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    New Warehouse/Office Plaza in Lancaster Title is generated by Realmo AI

    1133 W Ave L12, Lancaster, CA 93534

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    For Lease
    $1.00 SF/Yr $473/Mo (calc)

    COMMERCIAL - Lancaster, CA

    Property size:
    5,680 SF
    Lot size:
    2.35 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    55
    Last Refresh:
    May 18 at 7:06 pm

    Property Features for 1133 W Ave L12

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    Light Industrial
    Standard status
    Active
    APN
    3109-024-062
    Size
    5,680 SF
    Lot size
    2.35 Acres

    Utilities

    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    2026
    Floors in Building
    1
    Building materials
    Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Seffi Toneman

    Listing agent Seffi Toneman License #01878066

    Listing office Seffi Toneman, Broker 620 West Ave L, Lancaster, CA

    Listing date Mar 25, 2026

    MLS# 26002453

    Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New construction warehouse plaza in West Lancaster near the 14 freeway.
    • Light industrial zoning with flexible floor plans.
    • Freestanding masonry buildings (Buildings B and C available).
    • 16' and higher ceilings.
    • Ample parking.
    • Opportunity for secure outdoor yard space (at additional cost).

    Overview

    This brand new construction warehouse plaza is located in West Lancaster, near the 14 freeway. The property features light industrial zoning and flexible floor plans. The plaza consists of 3 freestanding masonry buildings. Buildings B and C are available for lease. Building B features 5,680 square feet stand-alone warehouse with a 14' high roll up door, 16' and higher ceiling, two 200 amp and one 100 amp panels of dedicated power, plenty of parking and opportunity for secure outdoor yard space at an additional cost. The build out includes lighting, a small office and reception area, and two restrooms. Building C features 5,680 square feet stand-alone office with 16' and higher ceiling, three 200 amp panels of dedicated power, plenty of parking and opportunity for secure outdoor yard space at an additional cost. The build out includes lighting, a small office and reception area, and two restrooms. Tenants pay their own individually metered utilities and maintenance. The property is situated on a 2.35 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Quartz Hill Mini Storage — 5104 Columbia Way, Quartz Hill, CA 93536

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.150685
    Latitude
    34.650001

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    FAQs

    What type of property is this?
    Warehouse - New construction warehouse and office spaces available for lease.
    Where is this warehouse located?
    The property is located at 1133 W Ave L12 Lancaster, CA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: New construction warehouse plaza in West Lancaster near the 14 freeway.; Light industrial zoning with flexible floor plans.; Freestanding masonry buildings (Buildings B and C available).
    (661) 600-1269
    We can help!
    Listing Contact
    Seffi Toneman
    Real Estate License ID: 01878066
    Learn More
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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.

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    1133 W Ave L12, Lancaster, CA 93534
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