Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    407 Lancaster Blvd Lancaster, CA 93534-2539
    Back to Search
    Property profile & analytics

    407 Lancaster Blvd, Lancaster, CA 93534-2539

    View on Map
    • Retail properties & Spaces
    • 2,520 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Jul 10, 2023
    $200,000
    Property ID
    US10-0314278
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lancaster Bail Bonds® / Law Firm
    • Absolute Bail Bonds Lancaster, CA / Law Firm

    Property Details for 407 Lancaster Blvd

    Year built
    1946
    Lot size
    0.21 lot acres
    Zone code
    LRC3*
    Property type
    Retail properties & Spaces
    APN
    3138-011-002
    APU
    3138011002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 10, 2023 — Michael L Bench Absolute Bonding Corporation Quit Claim Deed · related —
    Nov 6, 2018 — Absolute Bonding Park Trust Quit Claim Deed —
    Nov 19, 2002 — Chris M Taylor Taylor,c M Quit Claim Deed · related —
    Sep 2, 1999 — Taylor C E Trustee Taylor C E Trustee, Quit Claim Deed · related —
    Nov 3, 1998 $200,000 Park Trust Silver State Propects INC Grant Deed —
    Aug 15, 1996 $200,000 Silver State Prospects INC Keefe Partnership Grant Deed —
    Jun 24, 1992 — Tia Et Al Hollingsworth — Deed Of Trust · related —
    — — Park Trust — Deed Of Trust · related $250k · Taylor Trust
    — — Silver State Prospects — Deed Of Trust · related $200k · Ranger Insurance Co
    — — Park Trust — Deed Of Trust · related $150k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.136
    Latitude
    34.699
    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
    $6,944
    $162,000
    $283,000
    $445,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1111 Avenue I

      Individual retail properties
      1111 Avenue I, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      0.13 Acres

      Lancaster, CA 93534

      DEPARTMENT STORE
      Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      1,600 SF

      45044 Yucca Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      45044 Yucca Ave, Lancaster, CA 93534-2526
      View Details
    • Value Estimation by Request
      78,371 SF

      43981 15Th St

      Retail properties & Spaces
      43981 15Th St, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      2,850 SF

      206 Oldfield St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      206 Oldfield St, Lancaster, CA 93534-3630
      View Details
    • Value Estimation by Request

      1220 Avenue K

      Individual retail properties
      1220 Avenue K, Lancaster, CA 93534
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,288 SF

      High-Visibility Commercial Property For Sale

      Commercial property with high visibility, supplemental income, and versatile vacant space.
      44143 20Th St W, Lancaster, CA 93534
      View Details
    • Contact for pricing
      6,885 SF

      Lancaster Industrial Yard Investment Opportunity

      Multi-tenant industrial yard with income, upside potential, and owner-user flexibility.
      307 Avenue I W, Lancaster, CA 93534
      View Details
    • $860,000

      Commercial Building on Lancaster Blvd

      Large commercial building in revitalized area with high visibility.
      656 W Lancaster Rd, Lancaster, CA 93534
      View Details
    • $55,556
      300 SF

      Turnkey Laundry Business Opportunity

      Fully equipped wash-and-fold laundry business ready for immediate operation.
      340 Avenue I W, Lancaster, CA 93534
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Retail/Office/Medical/Spa Space

      Former spa space suitable for retail, office, medical, or spa.
      43973 15Th St W, Lancaster, CA 93534
      View Details
    • $3,400 /Mo
      2,080 SF

      Lancaster Commercial Space For Lease

      Prime commercial space for lease in Downtown Lancaster.
      516 W Lancaster Blvd, Lancaster, CA 93534
      View Details
    • Contact for pricing
      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
    • $1.00 SF/Yr
      7,017 SF

      Lancaster Retail/Office Space Available

      Move-in ready retail/office space in high-traffic area.
      903 Avenue J W, Lancaster, CA 93534
      View Details
    • $1,470 /Mo
      575 SF

      Retail Space in Depot Plaza

      Move-in ready retail space in a high-visibility location.
      44140 W 20Th St, Lancaster, CA 93534
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 4,997 square feet.
      1106 Avenue K W, 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.
    407 Lancaster Blvd
    Lancaster, CA 93534-2539
    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

    Thank You for Inquiry
    407 Lancaster Blvd, Lancaster, CA, 93534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!