Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    120 Palmdale Blvd Palmdale, CA 93551

    • Commercial land
    • 5,253 SF
    • 1.30 lot acres
    For Sale
    View listing
    Last Sale
    Jul 06, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8783820
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TNT Fireworks / Fireworks Store / Store

    Property Details for 120 Palmdale Blvd

    Year built
    1968
    Lot size
    1.30 lot acres
    Property size
    5,253 SF
    Zone code
    PDCPD*
    Property type
    Commercial land
    APN
    3009-026-004
    APU
    3009026004

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.13
    Latitude
    34.5794
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,665
    $195,429
    $0.00
    $195,429
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.46 Acres

      Palmdale, CA 93551

      VACANT COMMERCIAL LAND • 2.46 Acres
      Palmdale, CA 93551
      View Details
    • Value Estimation by Request
      0.14 Acres

      Palmdale, CA 93551

      VACANT COMMERCIAL LAND • 0.14 Acres
      Palmdale, CA 93551
      View Details
    • Value Estimation by Request
      5.00 Acres

      Palmdale, CA 93551

      VACANT COMMERCIAL LAND • 5.00 Acres
      Palmdale, CA 93551
      View Details
    • Value Estimation by Request
      2.51 Acres

      7th Stw Vic Ave

      VACANT COMMERCIAL LAND • 2.51 Acres
      7th Stw Vic Ave, Palmdale, CA 93551
      View Details
    • Value Estimation by Request
      7.32 Acres

      Vic Ave P Fairway Dr

      VACANT COMMERCIAL LAND • 7.32 Acres
      Vic Ave P Fairway Dr, Palmdale, CA 93551
      View Details
    • Value Estimation by Request
      1.21 Acres

      Ave 4th Vic, Unit 5

      VACANT COMMERCIAL LAND • 1.21 Acres
      Ave 4th Vic, Palmdale, CA 93551
      View Details

    Similar Nearby for Sale

    • $75,000

      Land on Elizabeth Lake Road

      Land with views, great access to major routes.
      90th Elizabeth Lake Rd, Palmdale, CA 93551
      View Details
    • $60,000
      217,800.00 Acres

      Affordable Land in Palmdale, CA

      Level 5-acre land suitable for various uses, LCA2 zoned.
      157 Avenue U W, Palmdale, CA 93551
      View Details
    • Contact for pricing

      Leona Valley Land Investment Opportunity

      4.91-acre parcel near Leona Valley, ideal for future development.
      3224-033-012 Munz Rch Rd, Leona Valley, CA 93551
      View Details
    • $115,000

      Palmdale Light Industrial Land Parcel

      Light industrial land parcel in central Palmdale, near Fwy 14.
      2nd West On Ave, Palmdale, CA 93551
      View Details
    • New
      $175,000
      8.88 Acres

      Leona Valley Land Opportunity

      8.88 acres of land in Leona Valley, California.
      Rogers Ck Bouqet Cyn Rd/Vic, Leona Valley, CA 93551
      View Details
    • $109,500

      Palmdale Land Investment Opportunity

      Land for sale in Palmdale, great investment opportunity.
      Palmdale Ca 93551 St, Palmdale, CA 93551
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Palmdale Commercial Land Opportunity

      Prime 2.95-acre commercial lot.
      525 Avenue, Palmdale, CA 93551
      View Details
    • Contact for pricing
      178,596 SF

      Palmdale Retail Land Opportunity

      Prime Palmdale retail land, multiple spaces.
      1233 Rancho Vista Blvd, Palmdale, CA 93551
      View Details
    • Contact for pricing
      27,826 SF

      West Palmdale Plaza Medical Offices

      Palmdale medical suites for lease.
      520 Palmdale Blvd, Palmdale, CA 93551
      View Details
    • Contact for pricing
      59,577 SF

      Palmdale Office Space Available

      Office suites available for lease in Palmdale, California.
      38660 Medical Center Dr, Palmdale, CA 93551
      View Details
    • $3 SF/Yr
      1,235 SF

      Palmdale Office Space For Rent

      Office space in a well-located Palmdale plaza.
      853 Auto Center Dr, Palmdale, CA 93551
      View Details
    • $1,400 /Mo
      7,248 SF

      Freeway Business Plaza For Lease

      Freeway Business Plaza For Lease
      41250 12th St West #E-1, Palmdale, CA 93551
      View Details
    Request Owner's contact information
    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.
    120 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 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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.