Equipped Wash-and-Fold Retail
For Sale
$55,556
340 W Avenue I, Lancaster, CA 93534
Business Opportunity, Lancaster, CA
Property Size300 SF
Lot Size0.30 Acres
Price / SF$185.19
Days on Market150
Property Features for 340 W Avenue I
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LRM1
Directions
travel east down ave i from 14 freeway
Subdivision
03 - Lancaster West
Standard status
Active
APN
3138-004-024
Size
300 SF
Lot size
0.30 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1951
Building materials
Wood Siding, Shingle Siding
Listing Agency:
Frontline Property Management
(661) 723-3013
Listed By:
Nestor Gonzalez · License #02025829
(661) 917-3934
Added: Apr 20
Changed: Sep 4
Last Checked: Sep 16 at 5:06AM
MLS# 26003156
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.
This retail property includes a ready-to-operate wash-and-fold laundry business with equipment already in place. The building contains 300 square feet and was constructed in 1951, with wood and shingle siding, central heating, electric heat, and central air conditioning.
Located at 340 W Avenue I in Lancaster, California, the property occupies a 0.3-acre lot and carries LRM1 zoning. The sale combines a compact retail setting with an established laundry use and installed operating equipment.
Located at 340 W Avenue I in Lancaster, California, the property occupies a 0.3-acre lot and carries LRM1 zoning. The sale combines a compact retail setting with an established laundry use and installed operating equipment.
Key Highlights
- Ready‑to‑operate wash‑and‑fold laundry business
- 300 square feet of building area
- 0.3‑acre lot at 340 W Avenue I, Lancaster, CA 93534
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
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,286
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Existing laundry equipment supports a ready-to-operate wash-and-fold business in Lancaster.
Where is this retail space located?
The property is located at 340 W Avenue I Lancaster, CA.
What is the asking price?
The asking price for this property is $55,556.
What are key features of this property?
This property features: Ready‑to‑operate wash‑and‑fold laundry business; 300 square feet of building area; 0.3‑acre lot at 340 W Avenue I, Lancaster, CA 93534
