Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1333 Ave K K Lancaster, CA 93534-5923

    • Parking lots & garages
    • 40,000 SF
    • 1.07 lot acres
    OFF-MARKET
    Last Sale
    Nov 30, 2023
    Value Estimations
    $1,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1229428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1333 Ave K K

    Year built
    1980
    Lot size
    1.07 lot acres
    Property size
    40,000 SF
    Zone code
    LRCPD*
    Property type
    Parking lots & garages
    APN
    3123-009-038
    APU
    3123009038

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,235,000
      Market price range: $893k - $3.47M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.606
    Latitude
    34.236
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,395
    $315,236
    $0.00
    $315,236
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,700 SF

      310 Nicobar St

      PARKING LOT • 3,700 SF
      310 Nicobar St, Lancaster, CA 93534-3632
      View Details
    • Value Estimation by Request
      9,600 SF

      Beech Ave Vic Ave

      PARKING LOT • 9,600 SF
      Beech Ave Vic Ave, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      5,015 SF

      Vic Lanc Blvd Date Ave

      PARKING LOT • 5,015 SF
      Vic Lanc Blvd Date Ave, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      0.13 Acres

      43912 20th W St

      PARKING LOT • 0.13 Acres
      43912 20th W St, Lancaster, CA 93534-5221
      View Details
    • Value Estimation
      $3,410,000
      22,500 SF

      1650 Ave K K

      PARKING LOT • 22,500 SF
      1650 Ave K K, Lancaster, CA 93534-5930
      View Details
    • Value Estimation
      $670,000
      43,995 SF

      Lancaster, CA 93534

      PARKING LOT • 43,995 SF
      Lancaster, CA 93534
      View Details

    Similar Nearby for Sale

    • $2,500,000
      12,270 SF

      Lancaster Industrial Buildings For Sale

      Two freestanding industrial buildings suitable for warehouse, auto, and retail uses.
      45231 Trevor Ave, Lancaster, CA 93534
      View Details
    • $950,000
      2,250 SF

      Lancaster Auto Shop - Prime Location

      Established Auto Shop, 2,250 SF, High Demand Area
      325 Pondera St, Lancaster, CA 93534
      View Details
    • $2,500,000
      12,270 SF

      Lancaster Commercial Buildings For Sale

      Two freestanding buildings in Lancaster, ideal for industrial or retail.
      45231 Trevor Ave, Lancaster, CA 93534
      View Details
    • $2,500,000

      Two Freestanding Industrial Buildings

      Two industrial buildings with auto shop, motorcycle shop, and hardwood store.
      45231 Trevor Ave, Lancaster, CA 93534
      View Details
    • $498,000

      Downtown Lancaster Retail Opportunity

      Retail building near train station, schools, civic buildings, and amenities.
      408 W Lancaster Blvd, Lancaster, CA 93534
      View Details
    • $860,000
      6,565 SF

      Lancaster Commercial Building For Sale

      Commercial building on revitalized Lancaster Blvd, suitable for retail/office.
      656 W Lancaster Rd, Lancaster, CA 93534
      View Details

    Similar Nearby for Lease

    • $1.45 SF/Yr
      2,050 SF

      Lancaster Retail Space For Rent

      2,050 SF retail/office space in Sunrise Plaza, Lancaster, CA.
      903 Avenue J W, Lancaster, CA 93534
      View Details
    • Contact for pricing
      13,436 SF

      Lancaster Retail Sublease Opportunity

      Retail sublease in Lancaster with high visibility and traffic.
      1147 Avenue I W, Lancaster, CA 93534
      View Details
    • $1.00 SF/Yr
      6,400 SF

      Former Physical Therapy Retail Space

      Large 6,400 SF retail space available for lease.
      412 Avenue J W, Lancaster, CA 93534
      View Details
    • $27 SF/Yr
      78,371 SF

      Lancaster Retail Space - 78,371 SF

      Prime Lancaster retail opportunity. Multiple spaces available.
      43981 15Th St, Lancaster, CA 93534
      View Details
    • $24 SF/Yr
      25,200 SF

      Lancaster Showroom - 25,200 SF

      Prime Lancaster retail showroom, single tenant, 2.79 acres.
      1759 Avenue J12, Lancaster, CA 93534
      View Details
    • $15 SF/Yr
      16,415 SF

      10th Street Commerce Center, Lancaster, CA

      Lancaster Office/Retail Space Available
      44276 10Th St, Lancaster, CA 93534
      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.
    1333 Ave K K
    Lancaster, CA 93534-5923
    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.