Heavy Industrial Warehouse on Paved
42621 2nd E Lancaster, CA 93535
42621 2nd E, Lancaster, CA, 93535
$1,599,000
For Sale
$1,599,000
10,000 SF warehouse on 40,510 SF paved lot.
Property Size10,000 SF
Lot Size0.93 Acres
Price / SF$159.90
Days on Market86
Property Features for 42621 2nd E
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.93 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing Agency
Block Properties, Inc
(661) 622-7145
Listed by
April Bartlett · License #01501931
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 6:29 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 Block Properties, Inc
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a 10,000± SF heavy industrial warehouse situated on a 40,510± SF fully paved lot. The property is located in a high-demand industrial zone where heavy industrial properties are hard to find. The main warehouse features an approximate 17-foot clear ceiling height, high clear-span construction, and four ground-level roll-up loading doors. This provides excellent functionality for manufacturing, fabrication, distribution, contractor operations, fleet services, or logistics uses. The building includes a small office and restroom. The property is equipped with heavy industrial power, offering approximately 800 amps of 480-volt electrical service onsite. The site is fully enclosed and secure, surrounded by a block wall and perimeter fencing. The expansive paved yard provides efficient truck circulation, parking, and outdoor storage capacity. Additionally, the property includes an approximate 2,500± SF auxiliary storage area. The property is ideal for owner-users, investors, manufacturers, and logistics operators.
Key Highlights
- 10,000 SF Heavy Industrial Warehouse on 40,510 SF Paved Lot in High‑Demand Zone
- Heavy Industrial Zoning with Secured Yard, High‑Capacity Power, and Functional Warehouse
- Approximately 17‑Foot Clear Ceiling Height and High Clear‑Span Construction
Local Financial Insights For Industrial
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 | $183.6k | $18.36 |
| − Vacancy | −$9.7k | −$0.97 |
| EGI | $173.9k | $17.39 |
| − OpEx | −$52.2k | −$5.22 |
| NOI | $121.7k | $12.17 |
10,000 SF · lease $18.36/SF/yr · vacancy 5.29% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.11M
$1.85M – $2.46M
NOI $147,804 @ 7.0% cap · market cap 9.24%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,721 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,878 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
US Pole Powder ...
Powder Coating Service
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FAQs
What type of property is this?
Warehouse - 10,000 SF warehouse on 40,510 SF paved lot.
Where is this warehouse located?
The property is located at 42621 2nd E Lancaster, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 10,000 SF Heavy Industrial Warehouse on 40,510 SF Paved Lot in High‑Demand Zone; Heavy Industrial Zoning with Secured Yard, High‑Capacity Power, and Functional Warehouse; Approximately 17‑Foot Clear Ceiling Height and High Clear‑Span Construction
