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    U Vac Cor Ave Lake Los Angeles, CA 93591

    Sponsored
    For Sale
    Contact for pricing

    105 Acres, 5 Lots Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 105.08-acre parcel presents a unique investment opportunity in the desirable Palmdale, California area. Located on Corner Avenue U, this agricultural-zoned land offers significant potential for a variety of uses, including farming and ranching. The property's expansive size allows for substantial development, catering to investors seeking large-scale projects. Its convenient Palmdale location provides easy access to amenities and infrastructure, further enhancing its appeal. The property is divided into five available lots, providing flexibility for buyers to purchase one or all. This versatile land is ideally suited for those seeking to capitalize on the growth potential of this untapped area. The property's agricultural zoning ensures a clear path for various land-based ventures, making it an attractive option for both experienced and emerging investors. The APN is 3032-005-018. Situated in Los Angeles County, with a Palmdale address and 93591 zip code, this property offers a strategic location for agricultural pursuits. Its proximity to existing infrastructure and amenities makes it a practical and attractive investment. The potential for future growth and expansion makes this a compelling opportunity for long-term investment. Don't miss this chance to acquire a substantial piece of agricultural land in a thriving California location.

    Property Features for U Vac Cor Ave

    General Information

    Property type
    Farms
    Lot Size
    4,577,285 SF

    We can help!

    Listing Contact
    Maria Ingle
    Maria Ingle

    Learn more

    HighLights

    • Ag zoned.
    • Excellent for farming/ranching operations.
    • Large acreage with development potential.
    • Prime Palmdale location.
    • Strong land investment opportunity.
    • Near amenities & infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -117.8194197
    Latitude
    34.5925622

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    FAQs

    What type of property is this?
    Farm - 105 Acres, 5 Lots Available
    Where is this farm located?
    The property is located at U Vac Cor Ave Lake Los Angeles, CA.
    What are key features of this property?
    This property features: Ag zoned.; Excellent for farming/ranching operations.; Large acreage with development potential.
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    U Vac Cor Ave Lake Los Angeles, CA 93591
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    Lake Los Angeles, CA 93591
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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
    U Vac Cor Ave Lake Los Angeles, CA 93591
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    We can help!
    Listing Contact
    Maria Ingle
    Maria Ingle
    Real Estate License ID: CA 02103925
    Learn more
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