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    44341 Challenger Way Lancaster, CA 93535
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    Property profile & analytics

    44341 Challenger Way, Lancaster, CA 93535

    View on Map
    • Retail space
    • 4,050 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Sep 28, 2023
    $985,009
    Property ID
    US09-7872569
    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
    $1,005,000
    Show details
    Cap Rate Potential
    6.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 44341 Challenger Way

    Year built
    1975
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Zone code
    LRC3*
    Property type
    Retail space
    APN
    3140-003-012
    APU
    3140003012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 28, 2023 $985,000 Marisa A Apostol Robert S Barone Grant Deed —
    Mar 9, 2021 — Robert S Barone Robert S Barone Intrafamily Transfer · related —
    Aug 17, 2020 — Barone,aldo & Maria Fam Trust Maria A Barone Affidavit Of Death · related —
    Oct 3, 2019 — Barone,aldo & Maria Family Trust Barone,maria A Affidavit Of Death —
    Sep 17, 2013 — Barone,aldo & M Family Trust Barone A & M Family Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,010,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,035,000
      7%
      $960,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $645,000
      Current use
      COMMERCIAL (GENERAL)
      $1,250,000
      Change: +94% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,115,000
      Change: +73% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,110,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $910,000
      Change: +41% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.113
    Latitude
    34.6888
    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
    $8,290
    $44,432
    $210,702
    $255,134
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      7,194 SF

      1033 Ave J J

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      7,713 SF

      836 Ave J J

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
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      6,380 SF

      44421 20th E St

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      7,859 SF

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      RETAIL STORES (PERSONAL SERVICES)
      805 Ave K K, Lancaster, CA 93535-4733
      View Details
    • Value Estimation by Request
      5,340 SF

      332 Ave I I

      RETAIL STORES (PERSONAL SERVICES)
      332 Ave I I, Lancaster, CA 93535-1914
      View Details

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      15,251 SF

      Lancaster Retail Property For Sale

      Long-term NNN lease with over 9 years remaining.
      44430 Challenger Way, Lancaster, CA 93535
      View Details
    • $250,000
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      Established Restaurant with Liquor License

      Fully equipped restaurant with banquet room and liquor license.
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    • $60,000
      332,449.92 Acres

      7.63 Acres in Lancaster

      7.632 acres of land in Lancaster, California.
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      Lancaster Vacant Land Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1300 square feet.
      1004-1048 Avenue K E, Lancaster, CA 93535
      View Details
    • $3 SF/Yr
      1,200 SF

      Lancaster Retail Space For Lease

      High-traffic retail plaza with restaurant and retail spaces available.
      1039 Avenue J E, Lancaster, CA 93535
      View Details
    • $2.00 SF/Yr
      1,086 SF

      Lancaster Retail Space Available

      High-traffic retail plaza with immediate availability in Lancaster, CA.
      1041 Avenue J E, Lancaster, CA 93535
      View Details
    • $1.30 SF/Yr
      4,202 SF

      Retail Space in Lancaster, CA

      Retail space with ample parking near schools and national tenants.
      1004-1048 Avenue East, Lancaster, CA 93535
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Lancaster, California.
      604 Avenue K E, Lancaster, CA 93535
      View Details
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    Lancaster, CA 93535
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    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
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