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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

206 Oldfield St Lancaster, CA 93534-3630

2,850 SF 0.11 ac lot Built 1954
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6920448
Property summary
AI-generated overview

This exceptional 2,850 square foot industrial property, situated on a 0.23-acre lot in Lancaster's thriving commercial/warehouse district, presents a compelling investment opportunity for both owner-occupiers and investors seeking strong cash flow. The property currently features four individual units, offering significant flexibility. A potential buyer could maintain the existing configuration for rental income, convert the space into a single large unit to suit their specific business needs, or create two or three larger units to accommodate multiple tenants. The zoning may even permit a church conversion, subject to necessary approvals and permits. The property's location within the established commercial/warehouse district ensures convenient access to major transportation routes and a robust local business community. This versatile property offers a rare chance to acquire a substantial asset with considerable upside potential in a dynamic market. Its adaptable layout and prime location make it an ideal choice for a wide range of commercial uses. Don't miss this opportunity to secure a valuable piece of Lancaster's industrial real estate landscape. Act quickly, as this property is expected to generate significant interest.

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1954
Construction WOOD
Total area 2,850 SF
Lot 0.11 ac (4,998 SF)
Zoning code LRM1*
APN 3138-014-023
UPID US09-6920448
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mario Rivera · 1 yrs held
Mario Rivera
since 2025
Last sale
$100,000
7 recorded transactions
2025
Price N/A
2025
$535,000
2024
$440,000
2021
Price N/A
2019
Price N/A
2016
Price N/A
2000
$100,000
Zoning & alternative use
LRM1* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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