Retail Space in Community Shopping
701 W Avenue K, Lancaster, CA 93534
For Sale
Contact for pricing
Flexible retail suites with ample on-site parking in a well-maintained Lancaster shopping center near education uses.
Property Size40,000 SF
Days on Market140
Property Features for 701 W Avenue K
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 701 W Avenue K
105
Size
1,500 SF
Type
Neighborhood Center
Term
Negotiable
Listed By:
Dave O'Connell · License CA #01398651
(818) 917-3020
Source:
Cbm1
Added: Jun 25
Changed: Nov 4
Last Checked: Nov 10 at 6:27AM
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 Dave O'Connell
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Investment Insights
Based on property information with market context.
Available for lease are approximately 960 to 1,770 square feet of retail space within a well-maintained community shopping center. The opportunity is positioned for a range of day-to-day service and retail concepts, including educational and vocational training uses, as well as daycare users, depending on tenant requirements. The center is supported by prominent monument signage and a tenant mix that includes WIC, Boost Mobile, and High Desert Medical College.
The property is located on busy Avenue K in Lancaster and benefits from high street visibility. The shopping center provides ample parking in a large on-site lot, helping support customer access and daily operations. The center also joins High Desert College, which is noted as having more than 230 enrolled students.
For tenants seeking a storefront-ready space in a shopping center environment with established nearby education demand, this suite range offers a practical footprint for training, education-adjacent services, daycare, or other retail uses that fit within the center’s existing tenant mix. Monument signage and parking capacity are designed to support visibility and convenient customer access.
The property is located on busy Avenue K in Lancaster and benefits from high street visibility. The shopping center provides ample parking in a large on-site lot, helping support customer access and daily operations. The center also joins High Desert College, which is noted as having more than 230 enrolled students.
For tenants seeking a storefront-ready space in a shopping center environment with established nearby education demand, this suite range offers a practical footprint for training, education-adjacent services, daycare, or other retail uses that fit within the center’s existing tenant mix. Monument signage and parking capacity are designed to support visibility and convenient customer access.
Key Highlights
- Approx. 960 to 1,770 SF available for lease in a community shopping center
- Located on busy Avenue K in Lancaster
- Join High Desert Medical College and its more than 230 enrolled students
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,349
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,980
$587.0K
Cap Rate 7%
$419,271
$419.3K
Cap Rate 9%
$326,100
$326.1K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$44.6K $25.20/SF
− Vacancy
−$2.7K −$1.51/SF
EGI
$41.9K $23.69/SF
− OpEx
−$12.6K −$7.11/SF
NOI
$29.3K $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%
$586,980
Cap Rate 7%
$419,271
Cap Rate 9%
$326,100
Alternative Uses
Best Use
Retail
$419.3K
$366.9K – $489.2K
NOI $29,349 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.0K
$486.5K – $648.6K
NOI $38,918 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
749
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Los Angeles County
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Flexible retail suites with ample on-site parking in a well-maintained Lancaster shopping center near education uses.
Where is this shopping center located?
The property is located at 701 W Avenue K Lancaster, CA.
What are key features of this property?
This property features: Approx. 960 to 1,770 SF available for lease in a community shopping center; Located on busy Avenue K in Lancaster; Join High Desert Medical College and its more than 230 enrolled students
