Renovated Office
For Sale
$899,000
44300 Division Street, Lancaster, CA 93535
Completely renovated office building offered for sale, with an option to lease, ready for tenants or business owners.
Property Size5,174 SF
Price / SF$173.75
Days on Market657
Property Features for 44300 Division Street
General Information
Standard status
Active
Size
5,174 SF
Property subtype
Office
Amenities
Central Air, Evaporative
3
Composition
C
Parking. Corner Lot.
Gated Parking.
Corner, Public Roads, Paved Road.
Building Details
Year Built
1958
Stories
1
Listing Agency:
Seffi Toneman, Broker
Listed By:
Seffi Toneman · License #01878066
(661) 600-1269
Source:
Xome
Added: Nov 19, 2024
Changed: Sep 2
Last Checked: Sep 7 at 4:41AM
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 Seffi Toneman, Broker
Investment Insights
Based on property information with market context.
This completely renovated office building offers a turnkey option for tenants, business owners, or investors. The property is described as ready for occupancy following renovation, with availability for either tenancy or ownership.
The asset is located at 44300 Division Street in Lancaster, CA 93535. It is being marketed with both for-sale and lease availability, giving buyers and occupiers flexibility based on their timeline.
As an office building within the listed commercial property types, it is positioned to serve general business office uses, subject to applicable lease terms and regulations.
The asset is located at 44300 Division Street in Lancaster, CA 93535. It is being marketed with both for-sale and lease availability, giving buyers and occupiers flexibility based on their timeline.
As an office building within the listed commercial property types, it is positioned to serve general business office uses, subject to applicable lease terms and regulations.
Key Highlights
- Completely renovated office building offered for sale with an option to lease
- Central air and evaporative cooling
- 3 guest facilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,649,360
$1.6M
Cap Rate 7%
$1,178,114
$1.2M
Cap Rate 9%
$916,311
$916.3K
Market Conditions
NOI Build-Up for 5,174 SF
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.
Gross rent
$136.6K $26.40/SF
− Vacancy
−$26.6K −$5.15/SF
EGI
$110.0K $21.25/SF
− OpEx
−$27.5K −$5.31/SF
NOI
$82.5K $15.94/SF
Area
Lancaster, CA
Vacancy
19.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,649,360
Cap Rate 7%
$1,178,114
Cap Rate 9%
$916,311
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,468 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,765 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 93535, CA
82,149
Population
23,917
Households
3.4
Avg Household Size
31
Median Age
14%
College-Educated
78%
High-School Grad
239.0 sq mi
ZIP Area
344
Density / Sq Mi
$65,989
Median Household Income
$41,834
Median Earnings
$1,650
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Completely renovated office building offered for sale, with an option to lease, ready for tenants or business owners.
Where is this office building located?
The property is located at 44300 Division Street Lancaster, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Completely renovated office building offered for sale with an option to lease; Central air and evaporative cooling; 3 guest facilities
