Automotive Repair Shop
For Sale
$625,000
4870 Columbia Way, Lancaster, CA 93536
Freestanding automotive repair building with three ground-level roll-up doors on a fully fenced lot with on-site parking.
Property Size1,150 SF
Price / SF$543.48
Days on Market433
Property Features for 4870 Columbia Way
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Mixed Use
Amenities
3
Unincorporated LA County- MXD RU
Parking.
Gated Parking.
Central Business District, Downtown, Public Roads, Paved Road.
Building Details
Year Built
1959
Stories
1
Listing Agency:
Seffi Toneman, Broker
Listed By:
Seffi Toneman · License #01878066
(661) 600-1269
Source:
Xome
Added: Jun 30, 2025
Changed: Sep 1
Last Checked: Sep 5 at 5:38AM
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 Seffi Toneman, Broker
Investment Insights
Based on property information with market context.
This offering includes two parcels currently used as an automotive repair shop. The property features a freestanding building of approximately 1,150 +/- sf with three ground-level roll-up doors, office space, and ample room for mechanical repairs. The site is fully fenced.
The property provides easy access from Columbia Way and 50th St. W., with ample on-site parking and prominent street signage described in the remarks.
The configuration is well-suited for automotive service operations, with multiple roll-up doors for vehicle access and an on-site office to support day-to-day workflow.
The property provides easy access from Columbia Way and 50th St. W., with ample on-site parking and prominent street signage described in the remarks.
The configuration is well-suited for automotive service operations, with multiple roll-up doors for vehicle access and an on-site office to support day-to-day workflow.
Key Highlights
- 1,150+/- SF freestanding automotive repair building on two parcels
- Service building includes three ground‑level roll‑up doors
- Fully fenced lot with ample on‑site parking and gated parking
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
$19,069
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
3.05%
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%
$381,380
$381.4K
Cap Rate 7%
$272,414
$272.4K
Cap Rate 9%
$211,878
$211.9K
Market Conditions
NOI Build-Up for 1,150 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
$29.0K $25.20/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$27.2K $23.69/SF
− OpEx
−$8.2K −$7.11/SF
NOI
$19.1K $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 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%
$381,380
Cap Rate 7%
$272,414
Cap Rate 9%
$211,878
Alternative Uses
Best Use
Retail
$272.4K
$238.4K – $317.8K
NOI $19,069 @ 7.0% cap · market cap 3.05%
Second Best
Industrial
$200.0K
$175.0K – $233.3K
NOI $13,998 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$361.2K
$316.1K – $421.4K
NOI $25,286 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93536, CA
74,283
Population
24,407
Households
3
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
254.4 sq mi
ZIP Area
292
Density / Sq Mi
$102,927
Median Household Income
$58,484
Median Earnings
$1,946
Median Rent
$484,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Westside Body and Paint — 5054 W Ave M 2, Quartz Hill, CA 93536
- Grease Monkey — 41948 50th St W, Quartz Hill, CA 93536
- Exotic Cars Repair Inc — 42037 50th St W, Quartz Hill, CA 93536
- The Shop In Quartz Hill — 41966 50th St W, Lancaster, CA 93536
- Antelope Valley Mercedes Inc. — 42037 50th St W, Lancaster, CA 93536
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive repair building with three ground-level roll-up doors on a fully fenced lot with on-site parking.
Where is this auto shop located?
The property is located at 4870 Columbia Way Lancaster, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,150+/- SF freestanding automotive repair building on two parcels; Service building includes three ground‑level roll‑up doors; Fully fenced lot with ample on‑site parking and gated parking
