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    Three-Tenant Retail Shopping Center Title is generated by Realmo AI

    44679 - 44765 Valley Central Way, Lancaster, CA 93536

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    Dominant three-tenant retail center anchored by national brands, with a vacant junior anchor suite and potential for a small pad.

    Type:Retail
    Property size:
    137,553 SF
    Price / SF:
    $103/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:26 am

    Property Features for 44679 - 44765 Valley Central Way

    General Information

    Standard status
    Active
    Size
    137,553 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Aaron Bettencourt

    Listing agent Aaron Bettencourt License #CA 01194991

    Listing office REZA Investment Group

    Listing date Jun 3, 2026

    Source Crexi

    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 REZA Investment Group

    HighLights

    • Dominant three‑tenant retail investment in Lancaster, CA, built in 1990
    • Approximately 137,553 SF of retail space with national retailers Floor & Décor (opened 9/2025), Burlington, and Michaels
    • Includes a vacant 15,445 SF junior anchor suite for value creation
    • Ability to build a freestanding pad for a small food/service use, subject to municipality and tenant approvals
    • Contiguous to a Walmart Supercenter (NAP), with approximately 3.2 million visits over the trailing 12‑month period

    Overview

    Valley Central Collection is a dominant, three-tenant community retail investment opportunity with approximately 137,553 square feet of retail space. The center includes nationally recognized anchors Floor & Décor (opened 9/2025), Burlington, and Michaels, supporting a strong tenant mix for everyday shopping needs. The offering also includes a vacant 15,445 SF junior anchor suite, providing near-term repositioning or leasing flexibility. In addition, the property site has the ability to build a freestanding pad for a small food or service use, subject to requisite municipal and tenant approvals.

    Located in the established Antelope Valley community of Lancaster, California, Valley Central Collection is positioned contiguous to a Walmart Supercenter (NAP) that anchors the broader Valley Central retail node and generates significant daily consumer traffic. The remarks also cite high-traffic activity from the surrounding retail environment, including other anchor tenants within the broader non-inclusive Valley Central Shopping Center such as Food 4 Less, Marshalls, Ulta Beauty, Five Below, Dollar Tree, PetSmart, Planet Fitness, Staples, and Chuck E. Cheese.

    For buyers and investors, this center offers exposure to a concentrated national anchor lineup along with an identified vacancy for value-creation planning. For retailers and operators, the property’s existing anchor-driven traffic profile and the possibility of additional small-format food or service development can support businesses seeking a community-serving location in the Antelope Valley.
    Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Courier Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Valley Central — 44400 Vly Central Wy, Lancaster, CA 93536
    • De Hores Center Plaza — 44060 20th St W, Lancaster, CA 93536, United States
    • 102 — 44950 Vly Central Wy, Lancaster, CA 93536
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Food 4 Less, 44455 Vly Central Wy, Lancaster, CA 93536
    • Lancaster Marketplace — 44960 Vly Central Wy, Lancaster, CA 93536

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.173293
    Latitude
    34.695676

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    FAQs

    What type of property is this?
    Shopping center - Dominant three-tenant retail center anchored by national brands, with a vacant junior anchor suite and potential for a small pad.
    Where is this shopping center located?
    The property is located at 44679 - 44765 Valley Central Way Lancaster, CA.
    What is the asking price?
    The asking price for this property is $14,255,000.
    What are key features of this property?
    This property features: Dominant three‑tenant retail investment in Lancaster, CA, built in 1990; Approximately 137,553 SF of retail space with national retailers Floor & Décor (opened 9/2025), Burlington, and Michaels; Includes a vacant 15,445 SF junior anchor suite for value creation
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aaron Bettencourt
    Real Estate License ID: CA 01194991
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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