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

    Avenue I And 15th St E Lancaster, CA 93535

    View on Map
    Claim this Listing
    New
    For Sale
    $700,000

    D - Lancaster, CA

    Lot size:
    8.69 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 24 at 5:06 am

    Property Features for Avenue I And 15th St E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MDR & R-7000
    Standard status
    Active
    APN
    3149-001-049
    Lot size
    8.69 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ron Halcrow
    Ron Halcrow

    Listing agent Ron Halcrow License #926296

    Listing office Coldwell Banker-A Hartwig Co. 43912 N. 20th St. West, Lancaster, CA 93534, Lancaster, CA

    Listing date Apr 23, 2026

    MLS# 26003268 Listing URL

    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.

    Overview

    Lancaster Residential Development Opportunity

    This 8.69-acre site, comprised of four contiguous parcels, presents an opportunity for residential development. The property has frontage along 15th St E, spanning from Avenue I to Kettering Street. The site's split General Plan designation includes approximately 4.18 acres zoned for Medium Density Residential (MDR: 6.6-15 du/ac) and 4.51 acres zoned for Urban Residential (UR: 2.1-6.5 du/ac), offering flexibility in product type and lot configuration. A previously approved Tentative Tract Map (TTM) for 38 single-family lots provides a strong entitlement baseline. Although the map has expired due to the City's upgrade to higher-density MDR zoning, it retains significant value, including prior engineering studies, site planning, and a detailed record of municipal conditions of approval. This groundwork can reduce entitlement risk, inform updated yield scenarios, and accelerate the resubmittal process.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.104086
    Latitude
    34.703702

    Nearby Similar for Sale

    • $950,000
      3,405 SF

      Established Restaurant on Large Lot

      Restaurant with business assets on 6.9 acres near highway.
      46645 W 60th Street, Lancaster, CA 93536
      View Details
    • $899,999
      4,400 SF

      Retail Property in Downtown Lancaster

      Multi-tenant retail property in the heart of downtown Lancaster.
      616 W Lancaster Boulevard, Lancaster, CA 93534
      View Details
    • $560,000
      3,914 SF

      Lancaster Office Building For Sale

      Freestanding office building in Centerpoint Business Park, Lancaster.
      44285 Lowtree Avenue, Lancaster, CA 93534
      View Details
    • $699,999
      3,484 SF

      Versatile Lancaster Property for Redevelopment

      Nearly an acre with LCR3 zoning, ideal for redevelopment.
      4232 W Ave L, Lancaster, CA 93536
      View Details
    • $860,000
      6,565 SF

      Lancaster Mixed-Use Building For Sale

      Large commercial building in revitalized area with high visibility.
      656 W Lancaster Boulevard, Lancaster, CA 93534
      View Details
    • $860,000
      6,565 SF

      Lancaster Commercial Building For Sale

      Commercial building on revitalized Lancaster Blvd, suitable for retail/office.
      656 W Lancaster, Lancaster, CA 93534
      View Details
    • $55,555
      300 SF

      Turnkey Wash-and-Fold Laundry Business

      Fully equipped laundry business ready for immediate operation and growth.
      340 W Avenue I, Lancaster, CA 93534
      View Details
    • $649,000
      3,411 SF

      Lancaster Industrial Flex Building For Sale

      Freestanding industrial flex building in Lancaster, CA, ideal for users.
      45240 Trevor Avenue, Lancaster, CA 93534
      View Details
    • $950,000
      750 SF

      Lancaster Industrial Contractor's Yard

      Light industrial zoned contractor's yard with functional improvements.
      6507 W Avenue G, Lancaster, CA 93536
      View Details
    • $250,000
      2,526 SF

      Established Restaurant with Liquor License

      Fully equipped restaurant with banquet room and liquor license.
      1020 E Ave K, Lancaster, CA 93535
      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
    • $1,599,000
      10,000 SF

      Lancaster Industrial Warehouse with Yard

      10,000 SF warehouse on 0.93-acre lot with heavy industrial zoning.
      42621 2nd Street, Lancaster, CA 93535
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 8.69 acres for residential development in Lancaster, CA.
    Where is this residential land & home lot located?
    The property is located at Avenue I And 15th St E Lancaster, CA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 8.69 acres of land suitable for residential development; Favorable general plan designation: medium and urban residential densities; Opportunity for re‑entitlement and tract development
    (661) 373-3221
    We can help!
    Listing Contact
    Ron Halcrow
    Ron Halcrow
    Real Estate License ID: 926296
    Learn More
    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.
    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!