Lancaster Mixed-Use Income
For Sale
$675,000
44814 Date, Lancaster, CA 93534
Income-producing property near Lancaster Blvd with commercial and residential units.
Property Size3,076 SF
Lot Size0.20 Acres
Days on Market168
Property Features for 44814 Date
General Information
Standard status
Active
Size
3,076 SF
Lot size
0.20 Acres
Property subtype
Commercial
Building Details
Building Size
3,076 SF
Year Built
1940
Listing Agency:
BGA Properties
(818) 399-4235
Listed By:
Ana E Mejicanos · License #01722128
(818) 399-4235
Source:
Elliman
Added: Mar 10
Changed: Aug 23
Last Checked: Aug 23 at 3:36AM
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 BGA Properties
Investment Insights
Based on property information with market context.
Located just two blocks from Lancaster Blvd in a central area with high visibility and accessibility, this property features three office/commercial spaces and residential units. The property includes three office/commercial spaces, each currently rented; one at $1,150 per month, and another at $1,100 per month. Additionally, there is a studio unit rented at $800 per month and an apartment rented at $1,150 per month. Zoned LRC3, the property allows for flexible use with a mix of commercial and residential applications. The property is an income-producing investment with multiple rental streams. It is located steps away from Lancaster Blvd, close to restaurants, shops, entertainment, and community events.
Key Highlights
- Income‑producing property with multiple rental streams already in place.
- Prime central location just 2 blocks from Lancaster Blvd with high visibility and accessibility.
- Flexible LRC3 zoning allows for commercial and residential mix.
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
$49,347
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
7.31%
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%
$986,940
$986.9K
Cap Rate 7%
$704,957
$705.0K
Cap Rate 9%
$548,300
$548.3K
Market Conditions
NOI Build-Up for 3,076 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
$84.9K $27.60/SF
− Vacancy
−$5.9K −$1.93/SF
EGI
$79.0K $25.67/SF
− OpEx
−$29.6K −$9.63/SF
NOI
$49.3K $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%
$986,940
Cap Rate 7%
$704,957
Cap Rate 9%
$548,300
Alternative Uses
Best Use
Mixed Use
$705.0K
$616.8K – $822.5K
NOI $49,347 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$700.4K
$612.9K – $817.1K
NOI $49,028 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$966.2K
$845.4K – $1.13M
NOI $67,635 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,244
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?
Mixed-use property - Income-producing property near Lancaster Blvd with commercial and residential units.
Where is this mixed-use property located?
The property is located at 44814 Date Lancaster, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Income‑producing property with multiple rental streams already in place.; Prime central location just 2 blocks from Lancaster Blvd with high visibility and accessibility.; Flexible LRC3 zoning allows for commercial and residential mix.
