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Property profile & analytics
FOR LEASE
Retail space

38463 9Th St E Palmdale, CA 93550

4,428 SF 0.11 ac lot Built 1957
Trust Owned Absentee Owner Free & Clear
Property ID
US09-7790757
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Construction TILT-UP CONCRETE
Total area 4,428 SF
Lot 0.11 ac (4,971 SF)
Zoning code PDC3*
APN 3008-034-001
UPID US09-7790757
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$577k
Blend (final) Blend
$820k
Owner & transaction history
The Tran Ramsey Trust
The Tran Ramsey Trust
since 2026
7 recorded transactions
2026
Price N/A
2026
Price N/A
2026
$290,000
2025
Price N/A
2023
Price N/A
1992
Price N/A
1991
$300,000
Zoning & alternative use
PDC3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.3M +54.1%
Auto repair, garage $965,000 +14.6%
Office building $865,000 +2.7%
Try Rey
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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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