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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37922 Sierra Hwy Palmdale, CA 93550-5374

    • Auto shops
    • 8,000 SF
    • 1.23 lot acres
    OFF-MARKET
    Last Sale
    Apr 03, 2025
    $1,560,000
    Value Estimations
    $2,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0111097
    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

    • McCormick Diesel & Brake / Brake Shop
    • Fleet Care Truck Service Center / Truck Repair Shop

    Property Details for 37922 Sierra Hwy

    Year built
    1981
    Lot size
    1.23 lot acres
    Property size
    8,000 SF
    Zone code
    PDM2*
    Property type
    Auto shops
    APN
    3010-024-033
    APU
    3010024033

    Description

    This 8,000-square-foot industrial building in Palmdale, CA, sits on a 3.22-acre lot with 356 feet of Sierra Highway frontage and two curb cuts. The single-story, Class B building, constructed in 1981, features 20-foot ceilings, six 16' x 14' grade-level doors, and a 400-amp, 3-phase, 4-wire electrical panel. The property includes a front office area with an open showroom, four private offices, and three restrooms. A separate parts room with a 10' x 10' grade-level door and loft storage is also available. The fenced and partially paved lot offers ample space for expansion or outdoor storage. Located in an Opportunity Zone with HI (Heavy Industrial) zoning, this property provides excellent visibility and convenient access to major highways and transportation routes. The asking price is $1,500,000, translating to $187.50 per square foot. The property's APN is 3010-024-033 & 034. This is a single-tenant, owner-user, value-add investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,245,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,750,000
      Current use
      MEDICAL BUILDING
      $3,635,000
      Change: +108% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,470,000
      Change: +41% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,350,000
      Change: +35% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,655,000
      Change: -5% Conversion: Easy
      OFFICE BUILDING
      $1,565,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.115
    Latitude
    34.5712
    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
    $11,301
    $206,813
    $406,247
    $613,060
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $450,000
      10,634 SF

      3084 Palmdale Blvd

      AUTO REPAIR, GARAGE • 10,634 SF
      3084 Palmdale Blvd, Palmdale, CA 93550-1800
      View Details
    • Value Estimation
      $330,000
      3,057 SF

      202 Palmdale Blvd

      AUTO REPAIR, GARAGE • 3,057 SF
      202 Palmdale Blvd, Palmdale, CA 93550-4515
      View Details
    • Value Estimation
      $460,000
      16,076 SF

      2635 Palmdale Blvd

      AUTO REPAIR, GARAGE • 16,076 SF
      2635 Palmdale Blvd, Palmdale, CA 93550-4900
      View Details
    • Value Estimation
      $570,000
      3,456 SF

      37839 Sierra Hwy

      AUTO REPAIR, GARAGE • 3,456 SF
      37839 Sierra Hwy, Palmdale, CA 93550-5373
      View Details
    • Value Estimation
      $350,000
      4,740 SF

      1516 Palmdale Blvd

      AUTO REPAIR, GARAGE • 4,740 SF
      1516 Palmdale Blvd, Palmdale, CA 93550-2020
      View Details
    • Value Estimation
      $1,325,000
      9,915 SF

      1540 Palmdale Blvd

      AUTO REPAIR, GARAGE • 9,915 SF
      1540 Palmdale Blvd, Palmdale, CA 93550-2027
      View Details

    Similar Nearby for Sale

    • $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
    • $659,900

      Palmdale Commercial Building For Sale

      Commercial building with additional lot, currently a tire shop.
      38426 12Th St E, Palmdale, CA 93550
      View Details
    • $2,620,000
      7,600 SF

      Palmdale Retail Investment

      7,600 SF Net Lease, 5.22% Cap Rate
      1703 Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $3,569,000
      24,695 SF

      Palmdale Retail Investment Opportunity

      24,695 SF retail property in Palmdale, CA for sale.
      2101 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $315,000
      Pending

      Palmdale Commercial Space For Sale

      Versatile 1,517 sq ft retail space in Palmdale, CA.
      38200 6Th St E, Palmdale, CA 93550
      View Details
    • $315,000
      Pending

      Palmdale Retail Investment Opportunity

      Versatile retail property in Palmdale with secured rear area.
      38200 E 6Th St, Palmdale, CA 93550
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Palmdale Automotive Shop For Lease

      Automotive shop with bays, lifts, and office space.
      2603 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $2 SF/Yr
      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
    • $21 SF/Yr
      34,319 SF

      Palmdale Place Commerce Center

      High-traffic Palmdale retail/office
      2231 Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $450 /Mo
      1,000 SF

      Office Space in Palmdale Center

      Desk for rent in Palmdale shopping center, internet included.
      533 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $18 SF/Yr
      6,397 SF

      Palm Plaza Office Space in Palmdale

      Prime Palmdale office space, multiple units available.
      2501 Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $2 SF/Yr
      1,196 SF

      Palmdale Office Space Available

      Move-in ready office spaces in a prominent Palmdale building.
      1529 E Palmdale Blvd, 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.
    37922 Sierra Hwy
    Palmdale, CA 93550-5374
    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.