Property profile

38262 6Th St E Palmdale, CA 93550

FOR SALE
Retail space
Property ID
US09-8783834
3,228 SF 0.16 ac lot Built 1955
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity is located on a highly desirable commercial corridor in Palmdale, California. The property features a 3,228 square foot retail building comprised of four independently metered units, providing flexibility and potential for diverse tenant occupancy. The 0.16-acre lot (approximately 7,000 square feet) offers ample on-site parking, ensuring convenient loading and unloading for tenants and customers. Recent upgrades include the installation of energy-efficient mini-split air conditioners in each unit, contributing to lower operating costs and enhanced tenant comfort. The property's numerous upgrades translate into a high-yielding, low-maintenance investment, minimizing ongoing expenses for the new owner. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio. The property's prime location and modern amenities make it an attractive proposition for a variety of retail businesses. The independently metered units allow for efficient utility management and potential for increased rental income. The ample parking significantly enhances the property's appeal to both tenants and customers. This turnkey investment is ready for immediate occupancy and offers a strong return on investment. Don't miss this chance to acquire a valuable commercial property in a thriving Palmdale location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Construction WOOD
Total area 3,228 SF
Lot 0.16 ac (6,983 SF)
Zoning code PDM1*
APN 3009-013-010
UPID US09-8783834

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
  • Accounting Firm Tax Preparation

Location

38262 6Th St E Palmdale, CA 93550
Palmdale metro Census 910405 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2024
Last sale
$375,000
3 recorded transactions
2024
Price N/A
2015
Price N/A
2015
$375,000

Zoning & alternative use

PDM1* · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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