Office Building with Central
For Sale
$899,000
44300 Division Street, Lancaster, CA 93535
Commercial Sale, Lancaster, CA
Property Size5,174 SF
Lot Size0.32 Acres
Price / SF$173.75
Days on Market520
Property Features for 44300 Division Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Lot features
Corner Lot
Directions
Northeast corner of Division St. and Ave. J-2
Subdivision
04 - Lanc Div to 90th E
Standard status
Active
APN
3141-005-024
Size
5,174 SF
Lot size
0.32 Acres
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air, Evaporative Cooling
Building Details
Year built
1958
Floors in Building
1
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
Seffi Toneman, Broker
Listed By:
Seffi Toneman · License #01878066
(661) 600-1269
Added: May 6, 2025
Changed: Oct 1
Last Checked: Oct 7 at 1:06AM
MLS# 25003469
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,174-square-foot office building sits on a 0.32-acre parcel at 44300 Division Street in Lancaster, California. Constructed in 1958, the property features stucco and wood siding, a composition roof, central air, and evaporative cooling. Natural gas is available, and the property carries C zoning.
Key Highlights
- 5,174‑square‑foot office building on a 0.32‑acre parcel
- C zoning designation
- Central air and evaporative cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,468
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,360
$1.6M
Cap Rate 7%
$1,178,114
$1.2M
Cap Rate 9%
$916,311
$916.3K
Market Conditions
NOI Build-Up for 5,174 SF
Gross rent
$136.6K $26.40/SF
− Vacancy
−$26.6K −$5.15/SF
EGI
$110.0K $21.25/SF
− OpEx
−$27.5K −$5.31/SF
NOI
$82.5K $15.94/SF
Area
Lancaster, CA
Vacancy
19.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,360
Cap Rate 7%
$1,178,114
Cap Rate 9%
$916,311
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,468 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,765 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 93535, CA
82,149
Population
23,917
Households
3.4
Avg Household Size
31
Median Age
14%
College-Educated
78%
High-School Grad
239.0 sq mi
ZIP Area
344
Density / Sq Mi
$65,989
Median Household Income
$41,834
Median Earnings
$1,650
Median Rent
$336,200
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with central air, evaporative cooling, and natural gas availability.
Where is this office building located?
The property is located at 44300 Division Street Lancaster, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,174‑square‑foot office building on a 0.32‑acre parcel; C zoning designation; Central air and evaporative cooling
