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    120 Palmdale Blvd Palmdale, CA 93551

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    29 Acres, Prime Palmdale Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 29.2-acre parcel presents a remarkable commercial and residential development opportunity in the heart of Palmdale, California. Strategically located at 120 W Palmdale Blvd, this property boasts over 1,260 feet of frontage along the Antelope Valley Freeway (CA Hwy 14) off-ramp, providing unparalleled visibility and accessibility. Zoned Regional Commercial, the land allows for diverse uses including hotel, retail, office, automotive, multifamily residential, and entertainment developments. Palmdale's robust growth, fueled by the expanding aerospace industry (Northrup Grumman, Lockheed, Boeing, General Atomics, and NASA), projects a 35.8% job increase over the next decade. This site benefits from its proximity to a newly constructed neighborhood of single-family homes, the Antelope Valley Mall (over 2,000,000 square feet of retail), and the recently opened Palmdale Regional Medical Center (less than one mile away). The property's central location between downtown Palmdale and the medical center, combined with its easy access to the San Fernando and Santa Clarita Valleys and downtown Los Angeles (within an hour's drive), makes it an ideal investment for developers seeking significant returns. The APN numbers are 3009-026-004, 3009-026-005, 3009-026-011, and 3009-026-012. This unencumbered site offers substantial potential for long-term growth and profitability in a thriving Los Angeles County market.

    Property Features for 120 Palmdale Blvd

    General Information

    Property type
    Land
    Lot Size
    1,271,952 SF

    We can help!

    Listing Contact
    Sam Alison
    Sam Alison

    Learn more

    Property Insight Report

    HighLights

    • Excellent land investment and development opportunity in North Los Angeles County.
    • Large development site at a major freeway interchange in North LA County with zoning allowing multiple uses.
    • Over 1,260 feet of frontage on the Antelope Valley Freeway (CA Hwy 14) off‑ramp, centrally located between Downtown Palmdale and Palmdale Regional Medical Center.
    • Strong regional employment growth driven by aerospace industry expansion at USAF Plant 42 (Northrup Grumman, Lockheed, Boeing, General Atomics, and NASA), creating thousands of direct and support jobs beyond 2025.
    • Recent completion of a 208,000 SF Lockheed Martin advanced manufacturing facility demonstrates ongoing commitment to the region.
    Property Profile Location Intelligence

    Current Use by Public Records

    TNT Fireworks Fireworks Store

    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
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.1306005
    Latitude
    34.57946

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    FAQs

    What type of property is this?
    Land - 29 Acres, Prime Palmdale Location
    Where is this land located?
    The property is located at 120 Palmdale Blvd Palmdale, CA.
    What are key features of this property?
    This property features: Excellent land investment and development opportunity in North Los Angeles County.; Large development site at a major freeway interchange in North LA County with zoning allowing multiple uses.; Over 1,260 feet of frontage on the Antelope Valley Freeway (CA Hwy 14) off-ramp, centrally located between Downtown Palmdale and Palmdale Regional Medical Center.
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    120 Palmdale Blvd Palmdale, CA 93551
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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
    120 Palmdale Blvd Palmdale, CA 93551
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    We can help!
    Listing Contact
    Sam Alison
    Sam Alison
    Real Estate License ID: CA 01167124
    Learn more
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