Elevator-Served Medical Office
44215 15th W Street 307 Lancaster, CA 93534
44215 15th W Street 307, Lancaster, CA, 93534
$369,900
For Sale
$369,900
Vacant third-floor medical office suite with exam rooms and private physician office within a professionally managed hospital medical plaza.
Property Size1,345 SF
Price / SF$275.02
Days on Market26
Property Features for 44215 15th W Street 307
General Information
- Standard status
- Active
- Size
- 1,345 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1988
Listing Agency
Century 21 Masters
(760) 486-5860
Listed by
Michael Knight · License #01382995
(760) 486-5860
Source
Exitrealty
Added: Jun 26 Updated: Jul 10 at 2:10 pm Checked: Jul 1 at 5:35 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 Century 21 Masters
Investment Insights
Based on property information with market context.
This is a third-floor, elevator-serviced medical office condominium within the Antelope Valley Hospital campus parking lot. Suite 307 is a medical office condo that is currently vacant and includes a private physician’s office with an attached restroom, three exam/patient rooms including an oversized exam/procedure room, a dedicated patient consultation room, and a reception/check-in area. The suite also has a second restroom accessible from the patient waiting area, plus an employee break room with sink and cabinetry. Interior features include extensive built-in cabinetry, abundant natural light from exterior windows, and a mix of carpet, vinyl, and wood flooring. Additional common-area patient and visitor restrooms are located near the elevators, and there is a shared third-floor waiting area for tenant use.
The building is professionally managed and offers elevator service. The campus environment includes on-site roving marked security. The property is located in the same parking lot as Antelope Valley Hospital and sits near other medical uses, including City of Hope and numerous surrounding medical office buildings.
For medical practices seeking a turn-key patient-facing layout in a hospital-adjacent setting, Suite 307 offers multiple dedicated exam rooms, consultation space, and practical support areas for staff. Ownership is a condominium interest in the improvements only, with the land held under a ground lease; buyers are advised to verify ground lease terms, lender requirements, and intended use. Monthly POA dues cover common area maintenance and building services.
The building is professionally managed and offers elevator service. The campus environment includes on-site roving marked security. The property is located in the same parking lot as Antelope Valley Hospital and sits near other medical uses, including City of Hope and numerous surrounding medical office buildings.
For medical practices seeking a turn-key patient-facing layout in a hospital-adjacent setting, Suite 307 offers multiple dedicated exam rooms, consultation space, and practical support areas for staff. Ownership is a condominium interest in the improvements only, with the land held under a ground lease; buyers are advised to verify ground lease terms, lender requirements, and intended use. Monthly POA dues cover common area maintenance and building services.
Key Highlights
- Vacant third‑floor medical office condo (Suite 307) in Antelope Valley Hospital Medical Plaza
- 1,345 SF medical office suite with private physician office and attached restroom plus reception/check‑in area
- Includes three exam/patient rooms, including an oversized exam/procedure room, and a dedicated patient consultation room
Local 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 | $40.4k | $30.00 |
| − Vacancy | −$3.4k | −$2.55 |
| EGI | $36.9k | $27.45 |
| − OpEx | −$14.8k | −$10.98 |
| NOI | $22.2k | $16.47 |
1,345 SF · lease $30.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$316.5K
$276.9K – $369.2K
NOI $22,152 @ 7.0% cap · market cap 5.99%
Second Best
Office B
$306.3K
$268.0K – $357.3K
NOI $21,438 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,574 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
South Medical Plaza
Medical Clinic
Dr. Nitin A. Shah, ...
Physician
High Desert Endodontics
Dental Office
Fetal Diagnostic Centers
Medical Clinic
Kalpana Ravikumar
Physician
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FAQs
What type of property is this?
Medical Office Space - Vacant third-floor medical office suite with exam rooms and private physician office within a professionally managed hospital medical plaza.
Where is this medical office space located?
The property is located at 44215 15th W Street 307 Lancaster, CA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Vacant third‑floor medical office condo (Suite 307) in Antelope Valley Hospital Medical Plaza; 1,345 SF medical office suite with private physician office and attached restroom plus reception/check‑in area; Includes three exam/patient rooms, including an oversized exam/procedure room, and a dedicated patient consultation room
