Heavy Industrial Shop on HI Zoned
46135 Division Lancaster, CA 93535
46135 Division, Lancaster, CA, 93535
$1,037,500
For Sale
$1,037,500
Vacant 4,900 SF shop building with office buildout and two grade-level rollups on 2.15 acres zoned HI.
Property Size4,900 SF
Lot Size2.15 Acres
Price / SF$211.73
Days on Market113
Property Features for 46135 Division
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Lot size
- 2.15 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing agency
Markowitz Commercial Real Estate, Inc.
(818) 337-9066
Listed by
Joshua Markowitz · License #01978248
Source
Elliman
Added: Apr 1 Updated: Jul 20 at 11:21PM Checked: Jul 22 at 12:04PM
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.
This heavy industrial offering includes a 4,900 SF shop building plus a rented modular home on 2.15 acres zoned HI. The shop will be delivered vacant, with an office buildout featuring reception, a kitchen, two bathrooms, and three private offices. The clean shop area includes two grade-level roll-up doors.
The property is set up with car and truck parking to support on-site operations. Public remarks indicate current tenants include a tree trimming company and the modular home.
The configuration combines office space and warehouse/shop functionality within a single heavy industrial site, providing a straightforward owner-user option or an opportunity for an investor to lease the modular home while occupying the vacant shop.
The property is set up with car and truck parking to support on-site operations. Public remarks indicate current tenants include a tree trimming company and the modular home.
The configuration combines office space and warehouse/shop functionality within a single heavy industrial site, providing a straightforward owner-user option or an opportunity for an investor to lease the modular home while occupying the vacant shop.
Key Highlights
- Vacant 4,900 SF heavy industrial shop building delivered vacant for owner‑user or investor use
- 2.15 acres zoned HI with office buildout plus clean shop space
- Office features include reception, kitchen, 2 bathrooms, and 3 private offices
Local Financial Insights For Warehouse
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 | $90.0k | $18.36 |
| − Vacancy | −$4.8k | −$0.97 |
| EGI | $85.2k | $17.39 |
| − OpEx | −$12.8k | −$2.61 |
| NOI | $72.4k | $14.78 |
4,900 SF · lease $18.36/SF/yr · vacancy 5.29% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.03M
$905.3K – $1.21M
NOI $72,424 @ 7.0% cap · market cap 6.98%
Second Best
Flex RnD
$923.8K
$808.4K – $1.08M
NOI $64,668 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,740 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
RV Storage
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Vacant 4,900 SF shop building with office buildout and two grade-level rollups on 2.15 acres zoned HI.
Where is this flex space located?
The property is located at 46135 Division Lancaster, CA.
What is the asking price?
The asking price for this property is $1,037,500.
What are key features of this property?
This property features: Vacant 4,900 SF heavy industrial shop building delivered vacant for owner‑user or investor use; 2.15 acres zoned HI with office buildout plus clean shop space; Office features include reception, kitchen, 2 bathrooms, and 3 private offices
