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 Market33
Property Features for 44215 15th Street West
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Office
Amenities
elevator service
roving security
24 hour access
Listing Agency:
Markowitz Commercial Real Estate, Inc.
(818) 337-9066
Listed By:
Joshua Markowitz · License #01978248
Source:
Xome
Added: Jul 5
Changed: Jul 24
Last Checked: Aug 5 at 5:18AM
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.
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 For Healthcare Medical
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 | $48.8k | $30.00 |
| − Vacancy | −$4.2k | −$2.55 |
| EGI | $44.7k | $27.45 |
| − OpEx | −$17.9k | −$10.98 |
| NOI | $26.8k | $16.47 |
1,628 SF · lease $30.00/SF/yr · vacancy 8.50% · expense 40.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
