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Property profile & analytics
OFF-MARKET Estimated value $8,095,000
Grocery and convenience stores

38360 20th E St Palmdale, CA 93550-4932

74,484 SF 3.06 ac lot Built 1993
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US09-9956497
Property summary
AI-generated overview

This exceptional 22,128-square-foot retail property is located at 38360-B 20th Street East in Palmdale, California, 93550. Situated in Los Angeles County, this single-tenant space offers a prime location with excellent visibility and accessibility. The property enjoys a strategic position near the intersection of East Palmdale Boulevard and 20th Street East, providing convenient access for customers. Its proximity to the Palmdale Civic Center and Palmdale High School ensures high foot traffic and a strong local customer base. The surrounding area boasts a vibrant retail landscape, with established businesses such as Superior Grocers, Crunch Fitness, Goodwill, Harbor Freight, and Carl's Jr. nearby, creating a synergistic environment for retail success. This property presents a unique opportunity for businesses seeking a well-located, substantial retail space in a thriving community. The building's total square footage is 22,128 square feet, offering ample space for a variety of retail operations. This is a single-tenant property, providing the occupant with complete control and flexibility. The property's location and surrounding amenities make it an ideal investment for businesses seeking to establish a strong presence in the Palmdale market. Interested parties are encouraged to inquire for further details and to explore the potential of this exceptional retail opportunity.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1993
Construction TILT-UP CONCRETE
Total area 74,484 SF
Lot 3.06 ac (133,505 SF)
Zoning code PDC3*
APN 3018-028-049
UPID US09-9956497
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
  • California DMV Now Kiosk Department Of Motor Vehicles Kiosk
  • Coinstar Kiosk | Bitcoin ATM Kiosk Atm
  • Ria Money Transfer - Superior Grocers Bank Credit Union
  • Wells Fargo ATM Atm
  • MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.33M
Blend (final) Blend
$8.10M
Owner & transaction history
Palmdale Investment Group LLC · 16 yrs held
Palmdale Investment Group LLC
since 2009
2 recorded transactions
2011
Price N/A
2009
$4.1M
Zoning & alternative use
PDC3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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