Lancaster Industrial Yard Investment
307 W Ave I Lancaster, CA 93534
307 W Ave I, Lancaster, CA, 93534
Contact for pricing
For Sale
Contact for pricing
Multi-tenant industrial yard with income, upside potential, and owner-user flexibility.
Property Size6,885 SF
Lot Size1.10 Acres
Price / SF$181.41
Days on Market156
Property Features for 307 W Ave I
General Information
- Standard status
- Active
- Size
- 6,885 SF
- Lot size
- 1.10 Acres
- Property subtype
- Industrial, Land, Mixed Use, Self Storage
Listing Agency
Liberty Business Advisors
Listed by
Houmehr Mike Panoussi · License #01853627
Source
Crexi
Added: Feb 11 Checked: Jul 16 at 10:28 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 Liberty Business Advisors
Investment Insights
Based on property information with market context.
This multi-tenant industrial yard investment is located in the Lancaster/Antelope Valley industrial corridor. The property, suitable for contractors, automotive users, fleet operators, or light industrial businesses, offers a combination of in-place income, upside potential, and owner-user flexibility. The site consists of approximately 47,998 square feet (1.10 acres) of Commercial/Light Industrial land improved with three buildings totaling approximately 6,000+ square feet. The site is currently occupied by three service-based tenants, including two month-to-month leases, allowing immediate repositioning or expansion by a new owner. The property is ideal for a contractor yard, automotive repair/fleet service, construction companies, HVAC/plumbing/electrical contractors, equipment rental & storage, or light manufacturing. Current tenants include smog & electrical/diagnostics automotive service, auto body prep/insurance work automotive, and a flooring contractor. The property is located close to Sierra Hwy, Avenue J & Highway 14. The location benefits from nearby economic drivers including Edwards Air Force Base, Lockheed Martin & Northrop Grumman, Palmdale Regional Airport, and the Highway 14 logistics corridor.
Key Highlights
- Rare owner‑user opportunity with existing income in a high‑demand industrial submarket.
- Significant value‑add potential through increased rents and full occupancy.
- Large ±47,998 SF (1.10 Acres) industrial yard with three buildings (approx. 6,000+ SF).
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 | $126.4k | $18.36 |
| − Vacancy | −$6.7k | −$0.97 |
| EGI | $119.7k | $17.39 |
| − OpEx | −$35.9k | −$5.22 |
| NOI | $83.8k | $12.17 |
6,885 SF · lease $18.36/SF/yr · vacancy 5.29% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,805 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,386 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Essentials Auto Repair
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Multi-tenant industrial yard with income, upside potential, and owner-user flexibility.
Where is this industrial property located?
The property is located at 307 W Ave I Lancaster, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Rare owner‑user opportunity with existing income in a high‑demand industrial submarket.; Significant value‑add potential through increased rents and full occupancy.; Large ±47,998 SF (1.10 Acres) industrial yard with three buildings (approx. 6,000+ SF).
