Palmdale Retail Investment
38200 E 6th Street, Palmdale, CA 93550
For Sale
$315,000
Pending
Versatile 1,517 sq ft retail space for sale.
Property Size1,517 SF
Lot Size0.06 Acres
Days on Market836
Property Features for 38200 E 6th Street
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
JohnHart Real Estate
(818) 246-1099
Listed By:
Koko Partamian · License CA #01714982
(818) 517-3827
Source:
Exitrealty
Added: Aug 1, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 JohnHart Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Palmdale property offers an investment opportunity with 1,517 sq. ft. of space on a 2,567 sq. ft. lot. The interior is bright and provides possibilities for a variety of businesses or creative ventures. A bathroom is located at the back of the property. The rear area is enclosed with a gate.
Key Highlights
- Versatile 1,517 sq. ft. space suitable for various businesses or creative ventures.
- Generous 2,567 sq. ft. lot.
- Bright and inviting interior.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,890
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,800
$517.8K
Cap Rate 7%
$369,857
$369.9K
Cap Rate 9%
$287,667
$287.7K
Market Conditions
NOI Build-Up for 1,517 SF
Gross rent
$39.1K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.0K $24.38/SF
− OpEx
−$11.1K −$7.31/SF
NOI
$25.9K $17.07/SF
Area
Palmdale, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,800
Cap Rate 7%
$369,857
Cap Rate 9%
$287,667
Alternative Uses
Best Use
Retail
$369.9K
$323.6K – $431.5K
NOI $25,890 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.5K
$560.5K – $747.3K
NOI $44,837 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 93550, CA
82,379
Population
23,965
Households
3.4
Avg Household Size
31
Median Age
10%
College-Educated
71%
High-School Grad
259.3 sq mi
ZIP Area
318
Density / Sq Mi
$63,811
Median Household Income
$34,287
Median Earnings
$1,573
Median Rent
$378,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Palmdale, CA
Properties on Market for Retail space in Palmdale
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile 1,517 sq ft retail space for sale.
Where is this retail space located?
The property is located at 38200 E 6th Street Palmdale, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Versatile 1,517 sq. ft. space suitable for various businesses or creative ventures.; Generous 2,567 sq. ft. lot.; Bright and inviting interior.
