Single-Story Office
For Sale
$475,000
8307 California City, California City, CA 93505
Single-story wood frame and stucco office building zoned C2, currently vacant and needing renovation.
Property Size2,752 SF
Price / SF$172.60
Days on Market39
Property Features for 8307 California City
General Information
Standard status
Active
Size
2,752 SF
Property subtype
Office
Zoning
C2
Amenities
Central Air
3
Tile
Corner Lot.
Corner.
Building Details
Buildings
1
Stories
1
Building Size
2,752 SF
Construction
wood frame and stucco
Listing Agency:
RE/MAX of Santa Clarita
(661) 255-2650
Listed By:
Dean Cox · License #01331788
(661) 644-6120
Source:
Xome
Added: Jul 28
Changed: Sep 4
Last Checked: Sep 4 at 3:57AM
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 RE/MAX of Santa Clarita
Investment Insights
Based on property information with market context.
Stand-alone, vacant single-story commercial office building totaling approximately 2,752 square feet. The wood frame and stucco construction provides one-story office space that is currently ready for renovation and updating. The property footprint consists of 3 parcels.
The building is zoned C2. Prior use includes a dentist office, and it was later acquired by the Mojave School District for use as a resource center.
This property is positioned for an owner-user or tenant to reimagine the interior layout and finishes to fit a new office concept, given it is currently vacant and in need of renovation.
The building is zoned C2. Prior use includes a dentist office, and it was later acquired by the Mojave School District for use as a resource center.
This property is positioned for an owner-user or tenant to reimagine the interior layout and finishes to fit a new office concept, given it is currently vacant and in need of renovation.
Key Highlights
- Approximately 2,752 SF single‑story office building
- Zoned C2
- Wood frame and stucco construction
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
$31,622
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
6.66%
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%
$632,440
$632.4K
Cap Rate 7%
$451,743
$451.7K
Cap Rate 9%
$351,356
$351.4K
Market Conditions
NOI Build-Up for 2,752 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
$47.9K $17.40/SF
− Vacancy
−$5.7K −$2.08/SF
EGI
$42.2K $15.32/SF
− OpEx
−$10.5K −$3.83/SF
NOI
$31.6K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$632,440
Cap Rate 7%
$451,743
Cap Rate 9%
$351,356
Alternative Uses
Best Use
Office B
$451.7K
$395.3K – $527.0K
NOI $31,622 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$311.5K
$272.6K – $363.5K
NOI $21,808 @ 7.0% cap · market cap 4.59%
Theoretical Best
Warehouse
$587.9K
$514.4K – $685.9K
NOI $41,153 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 93505, CA
14,880
Population
5,352
Households
2.8
Avg Household Size
35
Median Age
11%
College-Educated
79%
High-School Grad
65.0 sq mi
ZIP Area
229
Density / Sq Mi
$55,010
Median Household Income
$32,590
Median Earnings
$1,016
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story wood frame and stucco office building zoned C2, currently vacant and needing renovation.
Where is this office building located?
The property is located at 8307 California City California City, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 2,752 SF single‑story office building; Zoned C2; Wood frame and stucco construction
