Palmdale Freestanding Commercial
38423 9th St E, Palmdale, CA 93550
Well-maintained commercial building in Palmdale, ideal for owner-users or investors.
Type:Mixed Use, Office, Retail, Special Purpose
Property size:
3,500 SFLot size:
0.20 AcresPrice / SF:
$282/SF- Added:
- Feb 4, 2026
- Days on Market:
- 144
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 38423 9th St E
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 0.20 Acres
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Building Details
- Year Built
- 1956
Listing office Liberty Business Advisors
Listing date Feb 4, 2026
Source Crexi
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 Liberty Business Advisors
HighLights
- New Roof and HVAC (2024): Significant capital improvements reduce near‑term maintenance costs.
- Lease‑Back Option: Immediate income stream of $5,000/month + NNN possible with flexible terms.
- Below Replacement Cost: Offered at approximately $250/SF, a compelling value compared to market comps.
- Freestanding Building: Rare opportunity in Palmdale.
- High Cap Rate: Strong 6.86% cap rate based on proposed lease‑back scenario.
- Flexible Usage: Ideal for owner‑users, medical professionals, or investors.
Overview
This freestanding commercial building, located in Palmdale, presents an opportunity for owner-users, medical professionals, or investors. The building is currently occupied by a long-term dental lab. The owner is willing to relocate, lease back the entire building, or lease a portion. The building has an approximate size of 3,500 square feet and is situated on two parcels with lot sizes of 6,127 square feet and 2,639 square feet. It features two dedicated on-site parking areas, one on each side of the building, with additional street parking available. Recent capital improvements include a new roof and HVAC system in 2024, as well as electrical and plumbing upgrades in 2018. A lease-back option is proposed at $5,000 per month plus NNN for the entire building, with flexible terms and partial lease options available. This property is suitable for medical, dental, professional office, or specialty service businesses, as well as owner-users seeking rental income or investors looking for stabilized assets. Palmdale benefits from steady population growth, strong demand for medical and professional office space, and a limited supply of small freestanding commercial buildings. The property is located in proximity to major employers, residential neighborhoods, and key transportation corridors.
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 | $120.1k | $34.32 |
| − Vacancy | −$19.2k | −$5.49 |
| EGI | $100.9k | $28.83 |
| − OpEx | −$25.2k | −$7.21 |
| NOI | $75.7k | $21.62 |
3,500 SF · lease $34.32/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$946.0K – $1.26M
NOI $75,676 @ 7.0% cap · market cap 7.65%
Second Best
Healthcare Medical
$932.4K
$815.9K – $1.09M
NOI $65,268 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,448 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Panoussi's Dental Lab
Dental Office
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.1144798
- Latitude
- 34.5803897
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Well-maintained commercial building in Palmdale, ideal for owner-users or investors.
Where is this medical office space located?
The property is located at 38423 9th St E Palmdale, CA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: New Roof and HVAC (2024): Significant capital improvements reduce near‑term maintenance costs.; Lease‑Back Option: Immediate income stream of $5,000/month + NNN possible with flexible terms.; Below Replacement Cost: Offered at approximately $250/SF, a compelling value compared to market comps.
