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1243 W Avenue I 6,400 SF 100% Leased Retail Building Lancaster, CA 93534 $1,280,000 ($200/SF) 5.45% Cap Rate
Investment Highlights
- Downtown area with most traffic and pedestrians
Executive Summary
Freestanding building with 6 units.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,400 SF
Building Class
C
Year Built
1966
Price
$1,280,000
Price Per SF
$200
Cap Rate
5.45%
NOI
$69,760
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.35 AC
Zoning
LRC3 - Commercial
Frontage
100’ on Avenue I
Amenities
- 24 Hour Access
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 3120-030-022 | Improvements Assessment | $489,600 |
| Land Assessment | $193,800 | Total Assessment | $683,400 |
Property Taxes
Parcel Number
3120-030-022
Land Assessment
$193,800
Improvements Assessment
$489,600
Total Assessment
$683,400
1 of 3
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1243 W Avenue I
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