Office/Warehouse Condo in
650 Commerce Avenue Unit D Palmdale, CA 93551
650 Commerce Avenue Unit D, Palmdale, CA, 93551
$435,000
For Sale
$435,000
2,430 SF office/warehouse condo in excellent condition, built in 2007.
Property Size2,427 SF
Lot Size5.29 Acres
Price / SF$179.23
Days on Market172
Property Features for 650 Commerce Avenue Unit D
General Information
- Standard status
- Active
- Size
- 2,427 SF
- Lot size
- 5.29 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2007
Listing Agency
(310) 892-6892
Listed by
Shiva Monify · License #CalDRE #01728143
(310) 892-6892
Source
Svn
Added: Jan 27 Checked: Jul 17 at 3:07 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shiva Monify
Investment Insights
Based on property information with market context.
This 2,430 square foot office/industrial condo unit, constructed in 2007, features office and warehouse space situated on a 5.29-acre parcel. Zoned Industrial/PDMX with a Light Manufacturing Use Code, the unit is in excellent condition. The layout includes a reception area, multiple offices, a kitchen, two bathrooms, and a warehouse on the first floor, with additional offices offering mountain views on the second floor. It also has back access with a private entrance and a grade-level roll-up door. New AC and a security system are installed. The property is located in Palmdale, the largest city of the Antelope Valley and fourth largest in the Mojave Desert, known for its family-oriented community and high quality of life. The Palmdale Trade and Commerce Center hosts various manufacturing, industrial, and corporate offices. Zoning permits medical and general office use. There is ample on-site parking and easy access to Palmdale Boulevard and Highway 14.
Key Highlights
- Excellent condition office/warehouse condo built in 2007 with 2,430 SF of space.
- Zoned Industrial/PDMX with “Light Manufacturing” Use Code, also permits for Medical and General Office Use.
- Easy access to Palmdale Blvd. and HWY 14.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $17.64 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $40.5k | $16.67 |
| − OpEx | −$6.1k | −$2.50 |
| NOI | $34.4k | $14.17 |
2,427 SF · lease $17.64/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$749.7K
$656.0K – $874.6K
NOI $52,476 @ 7.0% cap · market cap 12.06%
Second Best
Warehouse
$491.3K
$429.9K – $573.2K
NOI $34,389 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.02M
$896.7K – $1.20M
NOI $71,734 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brayton Ronald Campbell
Physician
Householder Group Antelope ...
Financial Advisor
Andrew Langroudi
Physician
Click2Drive Driving School
Training Center
Mr. Juan Duran
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 2,430 SF office/warehouse condo in excellent condition, built in 2007.
Where is this flex space located?
The property is located at 650 Commerce Avenue Unit D Palmdale, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Excellent condition office/warehouse condo built in 2007 with 2,430 SF of space.; Zoned Industrial/PDMX with “Light Manufacturing” Use Code, also permits for Medical and General Office Use.; Easy access to Palmdale Blvd. and HWY 14.
