Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    38110 5th E St Palmdale, CA 93550-2316
    Back to Search
    Property profile & analytics

    38110 5th E St, Palmdale, CA 93550-2316

    View on Map
    • Parking lots & garages
    • 8,000 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US09-8632166
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shadow Springs / Apartment Complex
    • gaspo, inc / Construction Company

    Property Details for 38110 5th E St

    Year built
    1985
    Lot size
    0.46 lot acres
    Zone code
    PDR3*
    Property type
    Parking lots & garages
    APN
    3009-011-026
    APU
    3009011026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2009 — 38110 5th Street INC 38110 5th Street LLC Quit Claim Deed —
    Nov 20, 2002 — 38110 5th Street LLC — Deed Of Trust · related $3.5M · Ubs Warburg Real Estate Inv
    Feb 8, 1999 $780,000 H K Realty INC Aliniazee,mohammad T Grant Deed · related $440k · Individual
    Jul 30, 1993 — California Federal Bank First Trust Of C Grant Deed · related —
    Jul 7, 1992 — Bankers Trust Company Of — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.12
    Latitude
    34.574
    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
    $878
    $39,948
    $1,522
    $41,470
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.02 Acres

      Palmdale, CA 93550

      PARKING LOT
      Palmdale, CA 93550
      View Details
    • Value Estimation
      $1,605,000
      10,987 SF

      1037 Palmdale Blvd

      PARKING LOT
      1037 Palmdale Blvd, Palmdale, CA 93550-4745
      View Details
    • Value Estimation
      $1,895,000
      231,000 SF

      Palmdale, CA 93550

      PARKING LOT
      Palmdale, CA 93550
      View Details
    • Value Estimation by Request
      18,381 SF

      Palmdale Blvd Vic 2nd St St

      PARKING LOT
      Palmdale Blvd Vic 2nd St St, Palmdale, CA 93550
      View Details
    • Value Estimation
      $640,000
      20,410 SF

      1703 Palmdale Blvd, Unit 1823

      PARKING LOT
      1703 Palmdale Blvd, Palmdale, CA 93550-2035
      View Details
    • Value Estimation by Request
      5,000 SF

      2005 Palmdale Blvd

      PARKING LOT
      2005 Palmdale Blvd, Palmdale, CA 93550-4036
      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
    • Contact for pricing
      92,073 SF

      Palmdale Shopping Center For Sale

      93% occupied shopping center with internet-resistant tenants.
      2200 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $315,000
      Pending

      Versatile Commercial Space in Palmdale

      1,517 sq ft Palmdale property ideal for various ventures.
      38200 E 6Th St, 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
    • $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
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,878 to 3,200 SqFt.
      2007 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Retail Spaces on Palmdale Boulevard

      Retail spaces available in a high-traffic location.
      2553 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.
    38110 5th E St
    Palmdale, CA 93550-2316
    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
    38110 5th E St, 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!