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    17066 Palmdale Ln Huntington Beach, CA 92647

    Sponsored
    For Sale
    $4,000,000

    Prime location, fully renovated warehouse

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional Huntington Beach industrial property, situated on a 28,000 sq ft lot, offers 3,200 sq ft of renovated building space, including an 800 sq ft office/shop and a 1,200 sq ft office/break room. The property boasts heavy-duty concrete pads (8,100 PSI) capable of supporting numerous 53' tractor trailers. Three entrances, including two automated gates, provide convenient access. Security features include a comprehensive camera system and a Ring system. Utilities are extensive, including a 2-inch gas line, drip irrigation, and sprinkler systems, along with two French drains. The property also includes a fully renovated two-story farmhouse with updated features such as walnut floors, double-pane windows, a remodeled kitchen and bath, updated electrical, and a new roof. The entire site is enclosed by an 8' fence with a 12' cypress hedge. Zoned IG, this property is located in Huntington Beach's only Opportunity Zone, offering versatile zoning options for residential, commercial, industrial, and technology uses. The asking price is $4,000,000. Built in 1929 and renovated in 2012, this property consists of three buildings and is currently vacant. Ample street parking is available on weekends. The property's robust infrastructure, comprehensive security, and versatile space make it an ideal location for various industrial operations. The address is 17066 Palmdale Lane, Huntington Beach, CA 92647. APN: 111-023-18, 111-023-19.

    Property Features for 17066 Palmdale Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    3,200 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1929/2012
    Buildings
    3

    HighLights

    • $4,000,000 asking price for this owner‑user industrial property.
    • 3,200 square feet of rentable warehouse space in a 28,000 square foot lot.
    • Located in Huntington Beach, CA, in an Opportunity Zone, near the 405 freeway and beach.
    • Features three buildings, including a renovated farmhouse with updated amenities.
    • Includes heavy‑duty concrete pads, ample power, and upgraded utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Beach
    County
    Orange
    State
    California
    Longitude
    -117.9987179
    Latitude
    33.7145321

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    FAQs

    What type of property is this?
    Distribution property - Prime location, fully renovated warehouse
    Where is this distribution property located?
    The property is located at 17066 Palmdale Ln Huntington Beach, CA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: $4,000,000 asking price for this owner-user industrial property.; 3,200 square feet of rentable warehouse space in a 28,000 square foot lot.; Located in Huntington Beach, CA, in an Opportunity Zone, near the 405 freeway and beach.
    Request Owner's contact information
    17066 Palmdale Ln Huntington Beach, CA 92647
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17066 Palmdale Ln Huntington Beach, CA 92647
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