Lancaster Blvd Retail
For Sale
Contact for pricing
616 W Lancaster Blvd, Lancaster, CA 93534
Multi-tenant retail property in downtown Lancaster with income potential.
Property Size4,400 SF
Price / SF$204.55
Days on Market144
Property Features for 616 W Lancaster Blvd
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Retail
Zoning
LRC3*
Building Details
Year Built
1963
Listing Agency:
Coldwell Banker Commercial Valley Realty
(661) 233-2465
Listed By:
Jonathan Mendez · License #CA
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 Coldwell Banker Commercial Valley Realty
Investment Insights
Based on property information with market context.
Located on Lancaster Blvd near Date Ave in Downtown Lancaster, also known as "The Blvd," this multi-tenant retail property offers an opportunity to occupy one unit while leasing the remaining spaces for income. Situated in the heart of downtown Lancaster, "The Blvd" is a destination for shopping, dining, and entertainment. The retail property features eyebrow signage and frontage along Lancaster Boulevard, providing exposure and pedestrian traffic. Each unit includes glass storefronts and rear parking. The property size is 4,400 square feet.
Key Highlights
- Prime location on Lancaster Blvd (The Blvd) in Downtown Lancaster, a leading destination for shopping, dining, and entertainment.
- Multi‑tenant retail property offering the opportunity to occupy one unit and lease the remaining units for income.
- High‑visibility retail property with prominent eyebrow signage and premium frontage on Lancaster Boulevard.
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
$72,959
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
8.11%
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%
$1,459,180
$1.5M
Cap Rate 7%
$1,042,271
$1.0M
Cap Rate 9%
$810,656
$810.7K
Market Conditions
NOI Build-Up for 4,400 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
$110.9K $25.20/SF
− Vacancy
−$6.7K −$1.51/SF
EGI
$104.2K $23.69/SF
− OpEx
−$31.3K −$7.11/SF
NOI
$73.0K $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%
$1,459,180
Cap Rate 7%
$1,042,271
Cap Rate 9%
$810,656
Alternative Uses
Best Use
Retail
$1.04M
$912.0K – $1.22M
NOI $72,959 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,746 @ 7.0% cap · market cap 10.75%
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail property in downtown Lancaster with income potential.
Where is this retail space located?
The property is located at 616 W Lancaster Blvd Lancaster, CA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Prime location on Lancaster Blvd (The Blvd) in Downtown Lancaster, a leading destination for shopping, dining, and entertainment.; Multi‑tenant retail property offering the opportunity to occupy one unit and lease the remaining units for income.; High‑visibility retail property with prominent eyebrow signage and premium frontage on Lancaster Boulevard.
