Office Building with Conference
New
For Sale
$550,000
44823 Date Avenue, Lancaster, CA 93534
Commercial Sale, Lancaster, CA
Property Size2,774 SF
Lot Size0.20 Acres
Price / SF$198.27
Days on Market2
Property Features for 44823 Date Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Specific Plan | Neighborh
Directions
From Lancaster Blvd., head South on Date Avenue for approx. 410 feet and property will be to the right.
Subdivision
03 - Lancaster West
Standard status
Active
APN
3134-016-004
Size
2,774 SF
Lot size
0.20 Acres
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Amenities
conference or training room
kitchen/break area
Building Details
Year built
1982
Floors in Building
1
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Coldwell Banker Commercial/Valley Realty
(661) 948-2644
Listed By:
John Fidyk · License #02033532
(661) 202-6734
Added: Sep 29
Last Checked: Sep 30 at 3:06AM
MLS# 26007510
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,774-square-foot office building, constructed in 1982, includes a welcoming lobby, seven private offices, and a conference or training room of approximately 500 square feet. A kitchen and break area, two multi-stall restrooms, and three rear access doors round out the layout. The building has frame construction, central air, an asphalt roof, and natural gas availability. The site measures approximately 8,850 square feet, or 0.2 acres.
Parking totals 16 spaces: 10 client spaces at the front and six employee spaces at the rear. The property is south of The BLVD in downtown Lancaster and falls within the Downtown Lancaster Specific Plan’s Neighborhood Office District zoning. The stated zoning supports consideration of professional and medical uses.
Parking totals 16 spaces: 10 client spaces at the front and six employee spaces at the rear. The property is south of The BLVD in downtown Lancaster and falls within the Downtown Lancaster Specific Plan’s Neighborhood Office District zoning. The stated zoning supports consideration of professional and medical uses.
Key Highlights
- 2,774‑square‑foot office building on an approximately 8,850‑square‑foot lot
- Seven private offices and a conference or training room of approximately 500 square feet
- 16 parking spaces: 10 client spaces in front and six employee spaces behind the building
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
$44,215
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
8.04%
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%
$884,300
$884.3K
Cap Rate 7%
$631,643
$631.6K
Cap Rate 9%
$491,278
$491.3K
Market Conditions
NOI Build-Up for 2,774 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
$73.2K $26.40/SF
− Vacancy
−$14.3K −$5.15/SF
EGI
$59.0K $21.25/SF
− OpEx
−$14.7K −$5.31/SF
NOI
$44.2K $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%
$884,300
Cap Rate 7%
$631,643
Cap Rate 9%
$491,278
Alternative Uses
Best Use
Office B
$631.6K
$552.7K – $736.9K
NOI $44,215 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$871.3K
$762.4K – $1.02M
NOI $60,994 @ 7.0% cap · market cap 11.09%
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
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
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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?
Office building - Seven private offices and dedicated meeting space accommodate professional or medical operations.
Where is this office building located?
The property is located at 44823 Date Avenue Lancaster, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,774‑square‑foot office building on an approximately 8,850‑square‑foot lot; Seven private offices and a conference or training room of approximately 500 square feet; 16 parking spaces: 10 client spaces in front and six employee spaces behind the building
