Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Freestanding Retail Drugstore With Drive-Through Title is generated by Realmo AI

    2938 W Rosamond Boulevard, Rosamond, CA 93560

    View on Map
    Claim this Listing
    For Sale
    $3,000,000

    Well-maintained, newer retail building with ample parking and a two-lane drive-through on a development-ready site.

    Type:Commercial
    Added:
    Feb 18, 2026
    Days on Market:
    107
    Last Refresh:
    Jun 5 at 2:22 am

    Property Features for 2938 W Rosamond Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Ryan Sypek

    Listing office Compass

    Listing date Feb 18, 2026

    Source Sevengables

    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 Compass

    HighLights

    • 2016‑built retail building in well‑maintained condition
    • Former Rite Aid property for sale for $3,000,000 or lease for $20,000/month
    • Over 3 acres with excess portion of the lot primed for development
    • Signalized hard‑corner location close to the freeway
    • Ample parking with a two‑lane drive‑through
    • Suitable for a variety of uses

    Overview

    Former Rite Aid retail building available for sale or lease, featuring a drive-through and on-site parking to support day-to-day customer flow. The property includes a well-maintained structure described as approximately 10 years old, along with a larger excess portion of the lot identified as primed for development.

    The site is positioned near the freeway on a signalized hard-corner location, which supports straightforward ingress and egress for vehicles. The property offers a two-lane drive-through and ample parking, supporting pharmacy, retail, and other service-oriented concepts. Seller also notes proposed development next door, which may influence future traffic patterns.

    This asset is suitable for tenants and operators seeking a freestanding retail configuration with established drive-through functionality and parking. It also presents flexibility for buyers who want to occupy the existing retail building while evaluating the additional development portion of the lot. The combination of retail improvements, vehicle-oriented access, and development acreage supports multiple use scenarios, subject to applicable approvals.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rite Aid Pharmacy — 2938 W Rosamond Blvd, Rosamond, CA 93560

    Location Insight

    • Map
    • Local Demand
    City
    Rosamond
    County
    Kern
    State
    California
    Longitude
    -118.183985
    Latitude
    34.864074

    Nearby Similar for Sale

    • $295,000
      1,672 SF

      Rosamond Retail Storefront on Sierra

      Retail storefront in Rosamond's business district on Sierra Highway.
      2939 Sierra Highway, Rosamond, CA 93560
      View Details
    • $950,000
      5,516 SF

      Rosamond Triplex: Investment Opportunity

      Well-maintained triplex in Rosamond with strong income potential.
      Rosamond, CA 93560
      View Details
    • $425,000

      Rosamond Multi-Family Income Opportunity

      Multi-family property with immediate rental income potential in Rosamond.
      1937 Center Street, Rosamond, CA 93560
      View Details
    • $4,250,000
      17,253 SF

      Freestanding Retail Building For Sale

      Freestanding retail building with drive-through and excess land.
      2938 W Rosamond Blvd, Rosamond, CA
      View Details

    FAQs

    What type of property is this?
    Drug store - Well-maintained, newer retail building with ample parking and a two-lane drive-through on a development-ready site.
    Where is this drug store located?
    The property is located at 2938 W Rosamond Boulevard Rosamond, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 2016‑built retail building in well‑maintained condition; Former Rite Aid property for sale for $3,000,000 or lease for $20,000/month; Over 3 acres with excess portion of the lot primed for development
    We can help!
    Listing Contact
    Ryan Sypek
    Learn More
    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
    2938 W Rosamond Boulevard, Rosamond, CA 93560
    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!