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Medical Office Investment Opportunity

450 W Palmdale, Palmdale, CA 93551

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For Sale

$3,950,000

Two buildings near Palmdale Regional Medical Center for sale.

Type:Commercial

Property size:

13,200 SF

Price / SF:

$299/SF

Listing Contact

Joshua Markowitz

Real Estate License ID: 01978248

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.
Qualifies for SBA financing due to 59% vacancy.
Ground lease through 2061.
Located near Palmdale Regional Medical Center, ideal for a medical clinic.

Learn more

For Sale

$3,950,000

Two buildings near Palmdale Regional Medical Center for sale.

Type:Commercial

Property size:

13,200 SF

Price / SF:

$299/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 4:11 pm

Property Features for 450 W Palmdale

General Information

Standard status: Active
Size: 13,200 SF
Property subtype: Commercial

Building Details

Year Built: 2009

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Listing Contact

Joshua Markowitz

Listing agent Joshua Markowitz License #01978248

Listing office Markowitz Commercial Real Estate, Inc.

Listing date Apr 24, 2026

Source Elliman

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.

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.
Qualifies for SBA financing due to 59% vacancy.
Ground lease through 2061.
Located near Palmdale Regional Medical Center, ideal for a medical clinic.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $285,405 @ 7.0% cap · market cap 7.23%

Second Best

Healthcare Medical

$3.52M

$3.08M – $4.10M (±1% cap)

NOI $246,154 @ 7.0% cap · market cap 6.23%

Theoretical Best

Office A

$5.57M

$4.88M – $6.50M (±1% cap)

NOI $390,146 @ 7.0% cap · market cap 9.88%

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

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

Suggested Use

Similar Places Nearby

Mission Animal Hospital — 845 W Palmdale Blvd, Palmdale, CA 93551

Location Insight

Map
Local Demand

City: Palmdale
County: Los Angeles
State: California
Longitude: -118.1217077
Latitude: 34.578782

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For sale
Medical Office Space
CA
Palmdale
93551
450 W Palmdale

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.