Industrial Flex
For Sale
$775,000
45030 Trevor Ave, Lancaster, CA 93534
Three separate areas combine office, storage, and shop functionality in one adaptable commercial property.
Property Size5,721 SF
Price / SF$135.47
Days on Market41
Property Features for 45030 Trevor Ave
General Information
Standard status
Active
Size
5,721 SF
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Coldwell Banker Commercial/Valley Realty
Listed By:
Harvey Holloway · License #00594721
(661) 948-2644
Source:
Jessicadixonrealty
Added: Aug 14
Changed: Sep 12
Last Checked: Sep 22 at 6:21PM
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 Coldwell Banker Commercial/Valley Realty
Investment Insights
Based on property information with market context.
Built in 1969, this flex property is arranged as three distinct spaces serving office, storage, and shop functions. Suite A provides an open office or storage layout, a 10' x 10' grade-level door, and one restroom. Suite B is configured for office use and includes one restroom. Suite C offers an open shop area with a 12' x 12' grade-level door, 14' clear height, and one restroom.
The property is located on Trevor Avenue in Lancaster, California. Its combination of office areas, open storage capacity, and shop space supports multiple operational configurations within a single building. The site is rated somewhat bikeable, with a bike score of 38, and car-dependent, with a walk score of 0.
The property is located on Trevor Avenue in Lancaster, California. Its combination of office areas, open storage capacity, and shop space supports multiple operational configurations within a single building. The site is rated somewhat bikeable, with a bike score of 38, and car-dependent, with a walk score of 0.
Key Highlights
- Three demised spaces include office, storage, and shop areas
- Suite A has a 10' x 10' grade‑level door and one restroom
- Suite C includes a 12' x 12' grade‑level door and 14' clear height
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
$69,637
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
8.99%
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%
$1,392,740
$1.4M
Cap Rate 7%
$994,814
$994.8K
Cap Rate 9%
$773,744
$773.7K
Market Conditions
NOI Build-Up for 5,721 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
$105.0K $18.36/SF
− Vacancy
−$5.6K −$0.97/SF
EGI
$99.5K $17.39/SF
− OpEx
−$29.8K −$5.22/SF
NOI
$69.6K $12.17/SF
Area
Lancaster, CA
Vacancy
5.29%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
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%
$1,392,740
Cap Rate 7%
$994,814
Cap Rate 9%
$773,744
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,187 @ 7.0% cap · market cap 11.77%
Second Best
Flex RnD
$1.08M
$943.8K – $1.26M
NOI $75,503 @ 7.0% cap · market cap 9.74%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,792 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Three separate areas combine office, storage, and shop functionality in one adaptable commercial property.
Where is this flex space located?
The property is located at 45030 Trevor Ave Lancaster, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Three demised spaces include office, storage, and shop areas; Suite A has a 10' x 10' grade‑level door and one restroom; Suite C includes a 12' x 12' grade‑level door and 14' clear height
