Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42515 Wall St Lancaster, CA 93534

    • Industrial properties
    • 5,000 SF
    • 0.90 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 42515 Wall St

    Lot size
    0.90 lot acres
    Property size
    5,000 SF
    Property type
    Industrial properties

    Description

    This exceptional 5,000-square-foot industrial building presents a fantastic investment opportunity. Situated on a nearly one-acre lot within the burgeoning Enterprise Industrial Park in West Lancaster, California, this property offers unparalleled potential. The building boasts a spacious, open-span design, ideal for a variety of industrial uses. Two ADA-compliant restrooms ensure accessibility, while three-phase power provides ample electrical capacity for demanding operations. Convenient access for commercial trucks is facilitated by 14-foot roll-up doors, complemented by a separate retail entrance, offering flexibility for various business models. Currently 95% complete, the property will be fully finished before escrow closes, ensuring a seamless transition for the new owner. Its location in the rapidly developing Enterprise Industrial Park promises strong future growth and return on investment. The property's size and features make it suitable for a wide range of businesses seeking a modern, well-equipped industrial space in a prime location. This is a rare opportunity to acquire a nearly completed, high-quality industrial building in a thriving area of Lancaster. Don't miss out on this chance to secure a valuable asset in a rapidly growing market.

    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
    -118.132
    Latitude
    34.6564

    Comparable in this City

    • Value Estimation
      $15,355,000
      88,614 SF

      813 Ave L8

      INDUSTRIAL (GENERAL) • 88,614 SF
      813 Ave L8, Lancaster, CA 93534-7132
      View Details
    • Value Estimation
      $2,335,000
      15,225 SF

      121 Carriage Ln

      INDUSTRIAL (GENERAL) • 15,225 SF
      121 Carriage Ln, Lancaster, CA 93534-6351
      View Details
    • Value Estimation by Request
      1,800 SF

      210 Oldfield St

      INDUSTRIAL (GENERAL) • 1,800 SF
      210 Oldfield St, Lancaster, CA 93534-3630
      View Details
    • Value Estimation by Request
      807,968 SF

      Avenue M

      Distribution properties • 807,968 SF
      0 Avenue M, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      1,184 SF

      868 Avenue J

      Manufacturing properties • 1,184 SF
      868 Avenue J, Lancaster, CA 93534
      View Details
    • Value Estimation by Request
      3,100 SF

      307 Avenue I

      Distribution properties • 3,100 SF
      307 Avenue I, Lancaster, CA 93534
      View Details

    Similar Nearby for Sale

    • $1,600,000
      7,881 SF

      Lancaster Warehouse - $1.6M

      7,881 SF Warehouse, Ideal Location
      44632 Trevor Ave, Lancaster, CA 93534
      View Details
    • $1,100,000
      5,000 SF

      Lancaster Industrial Building - Huge Potential

      New 5,000 sq ft industrial building, 0.9 acre lot.
      42515 Wall St, Lancaster, CA 93534
      View Details
    • $4,675,000
      17,000 SF

      44820 Yucca Ave, Lancaster, CA 93534

      Industrial properties • 17,000 SF
      44820 Yucca Ave, Lancaster, CA 93534
      View Details
    • $4,675,000
      17,000 SF

      Lancaster Industrial Duo

      17,000 SF, Two Buildings, Investment Opportunity
      44820 Yucca Ave, Lancaster, CA 93534
      View Details
    • $479,900
      2,290 SF

      Versatile Mixed-Use Property in Lancaster

      Mixed-use property in Lancaster's commercial/industrial district, suitable for various uses.
      113 Pillsbury St, Lancaster, CA 93534
      View Details
    • $559,000
      2,850 SF

      Lancaster Industrial Multi-Unit Property

      High-yield Lancaster industrial investment. Four-unit potential.
      206 Oldfield St, Lancaster, CA 93534
      View Details

    Similar Nearby for Lease

    • $1.30 SF/Yr
      40,000 SF

      Industrial Unit Near Freeway

      Industrial unit for lease with freeway access.
      1105 W Columbia Way, Lancaster, CA 93534
      View Details
    • $2,250 /Mo
      1,600 SF

      Lancaster Warehouse with Outdoor Space

      Affordable shop space with rear access and outdoor storage.
      45044 Yucca Ave, Lancaster, CA 93534
      View Details
    • $0.86 SF/Yr
      3,500 SF

      Lancaster Flex Space Available

      3,500 SF flex space available for lease.
      142-150 Avenue I E, Lancaster, CA 93534
      View Details
    • Contact for pricing
      13,436 SF

      Lancaster Retail Sublease Opportunity

      Retail sublease in Lancaster with high visibility and traffic.
      1147 Avenue I W, Lancaster, CA 93534
      View Details
    • $1.45 SF/Yr
      2,050 SF

      Lancaster Retail Space For Rent

      2,050 SF retail/office space in Sunrise Plaza, Lancaster, CA.
      903 Avenue J W, Lancaster, CA 93534
      View Details
    • $2 SF/Yr

      Move-in Ready Lancaster Office Space

      Office space with private offices and reception area for rent.
      830 W Avenue L, 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.
    42515 Wall St
    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

    Google sign-in failed. Please try again or use another login method.