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Property profile

1041 Rancho Vis Blvd Palmdale, CA 93551

OFF-MARKET
Super regional malls
Property ID
US09-8722986
View Sample
8,383 SF 1.12 ac lot Built 1992
Individually Owned 2-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 8,383-square-foot free-standing building presents a remarkable opportunity for restaurant or retail businesses seeking a prominent location in Palmdale, California. Situated on a spacious 1.12-acre lot, the property boasts ample space for expansion, outdoor seating, or additional parking. Built in 1992, the single-story structure is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. The property's address is 1041 W Rancho Vista Blvd, Palmdale, CA 93551. The building features no elevators, making it ideal for single-level operations. The property's size and location make it highly visible and easily accessible to customers. With a total building square footage of 8,383 square feet and no existing tenants, this property offers immediate occupancy. The ample land area provides significant flexibility for future development or expansion. The property's APN is 3005-038-039. This is a rare opportunity to acquire a substantial commercial property in a thriving area of Palmdale. The property's previous use as a Red Lobster restaurant speaks to its suitability for a similar concept or a variety of other retail or restaurant businesses. The property is ready for immediate occupancy and offers significant potential for a discerning investor or business owner.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1992
Construction WOOD
Total area 8,383 SF
Lot 1.12 ac (48,828 SF)
Zoning code PDRA
APN 3005-038-039
UPID US09-8722986

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.12M
CAP Approach CAP
$2.54M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.12M

Owner & transaction history

since 2024
Last sale
$4.1M
6 recorded transactions
2024
Price N/A
2017
$4.1M
2015
$2.9M
2014
$3.2M
2009
Price N/A
1991
$68,136

Zoning & alternative use

PDRA · Palmdale, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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