Fenced Heavy Industrial Land with
For Sale
$3,900,000
45761 Division Street, Lancaster, CA 93535
Fully fenced heavy industrial land offering a 10,000 SF warehouse, separate office, and truck scale.
Property Size11,657 SF
Lot Size8.58 Acres
Price / SF$334.56
Days on Market77
Property Features for 45761 Division Street
General Information
Standard status
Active
Size
11,657 SF
Lot size
8.58 Acres
Property subtype
Industrial
Zoning
Heavy Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
3
Listing Agency:
Markowitz Commercial Real Estate, Inc.
(818) 337-9066
Listed By:
Joshua Markowitz · License #01978248
Source:
Xome
Added: Jun 18
Changed: Sep 2
Last Checked: Sep 1 at 4:37PM
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.
Presenting fully fenced heavy industrial land totaling 8.58 acres with an existing 10,000 square foot warehouse, a 1,000 square foot separate office, and a truck scale. The property includes rail access and is served by existing utilities and infrastructure in place, supporting immediate industrial operations or redevelopment planning.
Located at 45761 Division Street in Lancaster, the site is described as being within close proximity to the 14 Freeway and Sierra High way, which the remarks identify as the Antelope Valley’s main North/South arterials.
One acre is leased short term to a container rental company, and the remainder of the property will be delivered vacant. The existing improvements, combined with heavy industrial zoning and excess acreage, provide a range of potential industrial applications for buyers seeking an on-site, operationally oriented asset.
Located at 45761 Division Street in Lancaster, the site is described as being within close proximity to the 14 Freeway and Sierra High way, which the remarks identify as the Antelope Valley’s main North/South arterials.
One acre is leased short term to a container rental company, and the remainder of the property will be delivered vacant. The existing improvements, combined with heavy industrial zoning and excess acreage, provide a range of potential industrial applications for buyers seeking an on-site, operationally oriented asset.
Key Highlights
- 8.58 acres of fully fenced Heavy Industrial zoned land in Lancaster, CA
- 10,000 SF warehouse on‑site plus a 1,000 SF separate office
- Truck scale included on the property
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
$185,801
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
4.76%
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%
$3,716,020
$3.7M
Cap Rate 7%
$2,654,300
$2.7M
Cap Rate 9%
$2,064,456
$2.1M
Market Conditions
NOI Build-Up for 11,657 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
$307.7K $26.40/SF
− Vacancy
−$60.0K −$5.15/SF
EGI
$247.7K $21.25/SF
− OpEx
−$61.9K −$5.31/SF
NOI
$185.8K $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%
$3,716,020
Cap Rate 7%
$2,654,300
Cap Rate 9%
$2,064,456
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.10M
NOI $185,801 @ 7.0% cap · market cap 4.76%
Second Best
Warehouse
$2.46M
$2.15M – $2.87M
NOI $172,296 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,312 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
170
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Fully fenced heavy industrial land offering a 10,000 SF warehouse, separate office, and truck scale.
Where is this distribution center located?
The property is located at 45761 Division Street Lancaster, CA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 8.58 acres of fully fenced Heavy Industrial zoned land in Lancaster, CA; 10,000 SF warehouse on‑site plus a 1,000 SF separate office; Truck scale included on the property
