Warehouse with Office and
235 E Avenue K-10 Lancaster, CA 93535
235 E Avenue K-10, Lancaster, CA, 93535
Contact for pricing
For Sale
Contact for pricing
1998-built warehouse includes a showroom, private HVAC office, lunch/break room, two restrooms, and two grade-level doors.
Property Size14,221 SF
Price / SF$175.80
Days on Market121
Property Features for 235 E Avenue K-10
General Information
- Standard status
- Active
- Size
- 14,221 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing agency
Coldwell Banker Commercial Valley Realty
(661) 948-2644
Listed by
Harvey Holloway · License #CA
Source
Crexi
Added: Mar 25 Updated: Jul 22 at 8:37PM Checked: Jul 22 at 8:37PM
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.
Constructed in 1998, this flex/warehouse building on a 1.1+/- acre corner lot is currently configured with a spacious showroom area, a private office with HVAC, a lunch/break room, two restrooms, and a couple of storage rooms. The warehouse/shop also features two grade-level doors along the north wall, with ample room along that side for unrestricted truck access.
The property provides a front entrance from Ave K-10 and additional access from Market Place, within the Lancaster Business Park. The business park is described as home to companies including FedEx, Lance Camper, Morton Manufacturing, and other light manufacturing, wholesaling, R&D, and personal and business service industries.
The site has been leased by US Air Conditioning Distribution, LLC since 2012.
The property provides a front entrance from Ave K-10 and additional access from Market Place, within the Lancaster Business Park. The business park is described as home to companies including FedEx, Lance Camper, Morton Manufacturing, and other light manufacturing, wholesaling, R&D, and personal and business service industries.
The site has been leased by US Air Conditioning Distribution, LLC since 2012.
Key Highlights
- 1.1+/- acre corner lot with front entrance from Ave K‑10 and additional access from Market Place
- 1998‑built warehouse configured with a spacious showroom area and private office with HVAC
- Includes a sizable lunch/break room, 2 restrooms, and a couple of storage rooms
Local Financial Insights For Office B
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 | $375.4k | $26.40 |
| − Vacancy | −$73.2k | −$5.15 |
| EGI | $302.2k | $21.25 |
| − OpEx | −$75.6k | −$5.31 |
| NOI | $226.7k | $15.94 |
14,221 SF · lease $26.40/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.24M
$2.83M – $3.78M
NOI $226,669 @ 7.0% cap · market cap 9.07%
Second Best
Warehouse
$3.00M
$2.63M – $3.50M
NOI $210,193 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$4.47M
$3.91M – $5.21M
NOI $312,689 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Tee Tee’s Kitchen — 708 E Whitlatch Dr, Lancaster, CA 93535
- Sugar Rush Shave ice — 43545 6th St E, Lancaster, CA 93535
FAQs
What type of property is this?
Flex space - 1998-built warehouse includes a showroom, private HVAC office, lunch/break room, two restrooms, and two grade-level doors.
Where is this flex space located?
The property is located at 235 E Avenue K-10 Lancaster, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.1+/- acre corner lot with front entrance from Ave K‑10 and additional access from Market Place; 1998‑built warehouse configured with a spacious showroom area and private office with HVAC; Includes a sizable lunch/break room, 2 restrooms, and a couple of storage rooms
