Lancaster Industrial Yard Investment
For Sale
Contact for pricing
307 W Ave I, Lancaster, CA 93534
Multi-tenant industrial yard with income, upside potential, and owner-user flexibility.
Property Size6,885 SF
Lot Size1.10 Acres
Price / SF$159.62
Days on Market248
Property Features for 307 W Ave I
General Information
Standard status
Active
Size
6,885 SF
Class
C
Lot size
1.10 Acres
Property subtype
Industrial, Land, Mixed Use, Self Storage
Zoning
Commercial / Light Industrial
Investment Type
Owner/User
Net Operating Income
$78,600
Building Details
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
Liberty Business Advisors
Listed By:
Houmehr Mike Panoussi · License #01853627
Source:
Crexi
Added: Feb 11
Changed: Oct 16
Last Checked: Oct 16 at 8:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,805
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,676,100
$1.7M
Cap Rate 7%
$1,197,214
$1.2M
Cap Rate 9%
$931,167
$931.2K
Market Conditions
NOI Build-Up for 6,885 SF
Gross rent
$126.4K $18.36/SF
− Vacancy
−$6.7K −$0.97/SF
EGI
$119.7K $17.39/SF
− OpEx
−$35.9K −$5.22/SF
NOI
$83.8K $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 Rate 5%
$1,676,100
Cap Rate 7%
$1,197,214
Cap Rate 9%
$931,167
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,805 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,386 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
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 Industrial in West region
Frequently Asked Questions
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 $1,099,000.
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).
