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    Property profile & analytics

    3166 Palmdale Blvd Palmdale, CA 93550-5037

    • Office buildings
    • 33,124 SF
    • 1.72 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2024
    $2,970,000
    Value Estimations
    $2,970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6496711
    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

    • Vida Crown Dental Lab / Dental Office
    • Joe's Professional Tax Service / Accounting Firm / Tax Preparation
    • C-Cat Computers / Computer & Electronic Repair
    • The Professional Plaza / Medical Clinic
    • Pure Hearts R Us / Financial Advisor

    Property Details for 3166 Palmdale Blvd

    Year built
    1990
    Construction
    WOOD
    Lot size
    1.72 lot acres
    Property size
    33,124 SF
    Zone code
    PDC3*
    Property type
    Office buildings
    APN
    3020-004-091
    APU
    3020004091

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,970,000
      ML approach
      $2,970,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,596,000
      Market price range: $3.60M - $9.27M
      AI Estimate
      $2,491,000
      Market price range: $1.75M - $7.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.072
    Latitude
    34.5796
    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
    $51,937
    $464,232
    $1,798,906
    $2,263,138
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,310,000
      13,577 SF

      950 Palmdale Blvd

      OFFICE BUILDING • 13,577 SF
      950 Palmdale Blvd, Palmdale, CA 93550-4712
      View Details
    • Value Estimation
      $2,220,000
      13,100 SF

      1309 Palmdale Blvd

      OFFICE BUILDING • 13,100 SF
      1309 Palmdale Blvd, Palmdale, CA 93550
      View Details
    • Value Estimation by Request
      1,368 SF

      38144 6th E St

      OFFICE BUILDING • 1,368 SF
      38144 6th E St, Palmdale, CA 93550-4633
      View Details
    • Value Estimation by Request
      2,736 SF

      235 Palmdale Blvd

      OFFICE BUILDING • 2,736 SF
      235 Palmdale Blvd, Palmdale, CA 93550-4548
      View Details
    • Value Estimation
      $750,000
      3,700 SF

      313 Palmdale Blvd

      OFFICE BUILDING • 3,700 SF
      313 Palmdale Blvd, Palmdale, CA 93550-4575
      View Details
    • Value Estimation
      $785,000
      2,766 SF

      473 Palmdale Blvd

      OFFICE BUILDING • 2,766 SF
      473 Palmdale Blvd, Palmdale, CA 93550-4518
      View Details

    Similar Nearby for Sale

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      Renovated Office Building in Palmdale

      Newly renovated office building in Palmdale's prime commercial corridor.
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    • $180,000
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      Palmdale Land with Development Potential

      Two adjacent parcels totaling 43,449 sq ft in Palmdale, CA.
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      5,518 SF

      Palmdale Boulevard Office Space

      5,518 SF office space available for purchase.
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    • $1,449,900
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      Palmdale Office Building Investment

      Three office buildings on a single lot, great investment opportunity.
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      View Details
    • $1,100,000
      Pending

      Palmdale Freestanding Office Building

      Freestanding office building with frontage on Palmdale Boulevard.
      921 East Palmdale Blvd, Palmdale, CA 93550
      View Details
    • Contact for pricing
      3,500 SF

      Palmdale Freestanding Commercial Building

      Well-maintained commercial building in Palmdale, ideal for owner-users or investors.
      38423 9Th St E, Palmdale, CA 93550
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Suburban Office Complex For Rent

      Two-story office complex with modern glass façade and landscaping.
      39959 Sierra Hwy, Palmdale, CA 93550
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    • $550 /Mo
      1,100 SF

      Palmdale Office Space For Rent

      Office space for rent in Palmdale shopping center.
      533 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
    • $450 /Mo
      1,000 SF

      Office Space in Palmdale Center

      Desk for rent in Palmdale shopping center, internet included.
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      View Details
    • Contact for pricing

      Prime Commercial Space in Palmdale

      Well-positioned commercial property in Palmdale's expanding business district.
      38463 9Th St E, Palmdale, CA 93550
      View Details
    • Contact for pricing
      135,895 SF

      New Industrial Distribution Park

      State-of-the-art industrial/distribution park with direct highway access.
      E Avenue M, Palmdale, CA 93550
      View Details
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    Palmdale, CA 93550-5037
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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
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