Former School/Motel on Sierra
44049-73 Sierra Hwy Lancaster, CA 93534
44049-73 Sierra Hwy, Lancaster, CA, 93534
$14,000,000
For Sale
$14,000,000
Former school and motel property available for sale.
Property Size87,598 SF
Price / SF$159.82
Days on Market111
Property Features for 44049-73 Sierra Hwy
General Information
- Standard status
- Active
- Size
- 87,598 SF
- Property subtype
- Other
Building Details
- Year Built
- 1955
Properties For Sale
at 44049-73 Sierra Hwy Contact us
Listing agency
DAUM Commercial Real Estate Services City of Industrial
(818) 449-1627
Listed by
Dennis Marciniak · License #CA 00888799
(818) 449-1627
Source
Daumcommercial
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:08AM
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 DAUM Commercial Real Estate Services City of Industrial
Investment Insights
Based on property information with market context.
This property, formerly operated as both a single-tenant school/university and a motel, is available for sale. The property includes multiple buildings and is located on Sierra Highway.
Key Highlights
- Former single tenant school/university property.
- Formerly operated as a motel.
- Multiple buildings on the property.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.89M | $21.60 |
| − Vacancy | −$227.1k | −$2.59 |
| EGI | $1.67M | $19.01 |
| − OpEx | −$874.2k | −$9.98 |
| NOI | $790.9k | $9.03 |
87,598 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$11.30M
$9.89M – $13.18M
NOI $790,905 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.52M
$24.08M – $32.10M
NOI $1,926,091 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Schools
Similar For Sale Nearby
FAQs
What type of property is this?
School - Former school and motel property available for sale.
Where is this school located?
The property is located at 44049-73 Sierra Hwy Lancaster, CA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Former single tenant school/university property.; Formerly operated as a motel.; Multiple buildings on the property.
