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Property profile

38215 47th E St Palmdale, CA 93552

OFF-MARKET
Community centers
Property ID
US09-9413193
View Sample
101,172 SF 10.22 ac lot Built 2008
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

47th Street Pavilion offers exceptional retail space in Southeast Palmdale, ideally situated at the northwest corner of 47th Street East and East Avenue R. This prominent location boasts a signalized intersection and provides convenient access with six entry points from 47th Street East and East Avenue R, including one signalized entrance. The available space ranges from 1,317 to 9,163 square feet, perfect for a variety of retail businesses. This regional shopping center is established as the leading retail destination in East Palmdale, ensuring high visibility and significant foot traffic. The center benefits from a strong tenant mix, including well-known national brands such as IHOP, Bath & Body Works, Wells Fargo, Jersey Mike's, Yoshinoya, Starbucks, Burger King, El Pollo Loco, Jamba Juice, The UPS Store, and America's Tire. Furthermore, the center's proximity to a Super Target (the only one in the region), Home Depot, Ross Dress for Less, dd's Discounts, and PetSmart creates a powerful synergy and draws a substantial customer base. This opportunity presents a unique chance to establish a presence in a thriving retail environment with excellent visibility and a proven track record of success. The available space is part of a multiple-tenancy arrangement within Los Angeles County.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2008
Construction TILT-UP CONCRETE
Total area 101,172 SF
Lot 10.22 ac (444,979 SF)
Zoning code PDR1*
APN 3023-097-006
UPID US09-9413193

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
  • (Bike/Boat/Book/etc) Store Rental Equipment Company
  • Rental Equipment Company
  • Plumbing Service General Contractor
  • Big Box & Wholesale Store
  • Locksmith

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$30.61M
Comparable Approach Comparable
$65.97M
Blend (final) Blend
$49.44M

Owner & transaction history

since 2022
Last sale
$56.8M
4 recorded transactions
2022
$56.8M
2017
Price N/A
2013
Price N/A
2012
$38.1M

Zoning & alternative use

PDR1* · Palmdale, CA

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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