Freestanding Flex
New
For Sale
$649,000
45240 Trevor, Lancaster, CA 93534
Steel flex property with private offices, grade-level loading, gated parking, and convenient freeway access.
Property Size3,411 SF
Lot Size0.26 Acres
Price / SF$190.27
Days on Market2
Property Features for 45240 Trevor
General Information
Standard status
Active
Size
3,411 SF
Total Parking Spaces
6
Lot size
0.26 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Building Size
3,411 SF
Year Built
1953
Construction
steel
Listing Agency:
Real Estate Professionals of AV
(661) 618-7436
Listed By:
Edward Markosyan · License #01369360
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 7:58AM
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 Real Estate Professionals of AV
Investment Insights
Based on property information with market context.
This freestanding flex building contains 3,411 square feet within a steel structure built in 1953. The layout includes two private offices, 12–14-foot ceilings, and a roll-up ground-level door suited to industrial or warehouse operations. The property occupies a 0.26-acre lot with six gated parking spaces and is scheduled for delivery vacant at the close of escrow.
Located in Lancaster, the building offers access to the 14 freeway and serves as a functional owner-user or industrial space. Its combination of office area, loading capability, parking, and clear interior height supports a range of flex-oriented commercial uses without relying on a multi-tenant configuration.
Located in Lancaster, the building offers access to the 14 freeway and serves as a functional owner-user or industrial space. Its combination of office area, loading capability, parking, and clear interior height supports a range of flex-oriented commercial uses without relying on a multi-tenant configuration.
Key Highlights
- 3,411‑square‑foot freestanding steel flex building
- Built in 1953 on a 0.26‑acre lot
- Two private offices and 12–14' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,087,360
$1.1M
Cap Rate 7%
$776,686
$776.7K
Cap Rate 9%
$604,089
$604.1K
Market Conditions
NOI Build-Up for 3,411 SF
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.
Gross rent
$90.1K $26.40/SF
− Vacancy
−$17.6K −$5.15/SF
EGI
$72.5K $21.25/SF
− OpEx
−$18.1K −$5.31/SF
NOI
$54.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,087,360
Cap Rate 7%
$776,686
Cap Rate 9%
$604,089
Alternative Uses
Best Use
Office B
$776.7K
$679.6K – $906.1K
NOI $54,368 @ 7.0% cap · market cap 8.38%
Second Best
Warehouse
$720.2K
$630.2K – $840.3K
NOI $50,416 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.07M
$937.5K – $1.25M
NOI $75,001 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Under-served
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?
Flex space - Steel flex property with private offices, grade-level loading, gated parking, and convenient freeway access.
Where is this flex space located?
The property is located at 45240 Trevor Lancaster, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,411‑square‑foot freestanding steel flex building; Built in 1953 on a 0.26‑acre lot; Two private offices and 12–14' ceilings
