Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    450 Palmdale Blvd Palmdale, CA 93551

    Sponsored
    For Sale
    $9,200,000

    Mixed-use medical & retail investment. High NOI.

    Property size:
    25,306 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Challenger Business Park, a mixed-use property ideally situated at 450 W Palmdale Blvd, Palmdale, CA 93551. Comprising two single-story buildings totaling 25,306 square feet on a 2.2-acre lot, this property boasts a strong tenant roster of seven businesses, achieving an 87.5% occupancy rate. The property features 24,665 net rentable square feet, currently generating a Net Operating Income (NOI) of $480,351, with a projected pro-forma NOI of $540,351, resulting in a 5.22% cap rate and a pro-forma cap rate of 5.87%. The asking price is $9,200,000, translating to a price per square foot of $363.55. Built in 2009, the property is zoned PDCPD and benefits from a ground lease expiring March 31, 2061. This Net Lease (NNN) investment is structured as a multi-tenant operation, offering a compelling opportunity for 1031 exchange buyers. Its strategic location in Palmdale provides easy access to major highways, public transportation, and key business and hospital districts, including proximity to Palmdale Regional Hospital. The property's high visibility ensures strong foot traffic and excellent exposure. The property is owned by an LLC. This is a rare opportunity to acquire a well-positioned, income-producing asset with long-term tenants in a thriving California market.

    Property Features for 450 Palmdale Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    25,306 SF
    Lot Size
    95,832 SF

    Building Details

    Year Built
    2009
    Buildings
    2
    Stories
    1
    Units
    7

    HighLights

    • Excellent proximity to Palmdale Regional Hospital.
    • Convenient freeway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taylor Alan B ... Dentist Absolute Dental Care Dentist Progressive Physical Therapy Physical Therapy Clinic Tessie Cleveland Community ... Mental Health Service Palmdale Towing Services Towing Service

    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
    -118.1379148
    Latitude
    34.5825709

    Nearby Similar for Sale

    • New
      $1,550,000
      5,626 SF

      Turnkey Palmdale Investment Property

      Fully remodeled four-unit property generating over $146,000 annually.
      38605 E 25Th St East, Palmdale, CA 93550
      View Details
    • $1,449,900
      13,100 SF

      Palmdale Office Building Investment

      Three office buildings on a single lot, great investment opportunity.
      1309 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • New
      $315,000
      Pending

      Palmdale Retail Investment Opportunity

      Versatile retail property in Palmdale with secured rear area.
      38200 E 6Th St, Palmdale, CA 93550
      View Details
    • New
      $315,000
      Pending

      Palmdale Commercial Space For Sale

      Versatile 1,517 sq ft retail space in Palmdale, CA.
      38200 6Th St E, Palmdale, CA 93550
      View Details
    • $175,000
      2.59 Acres

      Palmdale Land with Living Quarters

      Land featuring a unique container home near Lake Angeles.
      190 Avenue, Palmdale, CA 93591
      View Details
    • $3,445,000
      33,124 SF

      Palmdale Office Building For Sale

      Value-add office investment opportunity in Palmdale, California.
      3166 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $649,000
      Pending

      Palmdale Retail Opportunity on Corner

      Retail building with flexible leases, redevelopment potential, and high visibility.
      38463 9Th St E, Palmdale, CA 93550
      View Details
    • $85,000
      3,000 SF

      Established Auto Transmission Service Center

      Operating auto transmission service center for sale in Palmdale, CA.
      38950 E 30Th St, Palmdale, CA 93550
      View Details
    • $119,000
      Pending

      Palmdale Neighborhood Commercial Property

      Neighborhood Commercial property suitable for various businesses, Palmdale, CA.
      000 6Th St, Palmdale, CA 93550
      View Details
    • $140,000
      890 SF

      Palmdale Restaurant Opportunity For Sale

      Established restaurant in Antelope Valley Mall food court area.
      1233 W Rancho Vista Blvd, Palmdale, CA 93551
      View Details
    • $300,000
      4,000 SF

      Established Palmdale Nightclub & Restaurant

      Turnkey restaurant and nightclub venue in a high-traffic Palmdale location.
      232 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $950,000
      1,500 SF

      Established Glass Business Opportunity

      Reputable glass business serving residential and commercial clients since 2000.
      39450 E 3Rd St, Palmdale, CA 93550
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Mixed-use medical & retail investment. High NOI.
    Where is this lifestyle center located?
    The property is located at 450 Palmdale Blvd Palmdale, CA.
    What is the asking price?
    The asking price for this property is $9,200,000.
    What are key features of this property?
    This property features: Excellent proximity to Palmdale Regional Hospital.; Convenient freeway access.;
    Request Owner's contact information
    450 Palmdale Blvd Palmdale, CA 93551
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    450 Palmdale Blvd
    Palmdale, CA 93551
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    450 Palmdale Blvd Palmdale, CA 93551
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.