Freestanding Auto Shop with Three
For Sale
$625,000
4870 Columbia Way, Lancaster, CA 93536
Commercial Sale, Lancaster, CA
Property Size1,150 SF
Lot Size0.27 Acres
Price / SF$543.48
Days on Market273
Property Features for 4870 Columbia Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unincorporated LA County-
Fencing
Cross Fenced
Directions
Columbia Way (Ave. M) just east of 50th St. W. on the SEC.
Subdivision
08 - Palm Div to 110th W
Standard status
Active
APN
3101-017-006
Size
1,150 SF
Lot size
0.27 Acres
Utilities
Utilities
Natural Gas Available
Cooling system
Wall/Window Unit(s)
Amenities
office
prominent street signage
Building Details
Year built
1959
Floors in Building
1
Building materials
Frame
Listing Agency:
Seffi Toneman, Broker
Listed By:
Seffi Toneman · License #01878066
(661) 600-1269
Added: Dec 15, 2025
Changed: Sep 7
Last Checked: Sep 14 at 10:06PM
MLS# 25009306
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 freestanding automotive repair property includes a 1,150-square-foot service building on a combined 11,963-square-foot lot. The facility is configured for mechanical work with an office, three ground-level roll-up doors, wall/window unit cooling, and frame construction completed in 1959. The fully fenced site includes on-site parking and natural gas availability.
The property is located in Lancaster, California, with access from Columbia Way and 50th St. W. Prominent street signage is present, and the automotive repair use is established at the site. Zoning is identified as Unincorporated LA County-.
The property is located in Lancaster, California, with access from Columbia Way and 50th St. W. Prominent street signage is present, and the automotive repair use is established at the site. Zoning is identified as Unincorporated LA County-.
Key Highlights
- 1,150‑square‑foot freestanding automotive repair building
- Combined 11,963‑square‑foot lot
- Three ground‑level roll‑up doors with office space
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
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Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
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
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
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- 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 - Fenced automotive repair facility with office space, parking, and access from Columbia Way and 50th St. W.
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‑square‑foot freestanding automotive repair building; Combined 11,963‑square‑foot lot; Three ground‑level roll‑up doors with office space
