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Property profile & analytics

318 Newgrove St Lancaster, CA 93534

  • Manufacturing properties
  • 2,200 SF
  • 0.14 lot acres
Value Estimation
Last Sale
Sep 30, 2022
$400,004
Location Intelligence
Property ID
US10-0321564
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

  • Magic Automotive Coatings and Paint Repair / Car Detailing Service / Auto Body Shop

Property Details for 318 Newgrove St

Year built
1954
Construction
WOOD
Lot size
0.14 lot acres
Property size
2,200 SF
Zone code
LRMU
Property type
Manufacturing properties
APN
3138-025-032
APU
3138025032

Description

This exceptional 2,200 square foot manufacturing facility presents a compelling investment opportunity in Lancaster, California. Built in 1954, the property sits on a substantial 14-acre lot, offering ample space for expansion or future development. The building is zoned LRMU and features convenient front and rear entry points, ideal for efficient loading and unloading of materials and goods. The property boasts gated parking, providing enhanced security for both employees and inventory. Its prime Lancaster location offers easy access to major transportation routes, making it strategically advantageous for businesses requiring seamless logistics. The spacious lot and existing building provide a solid foundation for a variety of manufacturing or industrial uses. The property is particularly well-suited for businesses such as body shops or auto repair facilities, with the ample parking accommodating overflow vehicles. This is an excellent opportunity for an owner-user seeking to establish or expand their operations, or for an investor looking for a strong return on investment in a desirable location. The APN is 3138-025-032. The property's size and location make it a rare find in the Lancaster market.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $310,000
  • CAP approach

    CAP return
    Estimation
    6%
    $320,000
    6.5%
    $345,000
    7%
    $350,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $280,000
    Geo Method
    $305,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $320,000
    Retail
    $355,000
    Mixed-Use
    $290,000
    Hospitality
    $290,000
    Educational
    $335,000
    Residential Income
    $370,000
    Energy
    $375,000
    Income-Based Land
    $395,000
    Food Service
    $290,000

Location Insight

  • Map
  • Local Demand
City
Lancaster
County
Los Angeles
State
California
Longitude
-118.134
Latitude
34.6948
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
$5,872
$163,200
$244,800
$408,000
-
$0.00
$0.00
$0.00
More about this property
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