Office/Warehouse Condo in
For Sale
$435,000
650 Commerce Avenue Unit D, Palmdale, CA 93551
2,430 SF office/warehouse condo in excellent condition, built in 2007.
Property Size2,427 SF
Lot Size5.29 Acres
Price / SF$179.23
Days on Market254
Property Features for 650 Commerce Avenue Unit D
General Information
Standard status
Active
Size
2,427 SF
Lot size
5.29 Acres
Property subtype
Industrial
Building Details
Building Size
2,427 SF
Year Built
2007
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
Listed By:
Shiva Monify · License #CalDRE #01728143
(310) 892-6892
Source:
Svn
Added: Jan 27
Changed: Oct 2
Last Checked: Oct 7 at 9:57AM
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 SVN | Rich Investment Real Estate Partners Los Angeles
Investment Insights
Based on property information with market context.
This 2,430 square foot office/industrial condo unit, constructed in 2007, features office and warehouse space situated on a 5.29-acre parcel. Zoned Industrial/PDMX with a Light Manufacturing Use Code, the unit is in excellent condition. The layout includes a reception area, multiple offices, a kitchen, two bathrooms, and a warehouse on the first floor, with additional offices offering mountain views on the second floor. It also has back access with a private entrance and a grade-level roll-up door. New AC and a security system are installed. The property is located in Palmdale, the largest city of the Antelope Valley and fourth largest in the Mojave Desert, known for its family-oriented community and high quality of life. The Palmdale Trade and Commerce Center hosts various manufacturing, industrial, and corporate offices. Zoning permits medical and general office use. There is ample on-site parking and easy access to Palmdale Boulevard and Highway 14.
Key Highlights
- Excellent condition office/warehouse condo built in 2007 with 2,430 SF of space.
- Zoned Industrial/PDMX with “Light Manufacturing” Use Code, also permits for Medical and General Office Use.
- Easy access to Palmdale Blvd. and HWY 14.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,389
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,780
$687.8K
Cap Rate 7%
$491,271
$491.3K
Cap Rate 9%
$382,100
$382.1K
Market Conditions
NOI Build-Up for 2,427 SF
Gross rent
$42.8K $17.64/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$40.5K $16.67/SF
− OpEx
−$6.1K −$2.50/SF
NOI
$34.4K $14.17/SF
Area
Palmdale, CA
Vacancy
5.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,780
Cap Rate 7%
$491,271
Cap Rate 9%
$382,100
Alternative Uses
Best Use
Office B
$749.7K
$656.0K – $874.6K
NOI $52,476 @ 7.0% cap · market cap 12.06%
Second Best
Warehouse
$491.3K
$429.9K – $573.2K
NOI $34,389 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.02M
$896.7K – $1.20M
NOI $71,734 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - 2,430 SF office/warehouse condo in excellent condition, built in 2007.
Where is this flex space located?
The property is located at 650 Commerce Avenue Unit D Palmdale, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Excellent condition office/warehouse condo built in 2007 with 2,430 SF of space.; Zoned Industrial/PDMX with “Light Manufacturing” Use Code, also permits for Medical and General Office Use.; Easy access to Palmdale Blvd. and HWY 14.
