Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    38963 Sierra Hwy Palmdale, CA 93550-3340

    • Warehouses
    • 74,379 SF
    • 3.93 lot acres
    OFF-MARKET
    Value Estimations
    $9,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0113342
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • SecurCare Self Storage / Storage Facility

    Property Details for 38963 Sierra Hwy

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    3.93 lot acres
    Property size
    74,379 SF
    Zone code
    PDM1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    3006-005-005
    APU
    3006005005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,075,000
      6.5%
      $12,070,000
      7%
      $11,205,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.119
    Latitude
    34.5901
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $78,444
    $1,670,331
    $3,899,338
    $5,569,669
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $985,000
      10,020 SF

      37228 10th E St

      MINI-WAREHOUSE, STORAGE • 10,020 SF
      37228 10th E St, Palmdale, CA 93550-6135
      View Details
    • Value Estimation
      $5,020,000
      53,175 SF

      37909 10th E St

      MINI-WAREHOUSE, STORAGE • 53,175 SF
      37909 10th E St, Palmdale, CA 93550-5347
      View Details
    • Value Estimation
      $2,970,000
      31,654 SF

      37352 Sierra Hwy

      MINI-WAREHOUSE, STORAGE • 31,654 SF
      37352 Sierra Hwy, Palmdale, CA 93550-9342
      View Details
    • Value Estimation
      $5,700,000
      53,175 SF

      37909 10th E St

      MINI-WAREHOUSE, STORAGE • 53,175 SF
      37909 10th E St, Palmdale, CA 93550-5347
      View Details
    • Value Estimation
      $3,055,000
      31,670 SF

      850 Ave P8

      MINI-WAREHOUSE, STORAGE • 31,670 SF
      850 Ave P8, Palmdale, CA 93550-3331
      View Details
    • Value Estimation
      $8,255,000
      87,903 SF

      37560 Sierra Hwy

      MINI-WAREHOUSE, STORAGE • 87,903 SF
      37560 Sierra Hwy, Palmdale, CA 93550-9366
      View Details

    Similar Nearby for Sale

    • $1,616,175
      9,795 SF

      Palmdale Winnell Warehousing Complex

      9,795 SF warehouse with 18' clear height for sale.
      39360 3Rd St E, Palmdale, CA 93550
      View Details
    • New
      $180,000
      1.00 Acre

      Palmdale Land with Development Potential

      Two adjacent parcels totaling 43,449 sq ft in Palmdale, CA.
      Sierra Hwy, Palmdale, CA 93550
      View Details
    • $2,100,000

      Palmdale Industrial Property

      8,320 SF Warehouse/Office Space
      608 Rancho Vista Blvd, Palmdale, CA 93550
      View Details
    • Contact for pricing
      380,410 SF

      Palmdale Industrial Distribution Center

      380,410 SF Distribution Facility - Sale/Lease
      39415 8Th St, Palmdale, CA 93550
      View Details
    • $1,480,000
      4.80 Acres

      Palmdale Industrial Land - 4.8 Acres

      Prime M1-zoned land, ideal for development.
      39149 10Th St, Palmdale, CA 93550
      View Details
    • $950,000
      1,500 SF

      Established Glass Business Opportunity

      Reputable glass business serving residential and commercial clients since 2000.
      39450 E 3Rd St, Palmdale, CA 93550
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      703,140 SF

      Palmdale Industrial Distribution Space

      New industrial/distribution park with highway access and ample parking.
      W Avenue M, Palmdale, CA 93550
      View Details
    • Contact for pricing
      9,738 SF

      Palmdale Warehouse with Gated Yard

      Warehouse with concrete yard in a quiet Palmdale cul-de-sac.
      41338 12Th St W, Palmdale, CA 93550
      View Details
    • Contact for pricing
      135,895 SF

      New Industrial Distribution Park

      State-of-the-art industrial/distribution park with direct highway access.
      E Avenue M, Palmdale, CA 93550
      View Details
    • Contact for pricing
      716,930 SF

      Palmdale Industrial/Distribution Space Available

      New industrial/distribution park with highway access and ample parking.
      W Avenue M, Palmdale, CA 93550
      View Details
    • Contact for pricing
      142,940 SF

      Palmdale Industrial/Distribution Space Available

      New industrial/distribution park with highway access and high visibility.
      E Avenue M, Palmdale, CA 93550
      View Details
    • Contact for pricing
      1,004,880 SF

      Industrial Distribution Park with Highway Access

      New industrial/distribution park with direct highway access and high visibility.
      E Avenue M, Palmdale, CA 93550
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    38963 Sierra Hwy
    Palmdale, CA 93550-3340
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!