Storefront Retail
For Sale
$55,555
340 W Avenue I, Lancaster, CA 93534
For sale storefront retail space located at 340 W Avenue I in Lancaster, CA 93534.
Property Size300 SF
Days on Market124
Property Features for 340 W Avenue I
General Information
Standard status
Active
Size
300 SF
Property subtype
Business Opportunity
Zoning
LRM1
Amenities
Central Air
Building Details
Building Size
300 SF
Year Built
1951
Listing Agency:
Salvador Aguirre- Broker
(661) 917-3934
Listed By:
Nestor Gonzalez · License #02025829
(661) 917-3934
Source:
Evrealestate
Added: Apr 21
Changed: Aug 10
Last Checked: Aug 22 at 6:13AM
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 Salvador Aguirre- Broker
Investment Insights
Based on property information with market context.
This for-sale storefront retail space is located at 340 W Avenue I in Lancaster, CA 93534 (Los Angeles County).
Directions provided with the listing indicate travel east down Avenue I from the 14 freeway.
No additional building details, size, or tenant specifications were included in the provided information, so interested parties should confirm configuration and condition directly with the listing broker.
Directions provided with the listing indicate travel east down Avenue I from the 14 freeway.
No additional building details, size, or tenant specifications were included in the provided information, so interested parties should confirm configuration and condition directly with the listing broker.
Key Highlights
- For sale storefront retail space at 340 W Avenue I in Lancaster, CA 93534
- Central air conditioning
- Year built: 1951
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
$4,974
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
8.95%
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%
$99,480
$99.5K
Cap Rate 7%
$71,057
$71.1K
Cap Rate 9%
$55,267
$55.3K
Market Conditions
NOI Build-Up for 300 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
$7.6K $25.20/SF
− Vacancy
−$454 −$1.51/SF
EGI
$7.1K $23.69/SF
− OpEx
−$2.1K −$7.11/SF
NOI
$5.0K $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 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%
$99,480
Cap Rate 7%
$71,057
Cap Rate 9%
$55,267
Alternative Uses
Best Use
Retail
$71.1K
$62.2K – $82.9K
NOI $4,974 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$94.2K
$82.5K – $109.9K
NOI $6,596 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale storefront retail space located at 340 W Avenue I in Lancaster, CA 93534.
Where is this storefront property located?
The property is located at 340 W Avenue I Lancaster, CA.
What is the asking price?
The asking price for this property is $55,555.
What are key features of this property?
This property features: For sale storefront retail space at 340 W Avenue I in Lancaster, CA 93534; Central air conditioning; Year built: 1951
