Storefront Retail
For Sale
$999,000
44844 Elm Ave, Lancaster, CA 93534
For-sale storefront retail space with bikeable and somewhat walkable location scores.
Property Size3,330 SF
Price / SF$300
Days on Market182
Property Features for 44844 Elm Ave
General Information
Standard status
Active
Size
3,330 SF
Building Details
Year Built
1955
Listing Agency:
REMAX OPTIMA
Listed By:
Manvel Khacheryan · License #02055518
(213) 314-4440
Source:
Myfabuloushome
Added: Apr 24
Changed: Oct 7
Last Checked: Oct 7 at 1:00PM
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 REMAX OPTIMA
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale storefront retail space is presented as a retail property well-suited for businesses seeking a storefront format. The asset is marketed within the commercial retail and storefront property category.
The property is located at 44844 Elm Ave in Lancaster, CA 93534. The available locality metrics include a BikeScore of 56 (bikeable) and a WalkScore of 67 (somewhat walkable), providing additional context for day-to-day customer access.
The property is located at 44844 Elm Ave in Lancaster, CA 93534. The available locality metrics include a BikeScore of 56 (bikeable) and a WalkScore of 67 (somewhat walkable), providing additional context for day-to-day customer access.
Key Highlights
- Built in 1955
- Storefront retail space with a BikeScore of 56 (bikeable)
- Storefront retail space with a WalkScore of 67 (somewhat walkable)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,217
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,340
$1.1M
Cap Rate 7%
$788,814
$788.8K
Cap Rate 9%
$613,522
$613.5K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$83.9K $25.20/SF
− Vacancy
−$5.0K −$1.51/SF
EGI
$78.9K $23.69/SF
− OpEx
−$23.7K −$7.11/SF
NOI
$55.2K $16.58/SF
Area
Lancaster, CA
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,340
Cap Rate 7%
$788,814
Cap Rate 9%
$613,522
Alternative Uses
Best Use
Retail
$788.8K
$690.2K – $920.3K
NOI $55,217 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,220 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,244
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Oasis Flowers — 2330 Loop Road, Lancaster, CA 93536
- Antelope Valley Florist — 1302 W Ave J, Lancaster, CA 93534
- Oasis Flower Shop — 566 W Lancaster Blvd, Lancaster, CA 93534
- Blooming Amor — 416 W Lumber St, Lancaster, CA 93534, United States
- M & R Flower And Gift Shop — 723 W Ave I, Lancaster, CA 93534
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront retail space with bikeable and somewhat walkable location scores.
Where is this storefront property located?
The property is located at 44844 Elm Ave Lancaster, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Built in 1955; Storefront retail space with a BikeScore of 56 (bikeable); Storefront retail space with a WalkScore of 67 (somewhat walkable)
