Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2603 Palmdale Blvd Palmdale, CA 93550-4945
    Back to Search
    Property profile & analytics

    2603 Palmdale Blvd, Palmdale, CA 93550-4945

    View on Map
    • Parking lots & garages
    • 15,000 SF
    • 0.99 lot acres
    Off-Market
    Last Sale Jun 10, 2025
    $5,200,000
    Property ID
    US10-0118878
    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.
    Value Estimations
    $5,140,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ROYAL HAND CARWASH in Palmdale, Car Registration Services Palmdale / Car Wash
    • OM Wireless LLC / Electronics & Wireless Store / Mobile Phone Store

    Property Details for 2603 Palmdale Blvd

    Year built
    1992
    Construction
    TILT-UP CONCRETE
    Lot size
    0.99 lot acres
    Zone code
    PDC3
    Property type
    Parking lots & garages
    APN
    3018-025-015
    APU
    3018025015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2025 $5,200,000 Blvd Service Center LLC Network Trading Limited Partnership Grant Deed $3.4M · Tri Counties Bank
    May 1, 2020 — Network Trading LP — Deed · related $3M · Kinecta FCU
    Aug 23, 2018 — Network Trading LP — Grant Deed · related $2.6M · Kinecta FCU
    Apr 30, 1999 — Network Trading LP — Deed Of Trust · related $1.4M · Highland Federal Bank
    Dec 17, 1993 $375,000 Elite Group Of Companies INC — Grant Deed · related —
    Sep 17, 1991 — Ahar Mengelgrein — Grant Deed · related $2.5M · National Bank Southern Ca
    Mar 14, 1990 $1,300,000 Aharon Menglegrein Unknown Grant Deed —
    Nov 8, 1989 $1,500,000 A P26 Datz Grant Deed $600k · Bank Leumi Le-israel
    — — Network Trading LP — Deed Of Trust · related $1.3M · Jackson Federal Bank
    — — Network Trading LP — Deed Of Trust · related $2.6M · Kinecta FCU
    — — Network Trading LP — Deed Of Trust · related $3M · Kinecta FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $7,620,000
      Current use
      MEDICAL BUILDING
      $6,820,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.082
    Latitude
    34.5807
    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
    $15,132
    $319,340
    $798,378
    $1,117,718
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      2005 Palmdale Blvd

      PARKING LOT
      2005 Palmdale Blvd, Palmdale, CA 93550-4036
      View Details
    • Value Estimation by Request
      8,000 SF

      38110 5th E St

      PARKING LOT
      38110 5th E St, Palmdale, CA 93550-2316
      View Details
    • Value Estimation by Request
      1.63 Acres

      Palmdale, CA 93550

      PARKING LOT
      Palmdale, CA 93550
      View Details
    • Value Estimation
      $710,000
      60,000 SF

      30th Ste Ave 14th Ste Ste Vic

      PARKING LOT
      30th Ste Ave 14th Ste Ste Vic, Palmdale, CA 93550
      View Details
    • Value Estimation by Request
      0.07 Acres

      9th Vic Ave Ste

      PARKING LOT
      9th Vic Ave Ste, Palmdale, CA 93550
      View Details
    • Value Estimation by Request
      29,500 SF

      21st Ave Ste Q

      PARKING LOT
      21st Ave Ste Q, Palmdale, CA 93550
      View Details

    Similar Nearby for Sale

    • $180,000
      1.00 Acre

      Palmdale Land with Development Potential

      Two adjacent parcels totaling 43,449 sq ft in Palmdale, CA.
      Sierra Hwy, 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
    • $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
    • $567,000

      Palmdale Mixed-Use Investment Opportunity

      Mixed-use property with income potential in a prime location.
      38262 6Th St E, Palmdale, CA 93550
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Palmdale Auto Body Shop Lease

      4,800 SF auto body property for lease in Palmdale.
      39006 20Th St E, Palmdale, CA 93550
      View Details
    • $29 SF/Yr

      202 E Palmdale Blvd

      6-Bay Auto Shop Next to In-N-Out 202 E Palmdale Blvd
      202 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $1.00 SF/Yr

      SIERRA HIGHWAY BUSINESS PLAZA FOR OFFICES, FLEX

      Sierra Highway Plaza
      190 Sierra Ct, Palmdale, CA 93550
      View Details
    • $1,700 /Mo
      2,280 SF

      Versatile Commercial Space in Palmdale

      Flexible commercial units available for rent in Palmdale, CA.
      38128 6Th St, Palmdale, CA 93550
      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.
    2603 Palmdale Blvd
    Palmdale, CA 93550-4945
    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

    Thank You for Inquiry
    2603 Palmdale Blvd, Palmdale, CA, 93550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!