Mixed-Use Building With
For Sale
Under Contract
$439,500
113 Pillsbury Street, Lancaster, CA 93534
Mixed Use, Lancaster, CA
Property Size2,290 SF
Lot Size0.16 Acres
Price / SF$191.92
Days on Market170
Property Features for 113 Pillsbury Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
LAC - Lancaster
Standard status
Active Under Contract
APN
3138012077
Lot size
0.16 Acres
Building Details
Year built
1976
Listing Agency:
RE/MAX Gold Coast REALTORS · RE/MAX International
(805) 484-1600
Listed By:
Patrick Fossati · License #01907255
(805) 910-0463
Added: May 1
Changed: Oct 13
Last Checked: Oct 17 at 11:06PM
MLS# V1-36151
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,290-square-foot building on a 7,000+ square foot lot, plus a separate outdoor storage shed. The primary structure features an open interior with multiple access doors, two restrooms, office and reception areas, and a room suited for break-room or kitchen use. Interior paint has been refreshed, and the electrical panel is new.
Most of the site is enclosed by fencing, with parking positioned both at the front and inside the secured area. A steel gate and the storage outbuilding were constructed less than 5 years ago. The property is within Lancaster’s T.O.D. Zone, where the source identifies potential for retail, commercial, office, and light industrial uses. Division Street is nearby and provides frontage exposure to thousands of cars per day.
Most of the site is enclosed by fencing, with parking positioned both at the front and inside the secured area. A steel gate and the storage outbuilding were constructed less than 5 years ago. The property is within Lancaster’s T.O.D. Zone, where the source identifies potential for retail, commercial, office, and light industrial uses. Division Street is nearby and provides frontage exposure to thousands of cars per day.
Key Highlights
- 2,290‑square‑foot building on a 7,000+ square foot lot
- T.O.D. Zone supports retail, commercial, office, and light industrial uses
- Open interior with multiple doors, two restrooms, office/reception areas, and break‑room or kitchen space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,972
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,440
$759.4K
Cap Rate 7%
$542,457
$542.5K
Cap Rate 9%
$421,911
$421.9K
Market Conditions
NOI Build-Up for 2,290 SF
Gross rent
$57.7K $25.20/SF
− Vacancy
−$3.5K −$1.51/SF
EGI
$54.2K $23.69/SF
− OpEx
−$16.3K −$7.11/SF
NOI
$38.0K $16.58/SF
Area
Lancaster, CA
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,440
Cap Rate 7%
$542,457
Cap Rate 9%
$421,911
Alternative Uses
Best Use
Retail
$542.5K
$474.7K – $632.9K
NOI $37,972 @ 7.0% cap · market cap 8.64%
Second Best
Mixed Use
$524.8K
$459.2K – $612.3K
NOI $36,737 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$719.3K
$629.4K – $839.2K
NOI $50,352 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,094
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - TOD zoning supports retail, commercial, office, and light industrial uses.
Where is this mixed-use property located?
The property is located at 113 Pillsbury Street Lancaster, CA.
What is the asking price?
The asking price for this property is $439,500.
What are key features of this property?
This property features: 2,290‑square‑foot building on a 7,000+ square foot lot; T.O.D. Zone supports retail, commercial, office, and light industrial uses; Open interior with multiple doors, two restrooms, office/reception areas, and break‑room or kitchen space
