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    Property profile & analytics
    OFF-MARKET Estimated value $49,440,000
    Community centers

    38215 47th E St, Palmdale, CA 93552-3110

    101,172 SF 10.22 ac lot Built 2008
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-9413193
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Compact Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
    • Tool & Truck Rental Center at The Home Depot Rental Equipment Company
    • Plumbing Repair Service at Depot Plumbing Service General Contractor
    • Primo Water Exchange Big Box & Wholesale Store
    • Yale KeyExpress 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
    Hastings Ranch Shopping Center LP · 4 yrs held
    Hastings Ranch Shopping Center LP
    since 2022
    Last sale
    $56.8M
    4 recorded transactions
    2022
    $56.8M
    2017
    2013
    2012
    $38.1M
    Zoning & alternative use
    PDR1* · Palmdale, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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