Former School/Motel on Sierra
For Sale
$14,000,000
44049-73 Sierra Hwy, Lancaster, CA 93534
Former school and motel property available for sale.
Property Size87,598 SF
Price / SF$159.82
Days on Market203
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
Available Space
Not For Lease
Size
87,598 SF
-Former Single Tenant School / University -Formerly Operated as a Motel -Multiple Buildings to Include: Administrative offices Classrooms Student housing Meeting rooms Commercial kitchens Restaurant Large ballroom
Contact us
Listing Agency:
Woodland Hills
Listed By:
Dennis Marciniak · License #CA #00888799
(818) 449-1627
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:02PM
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 Woodland Hills
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$790,905
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,818,100
$15.8M
Cap Rate 7%
$11,298,643
$11.3M
Cap Rate 9%
$8,787,833
$8.8M
Market Conditions
NOI Build-Up for 87,598 SF
Gross rent
$1.89M $21.60/SF
− Vacancy
−$227.1K −$2.59/SF
EGI
$1.67M $19.01/SF
− OpEx
−$874.2K −$9.98/SF
NOI
$790.9K $9.03/SF
Area
Lancaster, CA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,818,100
Cap Rate 7%
$11,298,643
Cap Rate 9%
$8,787,833
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
587
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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.
