Three-Unit Storefront
For Sale
$449,000
8749 California City Boulevard, California City, CA 93505
COMMERCIAL - California City, CA
Property Size3,306 SF
Lot Size0.23 Acres
Price / SF$135.81
Days on Market117
Property Features for 8749 California City Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4
Directions
From 14 Fwy head east on California City Blvd, the property is located on the left hand side, between Lupine Loop Dr and 89th St.
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
213-034-05
Size
3,306 SF
Lot size
0.23 Acres
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1992
Floors in Building
1
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
RE/MAX Clearview
(760) 373-8282
Listed By:
Serina Rodarte · License #02226314
(661) 770-7011
Added: Apr 29
Changed: Aug 4
Last Checked: Aug 23 at 1:06AM
MLS# 26003449
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 storefront property contains 3 rented units within a 3,306-square-foot commercial building on a 0.23-acre lot. Built in 1992, the structure features stucco construction, an asphalt roof, central air conditioning, and central electric heating. Natural gas is available, and the property is connected to public sewer.
Positioned on California City Boulevard in California City, the property includes on-site parking and C4 zoning. The zoning supports a range of commercial applications, including retail, personal services, medical offices, food-related businesses, fitness uses, and boutique concepts. All three units are currently leased, providing an established multi-occupant storefront configuration.
Positioned on California City Boulevard in California City, the property includes on-site parking and C4 zoning. The zoning supports a range of commercial applications, including retail, personal services, medical offices, food-related businesses, fitness uses, and boutique concepts. All three units are currently leased, providing an established multi-occupant storefront configuration.
Key Highlights
- 3 rented units in a fully occupied storefront property
- 3,306 square feet on a 0.23‑acre lot
- C4 zoning supports varied commercial uses
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
$32,665
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
7.28%
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%
$653,300
$653.3K
Cap Rate 7%
$466,643
$466.6K
Cap Rate 9%
$362,944
$362.9K
Market Conditions
NOI Build-Up for 3,306 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
$49.6K $15.00/SF
− Vacancy
−$2.9K −$0.89/SF
EGI
$46.7K $14.11/SF
− OpEx
−$14.0K −$4.23/SF
NOI
$32.7K $9.88/SF
Area
Kern County, CA
Vacancy
5.90%
Lease Rate
$15.00 /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%
$653,300
Cap Rate 7%
$466,643
Cap Rate 9%
$362,944
Alternative Uses
Best Use
Retail
$466.6K
$408.3K – $544.4K
NOI $32,665 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$706.3K
$618.0K – $824.0K
NOI $49,438 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Electronics 15%
Fastrip
Shops & Services
11,539 visits/mo
0.2 miles
Metro by T-Mobile
Electronics
2,105 visits/mo
0.2 miles
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 Retail 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?
Storefront property - Fully leased C4-zoned retail building with customer parking and flexible commercial unit configuration.
Where is this storefront property located?
The property is located at 8749 California City Boulevard California City, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3 rented units in a fully occupied storefront property; 3,306 square feet on a 0.23‑acre lot; C4 zoning supports varied commercial uses
