Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Avenue L Lancaster, CA 93534
    Property profile & analytics

    Avenue L, Lancaster, CA 93534

    View on Map
    • Land
    • 14.55 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Avenue L

    Lot size
    14.55 lot acres
    Property type
    Land

    Description

    This exceptional 14.55-acre residential land parcel presents a compelling development opportunity in Lancaster, California. Located at the southwest corner of Ana Madre Lane and Avenue L, this property boasts convenient access to Highway 14 and the heart of Lancaster. The strategic location offers proximity to a variety of amenities, including regional and neighborhood shopping centers, Kaiser Permanente, and Antelope Valley College. Currently zoned SRR (allowing 1-2 units per acre), the land offers the potential to create approximately 30 or more half-acre custom home lots. The possibility of acquiring additional acreage exists, further enhancing the development potential. Nearby comparable homes are selling in the $700,000 to $800,000 range, indicating strong market demand. This property is ideal for smaller, custom home builders and developers seeking a prime location with excellent access and significant upside. The asking price is $899,990, reflecting a recent $100,000 price reduction. The APN is 3109-011-081. This is a rare opportunity to acquire a substantial land parcel in a thriving area of Los Angeles County. Don't miss out on this chance to build your dream project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.176
    Latitude
    34.6585

    Comparable in this City

    • Value Estimation by Request
      2.15 Acres

      100th West / Ave

      Farms
      100th West / Ave, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      7.16 Acres

      61400 Sierra Hwy

      Land
      61400 Sierra Hwy, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      5.00 Acres

      65th W & Ave

      Farms
      65th W & Ave, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      2.13 Acres

      Avenue L

      Land
      0 Avenue L, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      7.47 Acres

      K-8 W & Ave

      Land
      K-8 W & Ave, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      8.15 Acres

      Kettering St

      Land
      0 Kettering St, Lancaster, CA 93534
      View Details

    Similar Nearby for Sale

    • $30,000

      Lancaster Land with Mountain Views

      3.3 acres of land with seller financing available.
      14000 W Nugent St, Lancaster, CA 93534
      View Details
    • $785,000

      Land Available in Lancaster, CA

      Land for sale in Lancaster, Los Angeles County.
      43119 W 15Th St, Lancaster, CA 93534
      View Details
    • Contact for pricing
      106,286.00 Acres

      Lancaster Vacant Land For Sale

      Vacant land available in Lancaster, California.
      67 Th. West G2, Lancaster, CA 93534
      View Details
    • $19,252,000

      Land Available on Sierra Highway

      Large land parcel available in Lancaster, California.
      43357 Sierra Hwy, Lancaster, CA 93534
      View Details
    • $75,000
      5.00 Acres

      Expansive Land Parcel in Lancaster

      5-acre vacant land near Lancaster, CA, ideal for various uses.
      65th W & Ave, Lancaster, CA 93534
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      213,008 SF

      Lancaster Industrial Outdoor Storage Space

      Industrial outdoor storage with functional metal buildings and office trailer.
      660 Avenue L W, Lancaster, CA 93534
      View Details
    • Contact for pricing
      207,346 SF

      Retail Development Land Available

      Land available for retail development with drive-through options.
      K W And Ave W, Lancaster, CA 93534
      View Details
    • Contact for pricing

      Versatile Retail/Office/Medical/Spa Space

      Former spa space suitable for retail, office, medical, or spa.
      43973 15Th St W, Lancaster, CA 93534
      View Details
    • Contact for pricing

      Freestanding Building in Mid-Cities Location

      Freestanding building with convenient freeway access and modern amenities.
      42142 7Th St W, Lancaster, CA 93534
      View Details
    • Contact for pricing

      Professional Office Suite For Rent

      Professional office suite available in Centerpoint Business Park.
      44300 Lowtree Ave, Lancaster, CA 93534
      View Details
    • $3,400 /Mo
      2,080 SF

      Lancaster Commercial Space For Lease

      Prime commercial space for lease in Downtown Lancaster.
      516 W Lancaster Blvd, Lancaster, CA 93534
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Avenue L
    Lancaster, CA 93534
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Avenue L, Lancaster, CA, 93534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!