38543 10Th St Palmdale, CA 93550
This exceptional 46,635 sq ft land parcel in Palmdale, CA (93550), presents a unique redevelopment opportunity. Zoned PDC2, it's fully entitled and approved for a 50-unit multifamily development. Located at 38543 10th St E, this 1.07-acre site (9 parcels: APNs 3008-038-011, 012, 013, 015, 019, 034, 035, 036, 037) is situated in an opportunity zone and boasts exceptional accessibility. Its proximity to the upcoming high-speed rail station, the 14 Freeway, Sierra Highway, Palmdale Blvd, and City Hall ensures high visibility and convenient access for future residents. The area also offers nearby amenities such as Desert Sand Park. Three rail services and one freight line will serve the site, including two for the California High-Speed Rail and one for the Brightline West/High Desert Corridor. This presents a rare chance to capitalize on Palmdale's significant growth potential. Renderings of the Palmdale High-Speed Rail Station are available. Asking price: $2,400,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.