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Property profile & analytics
OFF-MARKET
Warehouses
44155 Division St Lancaster, CA 93535
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6919438
Property summary
AI-generated overview
This exceptional 8,010-square-foot commercial/industrial building is situated on a 0.49-acre lot at 44155 Division Street in Lancaster, CA. Its prime location on a high-traffic street ensures excellent visibility, making it ideal for retail or light industrial businesses. The single-story structure offers a versatile layout, featuring a well-appointed office and reception area at the front, transitioning to a spacious open area perfect for various uses. Two roll-up doors and a loading ramp facilitate efficient loading and unloading. The building boasts two remodeled handicap-accessible restrooms, each with tile flooring and granite countertops
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
TILT-UP CONCRETE
Total area
8,010 SF
Lot
0.49 ac (21,280 SF)
Zoning code
LRC3-M1*
APN
3132-016-045
UPID
US09-6919438
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pj Castorena INC · 1 yrs held
Pj Castorena INC
since 2025
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
LRC3-M1* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,343
Tax year 2024
Assessed value
$184,389
Assessed 2024
Previous assessed
$184,389
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$66,635
Assessed improvement
$117,754
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
8,010 SF
Lot
0.49 ac (21,280 SF)
Zoning code
LRC3-M1*
APN
3132-016-045
UPID
US09-6919438
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3-M1* · Lancaster, CA
Zoning LRC3-M1* · permitted uses
LRC3-M1* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Pj Castorena INC
Entity
Mailing address
433 W AVE 5TH UNIT #12, LANCASTER, CA 93534-4482
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
$1,475,000
Pj Castorena INC
Alan B Frisch
Grant Deed
$1,363,400 · Wells Fargo Bank NA
Nov 5, 2013
—
Frisch Trust
Frisch,alan B
Quit Claim Deed
related
—
Jun 13, 1994
$240,000
Alan Frisch
Price Co
Grant Deed
—
Oct 21, 1993
—
Alfred Lewis M Properties INC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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