Add Listing
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

    201 Ave K15 Lancaster, CA 93535-4572

    • Manufacturing properties
    • 88,730 SF
    • 10.03 lot acres
    OFF-MARKET
    Value Estimations
    $14,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9296670
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Morton Manufacturing / Corporate Office / Factory

    Property Details for 201 Ave K15

    Year built
    2013
    Construction
    TILT-UP CONCRETE
    Lot size
    10.03 lot acres
    Property size
    88,730 SF
    Zone code
    LRSP*
    Property type
    Manufacturing properties
    APN
    3126-009-175
    APU
    3126009175

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,000,000
      6.5%
      $16,615,000
      7%
      $15,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,297,000
      Market price range: $5.84M - $16.3M
      AI Estimate
      $10,254,000
      Market price range: $2.68M - $10.3M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $11,590,000
      Current use
      OFFICE BUILDING
      $19,925,000
      Change: +72% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.129
    Latitude
    34.6624
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $200,054
    $1,592,403
    $12,724,939
    $14,317,342
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      5Th St

      Manufacturing properties • 66,285 SF
      0 5Th St, Lancaster, CA 93535
      View Details
    • Value Estimation by Request
      0.42 Acres

      521 Kettering St

      MANUFACTURING (LIGHT) • 0.42 Acres
      521 Kettering St, Lancaster, CA 93535-2630
      View Details
    • Value Estimation
      $10,180,000
      109,430 SF

      43120 Venture St

      MANUFACTURING (LIGHT) • 109,430 SF
      43120 Venture St, Lancaster, CA 93535-4510
      View Details
    • Value Estimation
      $1,255,000
      31,273 SF

      233 Ave K6

      MANUFACTURING (LIGHT) • 31,273 SF
      233 Ave K6, Lancaster, CA 93535-4509
      View Details
    • Value Estimation by Request

      53 Ste Ave

      Manufacturing properties
      53 Ste Ave, Lancaster, CA 93535
      View Details
    • Value Estimation
      $720,000
      5,230 SF

      42209 5th E St

      MANUFACTURING (LIGHT) • 5,230 SF
      42209 5th E St, Lancaster, CA 93535-5465
      View Details

    Similar Nearby for Sale

    • $378,000
      Pending

      Lancaster Heavy Industrial Corner Site

      Prime corner site suitable for industrial and cannabis facilities.
      Trevor Ave Vic Ave, Lancaster, CA 93535
      View Details
    • $50,000
      1.52 Acres

      Lancaster Industrial Land - $50K

      1.52-acre industrial lot, excellent location.
      0 5Th St, Lancaster, CA 93535
      View Details
    • $875,000

      Lancaster Heavy Industrial Opportunity

      Heavy industrial property with residence/office, metal building, and shop.
      42622 3Rd St E, Lancaster, CA 93535
      View Details
    • New
      $1,599,000
      0.93 Acres

      Lancaster Industrial Warehouse with Yard

      10,000 SF warehouse on 0.93-acre lot with heavy industrial zoning.
      42621 2Nd St, Lancaster, CA 93535
      View Details
    • $649,500

      Industrial Warehouse on One Acre

      Light industrial warehouse with tenant in place until November 2027.
      3311 Avenue I E, Lancaster, CA 93535
      View Details
    • $569,900
      Pending

      Lancaster Industrial Land For Sale

      Industrial land with highway visibility, close to amenities and transportation.
      42142 Valley Line Rd, Lancaster, CA 93535
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,000 SF

      Free Standing Warehouse Building

      Warehouse building featuring 11' clear height and grade level door.
      356 Avenue K6 E, Lancaster, CA 93535
      View Details
    • $13 SF/Yr
      27,468 SF

      Lancaster Industrial Warehouse Space

      Prime Lancaster location, versatile office space.
      456 Ave K-4, Lancaster, CA 93535
      View Details
    • Contact for pricing
      1,007,536 SF

      Lancaster Distribution Warehouse Available

      Large distribution warehouse with ample parking and loading docks.
      W Avenue F, Lancaster, CA 93535
      View Details
    • $1.55 SF/Yr
      3,298 SF

      Lancaster Office/Flex Space Available

      Move-in ready office with roll-up door in Lancaster Business Park.
      42913 Capital Dr, Lancaster, CA 93535
      View Details
    • Contact for pricing
      10,000 SF

      Versatile Space for Retail, Industrial

      Adaptable space suitable for retail, industrial, or warehousing purposes.
      1101 Avenue I W, Lancaster, CA 93535
      View Details
    • $0.15 SF/Yr
      213,008 SF

      Lancaster Industrial Outdoor Storage Space

      Industrial outdoor storage with functional metal buildings and office trailer.
      660 Avenue L W, Lancaster, CA 93535
      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.
    201 Ave K15
    Lancaster, CA 93535-4572
    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.
    Sign Up Successful!
    You now have access to more from Realmo!