Medical Office Investment
450 W Palmdale Palmdale, CA 93551
450 W Palmdale, Palmdale, CA, 93551
$3,950,000
Pending
For Sale
$3,950,000
Pending
Two buildings near Palmdale Regional Medical Center for sale.
Property Size13,200 SF
Days on Market88
Property Features for 450 W Palmdale
General Information
- Standard status
- Pending
- Size
- 13,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2009
Listing Agency
Markowitz Commercial Real Estate, Inc.
(818) 337-9066
Listed by
Joshua Markowitz · License #01978248
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 3:56 pm Checked: Jul 20 at 4:25 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 Markowitz Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
Buildings 450 and 460 at Challenger Business Park are available for purchase, subject to a ground lease through 2061. Building 460 offers 13,200 square feet and is suitable for an owner-user. Building 450 generates approximately $280,000 in base rent and CAMs. The property's 59% vacancy rate makes it eligible for SBA financing. Located in close proximity to Palmdale Regional Medical Center, this property is well-suited for a medical clinic. The location has a walk score of 39, indicating car-dependence, and a bike score of 35, suggesting it is somewhat bikeable.
Key Highlights
- Priced at $156 per square foot.
- Building 460 (13,200 sq ft) is available for owner‑user.
- Building 450 generates approximately $280,000 in base rent and CAMs.
Local Financial Insights For Office B
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 | $453.0k | $34.32 |
| − Vacancy | −$72.5k | −$5.49 |
| EGI | $380.5k | $28.83 |
| − OpEx | −$95.1k | −$7.21 |
| NOI | $285.4k | $21.62 |
13,200 SF · lease $34.32/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.08M
$3.57M – $4.76M
NOI $285,405 @ 7.0% cap · market cap 7.23%
Second Best
Healthcare Medical
$3.52M
$3.08M – $4.10M
NOI $246,154 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$5.57M
$4.88M – $6.50M
NOI $390,146 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taylor Alan B ...
Dental Office
Absolute Dental Care
Dental Office
Progressive Physical Therapy
Medical Clinic
Tessie Cleveland Community ...
Crisis Center
Palmdale Towing Services
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Palmdale Veterinary Hospital — 38568 6th St E, Palmdale, CA 93550
- Palmdale Veterinary Hospital: Kirsch Kristine DVM — 38568 6th st e, palmdale, ca 93550
- Connelly Larry J DVM — palmdale, ca 93550
- Sanders Michael E DVM — Palmdale, CA 93550, United States
FAQs
What type of property is this?
Medical Office Space - Two buildings near Palmdale Regional Medical Center for sale.
Where is this medical office space located?
The property is located at 450 W Palmdale Palmdale, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Priced at $156 per square foot.; Building 460 (13,200 sq ft) is available for owner‑user.; Building 450 generates approximately $280,000 in base rent and CAMs.
