38463 9Th St E Palmdale, CA 93550
For Lease
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This exceptional 4,428 square foot commercial property, situated on a 0.11-acre lot at 38463 9th Street in the heart of Palmdale, CA, presents a compelling owner-user or investment opportunity. The building boasts a prime location just off a heavily trafficked thoroughfare, ensuring high visibility and accessibility. Currently, three tenants are operating under triple net (NNN) leases, providing a stable income stream. A corner unit is currently vacant, offering immediate potential for increased revenue through leasing or owner-occupancy. Significant improvements have recently been undertaken, enhancing the property's value and appeal. These upgrades include a complete electrical system overhaul, a new roof, a comprehensive security camera system, and fresh interior and exterior painting. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an attractive investment prospect with significant upside potential. The asking price is $860,000. This is a motivated seller situation, so serious inquiries are encouraged. Don't miss this chance to acquire a well-maintained, income-producing commercial property in a thriving Palmdale location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PDC3* · Palmdale, CAPalmdale. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.