Remodeled Freestanding Office
For Sale
Contact for pricing
44709 Date Ave, Lancaster, CA 93534
LRC2 zoning and a flexible interior support professional office use, executive suites, or shared workspace configurations.
Property Size2,612 SF
Lot Size0.23 Acres
Price / SF$248.47
Days on Market117
Property Features for 44709 Date Ave
General Information
Standard status
Active
Size
2,612 SF
Class
B
Total Parking Spaces
16
Lot size
0.23 Acres
Property subtype
Office, Mixed Use
Zoning
LRC2
Investment Type
Owner/User
Financials
Asking Price
$649,000
Gross Income
$12,000
Additional Details
Furnished
Yes
Building Details
Year Built
1989
Year Renovated
2024
Buildings
1
Stories
1
Units
16
Tenancy
Single
Building Size
2,612 SF
Listing Agency:
Liberty Business Advisors
Listed By:
Houmehr Mike Panoussi · License #01853627
Source:
Crexi
Added: May 7
Changed: Aug 30
Last Checked: Aug 31 at 9:07AM
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 Liberty Business Advisors
Investment Insights
Based on property information with market context.
Located at 44709 Date Ave in Lancaster, this free-standing office property contains approximately 2,612 SF on a 10,220 SF lot. The 1989 building has been fully remodeled and includes furniture, excluding the seller’s personal property. Its interior provides a reception area, waiting room, 10 private offices, two restrooms, and two offices with kitchenette areas.
The layout can accommodate a range of professional office arrangements, including executive suites, shared offices, and medical or service-oriented practices identified for the property. Approximately 16 parking spaces serve the building, while LRC2 zoning provides flexible commercial-use designation. One office is occupied by a month-to-month tenant, adding an existing income component while leaving the remainder of the property available for occupancy or reconfiguration.
The layout can accommodate a range of professional office arrangements, including executive suites, shared offices, and medical or service-oriented practices identified for the property. Approximately 16 parking spaces serve the building, while LRC2 zoning provides flexible commercial-use designation. One office is occupied by a month-to-month tenant, adding an existing income component while leaving the remainder of the property available for occupancy or reconfiguration.
Key Highlights
- Approximately 2,612 SF office building on a 10,220 SF lot
- Free‑standing structure built in 1989 and fully remodeled
- 10 private offices, reception area, large waiting room, and 2 restrooms
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
$41,633
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
6.41%
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%
$832,660
$832.7K
Cap Rate 7%
$594,757
$594.8K
Cap Rate 9%
$462,589
$462.6K
Market Conditions
NOI Build-Up for 2,612 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
$69.0K $26.40/SF
− Vacancy
−$13.4K −$5.15/SF
EGI
$55.5K $21.25/SF
− OpEx
−$13.9K −$5.31/SF
NOI
$41.6K $15.94/SF
Area
Lancaster, CA
Vacancy
19.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$832,660
Cap Rate 7%
$594,757
Cap Rate 9%
$462,589
Alternative Uses
Best Use
Office B
$594.8K
$520.4K – $693.9K
NOI $41,633 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$820.5K
$717.9K – $957.2K
NOI $57,432 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,114
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - LRC2 zoning and a flexible interior support professional office use, executive suites, or shared workspace configurations.
Where is this office building located?
The property is located at 44709 Date Ave Lancaster, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Approximately 2,612 SF office building on a 10,220 SF lot; Free‑standing structure built in 1989 and fully remodeled; 10 private offices, reception area, large waiting room, and 2 restrooms
