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    Lancaster Industrial Flex Building Title is generated by Realmo AI

    45240 Trevor Avenue, Lancaster, CA 93534

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    For Sale
    $649,000

    COMMERCIAL - Lancaster, CA

    Property size:
    3,411 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $190/SF
    Added:
    Mar 1, 2026
    Days on Market:
    99
    Last Refresh:
    Jun 8 at 12:06 am

    Property Features for 45240 Trevor Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LRHI
    Standard status
    Active
    APN
    3137-015-048
    Size
    3,411 SF
    Lot size
    0.26 Acres

    Utilities

    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1953
    Floors in Building
    1
    Building materials
    Steel Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Edward Markosyan

    Listing agent Edward Markosyan License #01369360

    Listing office Real Estate Professionals of A.V. 927 E Palmdale Blvd, Lancaster, CA

    Listing date Mar 1, 2026

    MLS# 26001755

    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

    • Delivered vacant, offering immediate occupancy for owner‑users
    • Strategic location with easy access to the 14 freeway
    • Free‑standing industrial flex building
    • Roll‑up ground‑level door for convenient access
    • Two spacious private offices
    • Six gated parking spaces on a 0.26‑acre lot

    Overview

    This freestanding industrial flex building, constructed in 1953, offers an owner-user opportunity. The steel building encompasses 3411 square feet and is situated on a 0.26-acre lot. The property features six gated parking spaces, two private offices, and a roll-up ground-level door. Ceilings range from 12 to 14 feet. The property will be delivered vacant at the close of escrow. Its location provides convenient access to the 14 freeway, making it suitable for investors or users seeking immediate occupancy in the Antelope Valley area.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $73.7k $21.60
    − Vacancy −$4.4k −$1.30
    EGI $69.3k $20.30
    − OpEx −$24.2k −$7.11
    NOI $45.0k $13.20
    3,411 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $643.1K
    $562.7K – $750.3K (±1% cap)
    NOI $45,017 @ 7.0% cap · market cap 6.94%
    Second Best
    Industrial
    $593.1K
    $519.0K – $692.0K (±1% cap)
    NOI $41,519 @ 7.0% cap · market cap 6.40%
    Theoretical Best
    Office A
    $1.07M
    $937.5K – $1.25M (±1% cap)
    NOI $75,001 @ 7.0% cap · market cap 11.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto body shop ... Auto Repair Shop 1st class welding General Contractor MCAngel Auto & Truck ... Car Dealership Xxclusive mobile detailing Car Wash

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Exotik Blendz Mobile bartender — 45426 4th St E, Lancaster, CA 93535

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.134176
    Latitude
    34.705077

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    FAQs

    What type of property is this?
    Flex space - Freestanding industrial flex building in Lancaster, California, for sale.
    Where is this flex space located?
    The property is located at 45240 Trevor Avenue Lancaster, CA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Delivered vacant, offering immediate occupancy for owner‑users; Strategic location with easy access to the 14 freeway; Free‑standing industrial flex building
    (661) 618-7436
    We can help!
    Listing Contact
    Edward Markosyan
    Real Estate License ID: 01369360
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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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