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Medical Office Investment Opportunity

450 W Palmdale Palmdale, CA 93551

Claim this Listing
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:
79
Last Refresh:
Jul 2 at 1:29 pm

Property Features for 450 W Palmdale

General Information

Standard status
Active
Size
13,200 SF
Property subtype
Commercial

Building Details

Year Built
2009

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.


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 (±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.

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

Suggested Use

Building Supply Big Box & Wholesale Store Pharmacy Gym & Fitness Center Spa & Massage Center Hair Salon Kitchen & Bath Showroom Restaurant Law Firm Nail Salon

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

Similar Off Market Nearby

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

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.
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