Medical Office Condo with Lab
For Sale
$366,000
44215 15th Street West, Lancaster, CA 93534
One medical office condo with elevator service and 24-hour access, currently built out as a lab.
Property Size1,628 SF
Price / SF$224.82
Days on Market100
Property Features for 44215 15th Street West
General Information
Standard status
Active
Size
1,628 SF
Amenities
elevator service
roving security
24 hour access
Listing Agency:
Markowitz Commercial Real Estate, Inc.
Listed By:
Joshua Markowitz · License #01978248
(818) 337-9066
Source:
Myfabuloushome
Added: Jul 23
Changed: Oct 26
Last Checked: Oct 7 at 3:18PM
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 Markowitz Commercial Real Estate, Inc.
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Investment Insights
Based on property information with market context.
One medical office condo within a professionally managed medical office building. The space currently features a lab buildout and is described as having the ability to convert easily to medical or general office use. Building amenities include elevator service, roving security, and 24-hour access.
The building is located on the Antelope Valley Hospital Campus, placing it in close proximity to numerous medical offices and clinics. The property also notes ample parking and professional management.
For buyers seeking an owner-occupied or investment medical office option, this condo provides a dedicated suite in a secure, day-to-night accessible medical office environment, with the flexibility to support lab-oriented use or transition to office configurations.
The building is located on the Antelope Valley Hospital Campus, placing it in close proximity to numerous medical offices and clinics. The property also notes ample parking and professional management.
For buyers seeking an owner-occupied or investment medical office option, this condo provides a dedicated suite in a secure, day-to-night accessible medical office environment, with the flexibility to support lab-oriented use or transition to office configurations.
Key Highlights
- Medical office condo in a professionally managed medical office building
- Located on the Antelope Valley Hospital Campus
- Elevator service and 24‑hour access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,813
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,260
$536.3K
Cap Rate 7%
$383,043
$383.0K
Cap Rate 9%
$297,922
$297.9K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$48.8K $30.00/SF
− Vacancy
−$4.2K −$2.55/SF
EGI
$44.7K $27.45/SF
− OpEx
−$17.9K −$10.98/SF
NOI
$26.8K $16.47/SF
Area
Lancaster, CA
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,260
Cap Rate 7%
$383,043
Cap Rate 9%
$297,922
Alternative Uses
Best Use
Healthcare Medical
$383.0K
$335.2K – $446.9K
NOI $26,813 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$370.7K
$324.4K – $432.5K
NOI $25,949 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$511.4K
$447.5K – $596.6K
NOI $35,796 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,374
Businesses Nearby
Under-served
Demand for This Use
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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
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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?
Medical Office Space - One medical office condo with elevator service and 24-hour access, currently built out as a lab.
Where is this medical office space located?
The property is located at 44215 15th Street West Lancaster, CA.
What is the asking price?
The asking price for this property is $366,000.
What are key features of this property?
This property features: Medical office condo in a professionally managed medical office building; Located on the Antelope Valley Hospital Campus; Elevator service and 24‑hour access
