Flexible Industrial Building with Fenced
113 Pillsbury Street Lancaster, CA 93534
113 Pillsbury Street, Lancaster, CA, 93534
$449,500
For Sale
$449,500
Versatile warehouse and office layout with fenced outdoor storage and room to configure multiple spaces for light industrial use.
Property Size2,290 SF
Lot Size0.16 Acres
Price / SF$196.29
Days on Market291
Property Features for 113 Pillsbury Street
General Information
- Standard status
- Active
- Size
- 2,290 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1976
Listing Agency
Re/Max Gold Coast REALTORS
(805) 910-0463
Listed by
Patrick Fossati · License #01907255
(805) 910-0463
Source
Exitrealty
Added: Oct 1, 2025 Checked: Jul 17 at 5:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Gold Coast REALTORS
Investment Insights
Based on property information with market context.
The property includes a 2,290-square-foot main building on a 7,000+ square-foot lot, plus a large outdoor storage shed. Most of the site is fully fenced, with some parking spaces in front and additional parking within the fenced area. The building features a large open room with multiple doors, along with two restrooms, additional office or reception areas, and a dedicated break room or kitchen space. Interior improvements include fresh paint throughout, and the electrical panel is brand new.
The property is located in Lancaster’s T.O.D Zone, which the remarks indicate allows for a variety of uses including retail, commercial, office space, and light industrial. The site is described as being a short distance from the “Blvd” area, and road frontage is indicated on Division Street with visibility to thousands of cars per day.
This configuration can support a range of business needs that benefit from both adaptable indoor space and controlled outdoor storage. The open layout with multiple doors may be useful for tenants seeking to divide the space into separate suites, while the on-site restrooms, office/reception areas, and break room or kitchen help accommodate day-to-day operations.
The property is located in Lancaster’s T.O.D Zone, which the remarks indicate allows for a variety of uses including retail, commercial, office space, and light industrial. The site is described as being a short distance from the “Blvd” area, and road frontage is indicated on Division Street with visibility to thousands of cars per day.
This configuration can support a range of business needs that benefit from both adaptable indoor space and controlled outdoor storage. The open layout with multiple doors may be useful for tenants seeking to divide the space into separate suites, while the on-site restrooms, office/reception areas, and break room or kitchen help accommodate day-to-day operations.
Key Highlights
- 2,290 SF building on a 7,000+ SF lot with a large outdoor storage shed
- T.O.D. Zone zoning allows for multiple uses including retail, commercial, office, and light industrial
- Fenced property with parking in front and additional parking inside the fenced area
Local Financial Insights For Warehouse
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 | $42.0k | $18.36 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $39.8k | $17.39 |
| − OpEx | −$6.0k | −$2.61 |
| NOI | $33.8k | $14.78 |
2,290 SF · lease $18.36/SF/yr · vacancy 5.29% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$483.5K
$423.1K – $564.1K
NOI $33,847 @ 7.0% cap · market cap 7.53%
Second Best
Flex RnD
$431.8K
$377.8K – $503.7K
NOI $30,223 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$719.3K
$629.4K – $839.2K
NOI $50,352 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Budale Driving School
Training Center
Browne Charles L
Architect
Antelope Valley Retail
Shopping Center & Mall
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile warehouse and office layout with fenced outdoor storage and room to configure multiple spaces for light industrial use.
Where is this flex space located?
The property is located at 113 Pillsbury Street Lancaster, CA.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: 2,290 SF building on a 7,000+ SF lot with a large outdoor storage shed; T.O.D. Zone zoning allows for multiple uses including retail, commercial, office, and light industrial; Fenced property with parking in front and additional parking inside the fenced area
