Standalone Medical Office
New
For Sale
$475,000
8307 California City, California City, CA 93505
Vacant single-story building with C2 zoning and a prior dental-office configuration.
Property Size2,752 SF
Price / SF$172.60
Days on Market6
Property Features for 8307 California City
General Information
Standard status
Active
Size
2,752 SF
Property subtype
Commercial
Zoning
C2
Property Condition
Severity
Repairs Needed
Evidence
INTERIOR NEEDS RENOVATED.
Building Details
Building Size
2,752 SF
Buildings
1
Stories
1
Construction
wood frame and stucco
Listing Agency:
RE/MAX of Santa Clarita
(661) 644-6120
Listed By:
Dean Cox · License #01331788
Source:
Elliman
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 21 at 7:27AM
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 RE/MAX of Santa Clarita
Investment Insights
Based on property information with market context.
This standalone medical office property contains approximately 2,752 square feet in a single-story wood-frame and stucco building. The interior requires renovation, providing a clear opportunity to reconfigure the space for a future medical office use. The property is currently vacant and was previously occupied as a dentist office.
The land component comprises three parcels at 8307 California City Boulevard in California City, California. C2 zoning is in place. The Mojave School District also acquired the property for use as a student resource center, reflecting an additional institutional use history.
The land component comprises three parcels at 8307 California City Boulevard in California City, California. C2 zoning is in place. The Mojave School District also acquired the property for use as a student resource center, reflecting an additional institutional use history.
Key Highlights
- Approximately 2,752 square feet of building area
- C2 zoning
- Single‑story 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
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant single-story building with C2 zoning and a prior dental-office configuration.
Where is this medical office space 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 square feet of building area; C2 zoning; Single‑story wood‑frame and stucco construction
