Mixed-Use Property with Live-Work
New
For Sale
$340,000
44665 Trevor Ave, Lancaster, CA 93534
Existing improvements include open space, a bedroom, bathroom, and front parking.
Property Size1,525 SF
Lot Size0.09 Acres
Price / SF$222.95
Days on Market5
Property Features for 44665 Trevor Ave
General Information
Standard status
Active
Size
1,525 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Building Size
1,525 SF
Year Built
1959
Units
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Miguel Valeriano Martine · License #02098128
(714) 392-3525
Source:
Elliman
Added: Sep 18
Last Checked: Sep 21 at 9:27AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1959, this mixed-use property contains approximately 1,525 square feet of improvements on an approximately 3,759-square-foot lot. The layout includes two building areas, open interior space, a bedroom, a bathroom, front parking, and designated accessible parking. The configuration supports a live/work arrangement with a commercial-facing area and additional rear space for workspace, storage, private quarters, or residential use.
The property is located at 44665 Trevor Ave in Lancaster, with Downtown Lancaster and The BLVD described as a short distance away. Walk Score is 71, rated Very Walkable, while Bike Score is 53, rated Bikeable. The existing arrangement provides a combination of commercial and residential-oriented areas within one property.
The property is located at 44665 Trevor Ave in Lancaster, with Downtown Lancaster and The BLVD described as a short distance away. Walk Score is 71, rated Very Walkable, while Bike Score is 53, rated Bikeable. The existing arrangement provides a combination of commercial and residential-oriented areas within one property.
Key Highlights
- Approximately 1,525 SF of existing improvements
- Approximately 3,759‑square‑foot lot
- Two building areas with open interior space
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
$24,465
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
7.20%
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%
$489,300
$489.3K
Cap Rate 7%
$349,500
$349.5K
Cap Rate 9%
$271,833
$271.8K
Market Conditions
NOI Build-Up for 1,525 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
$42.1K $27.60/SF
− Vacancy
−$2.9K −$1.93/SF
EGI
$39.1K $25.67/SF
− OpEx
−$14.7K −$9.63/SF
NOI
$24.5K $16.04/SF
Area
Lancaster, CA
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
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%
$489,300
Cap Rate 7%
$349,500
Cap Rate 9%
$271,833
Alternative Uses
Best Use
Mixed Use
$349.5K
$305.8K – $407.8K
NOI $24,465 @ 7.0% cap · market cap 7.20%
Second Best
Office B
$347.2K
$303.8K – $405.1K
NOI $24,307 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$479.0K
$419.1K – $558.9K
NOI $33,531 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,420
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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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements include open space, a bedroom, bathroom, and front parking.
Where is this mixed-use property located?
The property is located at 44665 Trevor Ave Lancaster, CA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Approximately 1,525 SF of existing improvements; Approximately 3,759‑square‑foot lot; Two building areas with open interior space
