Light Industrial Yard and
For Sale
$1,475,000
2761 West Ave F, Lancaster, CA 93536
Light industrial zoned property with yard, modular homes, and contractor and fleet equipment for storage and operational uses.
Property Size4,540 SF
Lot Size4.76 Acres
Price / SF$324.89
Days on Market187
Property Features for 2761 West Ave F
General Information
Standard status
Active
Size
4,540 SF
Lot size
4.76 Acres
Property subtype
Commercial Sale / Multi Family
Zoning
SP Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1955
Buildings
4
Listing Agency:
Real Estate Source Inc
(916) 307-3444
Listed By:
Jacob Lavian · License #01956381
(916) 307-3444
Source:
Compass
Added: Feb 17
Changed: Aug 8
Last Checked: Jul 22 at 11:06AM
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 Real Estate Source Inc
Investment Insights
Based on property information with market context.
This light industrial land offering includes a single-family residence that has been internally divided into approximately eight separate living areas, along with additional residential improvements reflected at approximately 4,540 square feet per Los Angeles County Assessor records. The site also includes six modular homes, with two currently on site and four intended to be relocated, plus contractor and fleet equipment and related storage items including backhoe, compact loader, roll-off trucks, semi truck, asphalt roller, forklifts, and shipping containers.
The property provides strong frontage along West Avenue F and convenient access to 30th St W and SR-14. It is positioned near Fox Airfield and established industrial corridors. Zoning is within SP (Specific Plan) with a Light Industrial (LI) General Plan designation, supporting a range of light industrial uses such as contractor yard, equipment storage, fleet operations, light manufacturing, warehousing, distribution, and related service uses, subject to City approval.
The offering is presented with the understanding that buyers should independently verify permitted uses, zoning compliance, legal status, and configuration, including permits and any relocation requirements for the modular homes.
The property provides strong frontage along West Avenue F and convenient access to 30th St W and SR-14. It is positioned near Fox Airfield and established industrial corridors. Zoning is within SP (Specific Plan) with a Light Industrial (LI) General Plan designation, supporting a range of light industrial uses such as contractor yard, equipment storage, fleet operations, light manufacturing, warehousing, distribution, and related service uses, subject to City approval.
The offering is presented with the understanding that buyers should independently verify permitted uses, zoning compliance, legal status, and configuration, including permits and any relocation requirements for the modular homes.
Key Highlights
- Approximately 4.76‑acre site (207,476 SF) at 2761 W Avenue F in Lancaster with Light Industrial (LI) General Plan designation and SP zoning
- Single‑family residence internally divided into approximately eight (8) separate living areas, plus additional residential improvements totaling approx. 4,540 SF (Assessor records)
- Includes six (6) modular homes—two currently on site and four to be relocated
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
$67,103
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
4.55%
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%
$1,342,060
$1.3M
Cap Rate 7%
$958,614
$958.6K
Cap Rate 9%
$745,589
$745.6K
Market Conditions
NOI Build-Up for 4,540 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
$83.4K $18.36/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$78.9K $17.39/SF
− OpEx
−$11.8K −$2.61/SF
NOI
$67.1K $14.78/SF
Area
Lancaster, CA
Vacancy
5.29%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$1,342,060
Cap Rate 7%
$958,614
Cap Rate 9%
$745,589
Alternative Uses
Best Use
Warehouse
$958.6K
$838.8K – $1.12M
NOI $67,103 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,825 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 93536, CA
74,283
Population
24,407
Households
3
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
254.4 sq mi
ZIP Area
292
Density / Sq Mi
$102,927
Median Household Income
$58,484
Median Earnings
$1,946
Median Rent
$484,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Light industrial zoned property with yard, modular homes, and contractor and fleet equipment for storage and operational uses.
Where is this industrial land located?
The property is located at 2761 West Ave F Lancaster, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Approximately 4.76‑acre site (207,476 SF) at 2761 W Avenue F in Lancaster with Light Industrial (LI) General Plan designation and SP zoning; Single‑family residence internally divided into approximately eight (8) separate living areas, plus additional residential improvements totaling approx. 4,540 SF (Assessor records); Includes six (6) modular homes—two currently on site and four to be relocated
