Light Manufacturing
For Sale
$1,600,000
Pending
205 W Ave H-6, Lancaster, CA 93534
Commercial Sale, Lancaster, CA
Property Size6,000 SF
Lot Size3.25 Acres
Days on Market1501
Property Features for 205 W Ave H-6
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LRHI (light manufacturing
Fencing
Chain Link
Directions
Ave. I, north to H6, left to property
Subdivision
03 - Lancaster West
Standard status
Pending
APN
3137-012-052
Size
6,000 SF
Lot size
3.25 Acres
Building Details
Year built
1964
Floors in Building
1
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Drt Pddlr/DP Comm Bkrg
(661) 273-2664
Listed By:
Michelle A Royal · License #01337652
(661) 917-0917
Added: Aug 12, 2022
Changed: Sep 5
Last Checked: Sep 20 at 12:06PM
MLS# 22007585
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.
Investment Insights
Based on property information with market context.
This light manufacturing property at 205 W Ave H-6 in Lancaster includes a 6,000-square-foot building on 3.25 acres. The structure was built in 1964 and features steel siding, a metal roof, and chain-link fencing. Zoning is identified as LRHI (light manufacturing).
The property is located in Lancaster’s manufacturing area and is within the cannabis zone, according to the provided property information. Its scale and existing industrial improvements support a range of manufacturing-oriented uses.
The property is located in Lancaster’s manufacturing area and is within the cannabis zone, according to the provided property information. Its scale and existing industrial improvements support a range of manufacturing-oriented uses.
Key Highlights
- 6,000‑square‑foot manufacturing building
- 3.25‑acre property
- LRHI (light manufacturing) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,033
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,460,660
$1.5M
Cap Rate 7%
$1,043,329
$1.0M
Cap Rate 9%
$811,478
$811.5K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.2K $18.36/SF
− Vacancy
−$5.8K −$0.97/SF
EGI
$104.3K $17.39/SF
− OpEx
−$31.3K −$5.22/SF
NOI
$73.0K $12.17/SF
Area
Lancaster, CA
Vacancy
5.29%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,460,660
Cap Rate 7%
$1,043,329
Cap Rate 9%
$811,478
Alternative Uses
Best Use
Industrial
$1.04M
$912.9K – $1.22M
NOI $73,033 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,927 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Steel-sided facility with chain-link fencing and a metal roof.
Where is this manufacturing property located?
The property is located at 205 W Ave H-6 Lancaster, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6,000‑square‑foot manufacturing building; 3.25‑acre property; LRHI (light manufacturing) zoning
