Single-Tenant Collision Repair Auto
For Sale
$4,750,000
40360 La Quinta, Palmdale, CA 93551
Commercial Sale, Palmdale, CA
Property Size18,970 SF
Lot Size2.35 Acres
Price / SF$250.40
Days on Market155
Property Features for 40360 La Quinta
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PDM4
Lot features
Corner Lot
Directions
Ave O & 10th St West
Subdivision
01 - 110th W to I-5
Standard status
Active
APN
3005-045-003
Size
18,970 SF
Lot size
2.35 Acres
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
1
Building materials
Stucco
Roof type
Tile
Listing Agency:
RE/MAX All-Pro · RE/MAX International
(661) 945-9461
Listed By:
Kenneth K Terracciano · License #01254688
(661) 726-4804
Added: May 11
Changed: Oct 6
Last Checked: Oct 12 at 4:06PM
MLS# 26003775
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.
Investment Insights
Based on property information with market context.
This single-tenant auto shop in Palmdale contains approximately 18,970 square feet on approximately 2.35 acres. Built in 2007, the facility is configured for collision repair with paint and refinishing infrastructure, repair bays, customer reception, offices, secured storage, and automotive service areas. Construction includes stucco, with a tile roof and central air cooling.
Caliber Collision occupies the property under a modified NNN lease that includes 2% annual rent increases. The lease runs through February 2028 and includes one additional five-year extension option, with a corporate guaranty and tenant reimbursement of property taxes. Ownership retains limited structural responsibilities.
The site is zoned PDM4 and is positioned near Highway 14 and major Antelope Valley transportation routes. Natural gas is available, and utilities are reportedly extended to the site. A potential expansion area may accommodate approximately 8,000 additional square feet, subject to verification, approvals, and permitting.
Caliber Collision occupies the property under a modified NNN lease that includes 2% annual rent increases. The lease runs through February 2028 and includes one additional five-year extension option, with a corporate guaranty and tenant reimbursement of property taxes. Ownership retains limited structural responsibilities.
The site is zoned PDM4 and is positioned near Highway 14 and major Antelope Valley transportation routes. Natural gas is available, and utilities are reportedly extended to the site. A potential expansion area may accommodate approximately 8,000 additional square feet, subject to verification, approvals, and permitting.
Key Highlights
- Approximately 18,970 SF collision repair facility on approximately 2.35 acres
- Caliber Collision occupies the property under a modified NNN lease
- 2% annual rent increases; lease extends through February 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,755
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,475,100
$6.5M
Cap Rate 7%
$4,625,071
$4.6M
Cap Rate 9%
$3,597,278
$3.6M
Market Conditions
NOI Build-Up for 18,970 SF
Gross rent
$489.4K $25.80/SF
− Vacancy
−$26.9K −$1.42/SF
EGI
$462.5K $24.38/SF
− OpEx
−$138.8K −$7.31/SF
NOI
$323.8K $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%
$6,475,100
Cap Rate 7%
$4,625,071
Cap Rate 9%
$3,597,278
Alternative Uses
Best Use
Retail
$4.63M
$4.05M – $5.40M
NOI $323,755 @ 7.0% cap · market cap 6.82%
Second Best
Industrial
$3.16M
$2.77M – $3.69M
NOI $221,358 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$8.01M
$7.01M – $9.34M
NOI $560,686 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93551, CA
56,001
Population
17,940
Households
3.1
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
84.8 sq mi
ZIP Area
660
Density / Sq Mi
$110,850
Median Household Income
$55,882
Median Earnings
$2,263
Median Rent
$548,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Auto shop - Specialized repair facility with secured yard, office and reception areas, and a modified NNN lease.
Where is this auto shop located?
The property is located at 40360 La Quinta Palmdale, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Approximately 18,970 SF collision repair facility on approximately 2.35 acres; Caliber Collision occupies the property under a modified NNN lease; 2% annual rent increases; lease extends through February 2028
