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    44143 20th St W, Lancaster, CA 93534

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    Commercial property with high visibility, supplemental income, and versatile vacant space.

    Type:Office
    Property size:
    12,288 SF
    Price / SF:
    $170/SF
    Added:
    Aug 15, 2024
    Days on Market:
    637
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 44143 20th St W

    General Information

    Standard status
    Active
    Size
    12,288 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Houmehr Mike Panoussi
    Houmehr Mike Panoussi

    Listing agent Houmehr Mike Panoussi License #01853627

    Listing office Liberty Business Advisors

    Listing date Aug 15, 2024

    Source Crexi

    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 Liberty Business Advisors

    HighLights

    • Prime location on high‑traffic 20th Street West, near the 14 Freeway, Antelope Valley Hospital, CVS, and Home Depot
    • Supplemental income from a fiber optic ground lease generating $2,575 per month
    • Versatile vacant space suitable for office, medical, or professional use
    • Recent capital improvements including brand‑new AC units, upgraded electrical wiring, and remodeled interiors
    • Ample on‑site parking for staff, clients, and visitors
    • Located within a growth corridor benefiting from commercial and healthcare expansion

    Overview

    This commercial property is located on 20th Street West, near the 14 Freeway. The location offers exposure, freeway access, and signage visibility. The property features a layout suitable for office, medical, or professional use, and is ready for occupancy or leasing. On-site parking is available for staff, clients, and visitors. Recent capital improvements include new AC units, upgraded electrical wiring, remodeled interiors, and fresh interior and exterior paint. A fiber optic ground lease, executed 10/20/2023, generates $2,575 per month, escalating to $2,650 per month at the end of the month. The original lessor of a cell phone tower lease has previously assigned the rights to the lease payments to himself through 12/31/2028. The property is near Antelope Valley Hospital and CVS, and across from Home Depot, within a growth corridor benefiting from commercial and healthcare expansion. Future hospital development in the surrounding Health District Plan Area may enhance property values. Potential uses include medical or dental offices, a surgery center, dialysis center, adult day care facility, veterinary hospital, CPA or law firm, executive/professional offices, or educational/career training centers. The property size is 12288 square feet.
    Location Intelligence

    Current Use by Public Records

    Joe Erazo Realty Real Estate Agency Lisa Miller, Realtor Real Estate Agency Wil Dempster Sales ... Real Estate Agency Molly Campbell Real ... Real Estate Agency CENTURY 21 Yarrow ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.1660923
    Latitude
    34.6855532

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    FAQs

    What type of property is this?
    Office building - Commercial property with high visibility, supplemental income, and versatile vacant space.
    Where is this office building located?
    The property is located at 44143 20th St W Lancaster, CA.
    What is the asking price?
    The asking price for this property is $2,099,000.
    What are key features of this property?
    This property features: Prime location on high‑traffic 20th Street West, near the 14 Freeway, Antelope Valley Hospital, CVS, and Home Depot; Supplemental income from a fiber optic ground lease generating $2,575 per month; Versatile vacant space suitable for office, medical, or professional use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Houmehr Mike Panoussi
    Houmehr Mike Panoussi
    Real Estate License ID: 01853627
    Learn More
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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.

    More about this property
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