Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    38700 W 5th Street Palmdale, CA 93551

    View on Map
    Pending
    $1.50 SF/Yr

    Office - Palmdale, CA

    Type:Office
    Property size:
    1,400 SF
    Lot size:
    2.61 Acres
    Added:
    Nov 11, 2022
    Days on Market:
    1240
    Last Refresh:
    Apr 4 at 5:06 pm

    Property Features for 38700 W 5th Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    com
    Parking features
    Unassigned
    Standard status
    Pending
    APN
    3004-001-036
    Size
    1,400 SF
    Lot size
    2.61 Acres

    Taxes and HOA fees

    Expense value
    2200
    Expense
    Security Deposit

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2014
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Rolled/Hot Mop
    Architectural style
    Other

    We can help!

    Listing Contact
    Maxi Case

    Listing agent Maxi Case

    Listing office Century 21 Doug Anderson 1727 W. Avenue K, Lancaster, CA 93534, Lancaster, CA

    Listing date Nov 11, 2022

    MLS# 22010143 Listing URL

    Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Move-in Ready Palmdale Office Space

    This approximately 1400 square foot professional office suite is move-in ready. The suite features fresh paint and laminate wood flooring. It includes a kitchen and two private bathrooms. The suite is located in an attractive building within the Palmdale Business Park. Its location offers proximity to the hospital, freeway, and restaurants. Another suite, Suite E, offering 1527 square feet is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Julio Villatoro Realtor Real Estate Agency Graceful Palms Hospice ... Nursing Home ItsJenniferRenee Law Firm Lidia Montoya Realtor Real Estate Agency Jose Amezcua Real ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.121098
    Latitude
    34.654439

    Nearby Similar for Lease

    • Contact for pricing

      Iconic Restaurant Location Available

      High-traffic restaurant location with established reputation and full build-out.
      553 Sierra, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Versatile Mixed-Use Retail Space

      Mixed-use property with street frontage, suitable for various businesses.
      38128 6th Street, Palmdale, CA 93550
      View Details
    • $29/mo

      Turn-Key Auto Shop For Lease

      Automotive facility on Palmdale's main corridor, adjacent to In-N-Out.
      202 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Palmdale Office Space For Rent

      Office space for rent in Palmdale shopping center.
      533 E Palmdale Boulevard, Palmdale, CA 93550
      View Details
    • $1.00/mo

      Move-In Ready Palmdale Office Space

      Move-in ready office space available for lease in Palmdale.
      4621 S Avenue, Palmdale, CA 93552
      View Details
    • $1.95/mo

      Palmdale Retail Space Available

      Retail space for rent in Palmdale, California.
      37926 47th St. East, Palmdale, CA 93552
      View Details
    • $1.00/mo

      SIERRA HIGHWAY BUSINESS PLAZA FOR OFFICES, FLEX

      Multi-tenant complex with retail, office, warehouse, and flex spaces.
      190 Sierra Ct, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Office Space in Palmdale Center

      Desk for rent in Palmdale shopping center, internet included.
      533 E Palmdale Boulevard, Palmdale, CA 93550
      View Details
    • $29/mo

      Retail Space For Rent

      Single tenant retail space available for lease.
      202 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $2/mo

      New Medical Office Space

      Medical office space for lease in Palmdale, California.
      635 Commerce Avenue, Palmdale, CA 93551
      View Details
    • Contact for pricing

      Freeway Business Plaza For Lease

      Located on 12th St West & Avenue M-14 in Palmdale, CA.
      41250 12th St West #E-1, Palmdale, CA 93551
      View Details
    • Contact for pricing

      New Retail Center For Lease

      New 44,419 SF retail center in high-growth Palmdale, CA.
      Rancho Vista Blvd. &, 15th St W, Palmdale, CA 93551
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite in Palmdale Business Park, ready now.
    Where is this office units located?
    The property is located at 38700 W 5th Street Palmdale, CA.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: Move‑in ready, professional office suite in a prime location.; Includes **two private bathrooms and a kitchen**.; Rent of $1.50/sf includes NNN charges.
    (661) 945-4521
    We can help!
    Listing Contact
    Maxi Case
    Real Estate License ID: 00944626
    Learn More
    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.
    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!