Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2840 Ave L L Lancaster, CA 93536-4006

    • Retail space
    • 15,108 SF
    • 1.91 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2020
    $4,200,042
    Value Estimations
    $4,080,000
    Show details
    Cap Rate Potential
    5.5%
    Retail space
    Location Intelligence
    Property ID
    US10-0105384
    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

    • Retail space

    Property Details for 2840 Ave L L

    Year built
    2002
    Construction
    TILT-UP CONCRETE
    Lot size
    1.91 lot acres
    Property size
    15,108 SF
    Zone code
    LRCPD*
    Property type
    Retail space
    APN
    3109-033-001
    APU
    3109033001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,590,000
      ML approach
      $5,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,175,000
      6.5%
      $3,855,000
      7%
      $3,580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,557,000
      Market price range: $1.45M - $3.56M
      AI Estimate
      $2,961,000
      Market price range: $667k - $2.96M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,045,000
      COMMERCIAL (GENERAL)
      $4,670,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,155,000
      AUTO REPAIR, GARAGE
      $4,145,000
      OFFICE BUILDING
      $3,390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.183
    Latitude
    34.6597
    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
    2024
    $53,462
    $1,247,980
    $2,674,244
    $3,922,224
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,475 SF

      41958 50th W St

      RETAIL STORES (PERSONAL SERVICES) • 6,475 SF
      41958 50th W St, Quartz Hill, CA 93536-2900
      View Details
    • Value Estimation by Request
      3,200 SF

      4540 Ave L L

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      4540 Ave L L, Lancaster, CA 93536-4329
      View Details
    • Value Estimation
      $745,000
      3,257 SF

      2062 Ave K K

      RETAIL STORES (PERSONAL SERVICES) • 3,257 SF
      2062 Ave K K, Lancaster, CA 93536-5216
      View Details
    • Value Estimation
      $985,000
      6,800 SF

      48028 90th W St

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
      48028 90th W St, Lancaster, CA 93536-9366
      View Details
    • Value Estimation by Request
      6,128 SF

      42116 50th W St

      RETAIL STORES (PERSONAL SERVICES) • 6,128 SF
      42116 50th W St, Quartz Hill, CA 93536-3538
      View Details
    • Value Estimation
      $515,000
      2,250 SF

      3160 Ave L L

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      3160 Ave L L, Lancaster, CA 93536-4038
      View Details

    Similar Nearby for Sale

    • $199,000
      5,150 SF

      Lancaster Frozen Yogurt Business Opportunity

      Turnkey frozen yogurt business for sale in prime Lancaster location.
      44758 Valley Central Way, 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
    • $1,700,000
      9,242 SF

      Lancaster Retail & Warehouse Opportunity

      High-growth potential, 9,242 sqft, 1.5 acres
      5041 Columbia Way, Lancaster, CA 93536
      View Details
    • $274,900

      Pet Care Business Opportunity

      Profitable pet care business in Lancaster Marketplace with freeway access.
      44840 Valley Central Way, Lancaster, CA 93536
      View Details
    • $2,200,000

      Established Lancaster Dealership Investment Property

      Established John Deere dealership with new NNN lease and updates.
      45223 N 233 St W, Lancaster, CA 93536
      View Details
    • Contact for pricing

      Flat 2.8-Acre Lot Investment

      Prime investment opportunity in a growing area near residential development.
      102 Stw Blvd, Del Sur, CA 93536
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      4,700 SF

      Lancaster Retail End Cap Space

      Retail space available for lease in Lancaster, California.
      2801 W L Ave, Lancaster, CA 93536
      View Details
    • $2 SF/Yr
      840 SF

      Lancaster Retail Space Available

      Move-in ready retail space in Lancaster, California.
      2789 W L Ave, Lancaster, CA 93536
      View Details
    • Contact for pricing
      4,200 SF

      Antelope Valley Plaza Retail Space

      Prime Retail Space, Los Angeles County. Multiple units available.
      2002 Avenue J, Lancaster, CA 93536
      View Details
    • $2 SF/Yr
      1,213 SF

      Lancaster Restaurant/Retail Space Available

      Restaurant or retail space for lease in Lancaster, California.
      2847 W L Ave, Lancaster, CA 93536
      View Details
    • Contact for pricing
      37,000 SF

      College Plaza Retail Center

      Prime Antelope Valley Retail Space
      0 30Th St, 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
    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.
    2840 Ave L L
    Lancaster, CA 93536-4006
    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!