancaster

      Mixed-use property in Lancaster's commercial/industrial district.
      113 Pillsbury Street, Lancaster, CA 93534
      View Details
    • $550,000
      1,900 SF

      Mixed-Use Property in Lancaster, CA

      Mixed-use property featuring two buildings and workshop area.
      45402 Beech Avenue, Lancaster, CA 93534
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 20+ acres near Lake Los Angeles, suitable for farming.
    Where is this agricultural land / farmland located?
    The property is located at 187th Street E & Avenue M-8 Lancaster, CA.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 20+ acres of land, offering ample space and possibilities.; Heavy Agriculture zoning allows for farming and animals.; Lowest cost per acre in the area.
    (415) 373-8400
    We can help!
    Listing Contact
    Jerry V Tocchini
    Real Estate License ID: 01354538
    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.
    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
    187th Street E & Avenue M-8, Lancaster, CA 93535
    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!