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    10th W & Ave Palmdale, CA 93551

    Sponsored
    For Sale
    $629,500

    Palmdale development site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.45-acre commercial land parcel presents a prime development opportunity in Palmdale, California. Located at the prominent corner of 10th Street West and Avenue M-4, this property offers unparalleled visibility and accessibility. Situated at the entrance to Sierra Business Park, the site benefits from high traffic counts, with 10th Street West boasting an average daily traffic volume of 25,800 vehicles. The property consists of two separate lots (APN: 3111-016-001-3111-016-002), zoned for Office Flex use, and previously approved for two 6,300 square foot medical/professional office buildings. A significant advantage is the presence of an existing two-inch water meter on the site, simplifying infrastructure development. The location is further enhanced by the proximity of a new, large-scale Trader Joe's food assembly and distribution facility under construction across the street. This 1.03 million square foot project is anticipated to generate 800-1,000 new jobs, significantly boosting the area's economic activity. All utilities are available, making this a truly turnkey development opportunity. The asking price is $629,500, with a land value of $9.96 per square foot. This property represents a compelling investment in a rapidly growing area of Los Angeles County.

    Property Features for 10th W & Ave

    General Information

    Property type
    Land
    Lot Size
    63,162 SF

    HighLights

    • High‑traffic 10th St West frontage with 25,800 ADT.
    • Prominent corner lot at the entrance to Sierra Business Park.
    • Full utility availability.
    • Existing 2" water meter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.14780820893
    Latitude
    34.642371224376

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    FAQs

    What type of property is this?
    Land - Palmdale development site, high visibility.
    Where is this land located?
    The property is located at 10th W & Ave Palmdale, CA.
    What is the asking price?
    The asking price for this property is $629,500.
    What are key features of this property?
    This property features: High-traffic 10th St West frontage with 25,800 ADT.; Prominent corner lot at the entrance to Sierra Business Park.; Full utility availability.
    (661) 948-2644
    Request Owner's contact information
    10th W & Ave Palmdale, CA 93551
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    Realmo Value Estimation

    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.

    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.

    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
    10th W & Ave Palmdale, CA 93551
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