Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    48043 90Th St Lancaster, CA 93536

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    48043 90Th St Lancaster, CA 93536

    View on Map
    • Retail properties & Spaces
    • 10,640 SF
    • 2.38 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar General / Grocery & Convenience Store

    Property Details for 48043 90Th St

    Year built
    2023
    Lot size
    2.38 lot acres
    Property size
    10,640 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a brand-new, single-story Dollar General retail building in Lancaster, California. The 10,640-square-foot property sits on a 2.38-acre lot and boasts 43 on-site parking spaces. Leased to Dollar General under a 15-year absolute NNN lease commencing April 1, 2024, this property offers exceptional stability and predictable cash flow. The lease includes three 5-year renewal options with a 10% rent increase at the beginning of each option. The current annual rent is $164,736, resulting in a 6.50% cap rate. The property benefits from a corporate guarantee, ensuring tenant reliability. Located in Los Angeles County, this site enjoys a high average household income of $136,497 within a 3-mile radius and a population of 134,759 within 10 miles, indicating strong market demand. Built in 2023, this Class A property is 100% occupied and represents a secure, long-term investment with significant upside potential. The property is conveniently located approximately 66 miles from Hollywood Burbank Airport (BUR) and 90 miles from Ontario International Airport (ONT). This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a nationally recognized tenant in a thriving market. The property's strong fundamentals, coupled with the long-term lease and built-in rent increases, make it an ideal addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.291
    Latitude
    34.7555

    Comparable in this City

    • Value Estimation
      $8,325,000
      43,255 SF

      2845 Ave L L

      GROCERY, SUPERMARKET • 43,255 SF
      2845 Ave L L, Lancaster, CA 93536-4022
      View Details
    • Value Estimation by Request
      8,614 SF

      777 Undisclosed Qyartz Hl

      Individual retail properties • 8,614 SF
      777 Undisclosed Qyartz Hl, Quartz Hill, CA 93536
      View Details
    • Value Estimation by Request
      8,119 SF

      2062 Avenue J

      Lifestyle centers • 8,119 SF
      2062 Avenue J, Lancaster, CA 93536
      View Details
    • Value Estimation by Request
      47,730 SF

      2058 Avenue J

      Day care centers • 47,730 SF
      2058 Avenue J, Lancaster, CA 93536
      View Details
    • Value Estimation by Request
      25,500 SF

      2006 Avenue J

      Lifestyle centers • 25,500 SF
      2006 Avenue J, Lancaster, CA 93536
      View Details
    • Value Estimation by Request
      37,000 SF

      30Th St

      Retail properties & Spaces • 37,000 SF
      0 30Th St, Lancaster, CA 93536
      View Details

    Similar Nearby for Sale

    • $950,000
      3,405 SF

      Established Restaurant on Large Lot

      Restaurant with business assets on 6.9 acres near highway.
      46645 W 60Th St, Lancaster, CA 93536
      View Details
    • $625,000
      1,150 SF

      Lancaster Automotive Repair Shop Opportunity

      Automotive repair shop with freestanding building on a large lot.
      4870 Columbia Way, Lancaster, CA 93536
      View Details
    • $45,000
      58,370.00 Acres

      Rosamond Land/Lot Opportunity

      1.34 acre lot in Rosamond, build your dream home!
      2100 100Th St W, Rosamond, CA 93536
      View Details
    • $225,000
      1,735,672.00 Acres

      Large Land Parcel in Lancaster

      Vast 39.834-acre land parcel available in Lancaster, California.
      190 Avenue W, Lancaster, CA 93536
      View Details
    • $5,250,000
      823,007.00 Acres

      Lancaster Development Land For Sale

      Development land zoned for mixed-use residential, potential for 200+ units.
      30 Avenue H, Lancaster, CA 93536
      View Details

    Similar Nearby for Lease

    • $2,950 /Mo
      963 SF

      Lancaster Retail Suite For Rent

      Move-in ready retail suite in Golden West Center.
      42815 W 30Th St, Lancaster, CA 93536
      View Details
    • Contact for pricing
      926,860 SF

      Lancaster Industrial Distribution Building

      Freestanding industrial building with cross-dock loading and secured yard.
      2801 Avenue H W, Lancaster, CA 93536
      View Details
    • $87,000
      105,212 SF

      Former School Campus For Lease

      19-acre former school campus ideal for education, childcare, or rehabilitation.
      3700 Avenue L W, Lancaster, CA 93536
      View Details
    • Contact for pricing
      647,757 SF

      Lancaster Distribution Warehouse with Dock

      Large warehouse with 74 dock doors and spec office.
      46950 N 45Th St W, Lancaster, CA 93536
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      4.62 acre retail development opportunity near Antelope Valley College.
      30Th St West, Lancaster, CA 93536
      View Details
    • Contact for pricing
      395,390 SF

      Lancaster Warehouse with High Clearance

      Large warehouse with high ceilings and ample loading docks.
      W 35Th St W, Lancaster, CA 93536
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    48043 90Th St
    Lancaster, CA 93536
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!