Property profile

2531 Olive Dr Palmdale, CA 93550

OFF-MARKET
Retail space
Property ID
US09-9974759
12,470 SF 2.45 ac lot Built 2007
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial office unit located at the intersection of 25th Street East and East Avenue S in Palmdale, California, within a shopping center. The unit comprises approximately 950 square feet and includes an entry area, a conference room, a private office, a large open space, a bathroom, and a storage area. The shopping center is situated on a 2.45-acre lot and totals approximately 12,470 square feet, and it is zoned PDSP. The center is part of a mixed-use retail and service environment, with neighboring businesses including a real estate office, hair salon, car wash, tire shop, smoke shop, and a fast food restaurant, and nearby businesses such as Starbucks, 7-Eleven, and Jiffy Lube.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction WOOD
Total area 12,470 SF
Lot 2.45 ac (106,791 SF)
Zoning code PDSP
APN 3053-041-448
UPID US09-9974759

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
  • Real Estate Agency
  • Take-out & Catering
  • Bank Credit Union
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

2531 Olive Dr Palmdale, CA 93550-1036
Palmdale metro Census 910715 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$2.32M

Owner & transaction history

since 2006
3 recorded transactions
2011
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

PDSP · Palmdale, CA
Top alternative use upside
Commercial (general) $3.9M +62.0%
Warehouse, storage $3.7M +54.1%
Auto repair, garage $2.7M +14.6%

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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