Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    602 Commerce Ave Ste A Palmdale, CA 93551-3882
    Back to Search
    Property profile & analytics

    602 Commerce Ave Ste A, Palmdale, CA 93551-3882

    View on Map
    • Manufacturing properties
    • 1,020 SF
    • 5.29 lot acres
    Off-Market
    Last Sale Jul 18, 2024
    $300,000
    Property ID
    US10-0129455
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Counseling Center for Growth and Development / Marriage Or Relationship Counselor
    • Castlestone Properties Inc / Real Estate Agency
    • Ashley Lmft Jones / Marriage Or Relationship Counselor
    • ASAP Home Health / Registered General Nurse
    • Asap Personal Care / Home Health Care Service

    Property Details for 602 Commerce Ave Ste A

    Year built
    2007
    Construction
    WOOD
    Lot size
    5.29 lot acres
    Zone code
    PDMX
    Property type
    Manufacturing properties
    APN
    3003-080-048
    APU
    3003080048

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 18, 2024 $300,000 Wang Property Management LLC 602 A Commerce Ave LLC Grant Deed —
    Jun 1, 2021 $245,000 602 A Commerce Ave LLC Aaa Investments Properties LLC Grant Deed —
    Jun 28, 2010 $125,000 Aaa Investment Properties LLC Bank Of America NA Grant Deed —
    Oct 8, 2009 $200,289 Bank Of America NA American Trust Deed Svcs Trustees Deed · related —
    Jun 20, 2007 — Dominick F Mills Mills,andrea L Quit Claim Deed · related $278k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.141
    Latitude
    34.5893
    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
    $5,355
    $53,060
    $206,935
    $259,995
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,180,000
      102,976 SF

      660 Ave O O

      MANUFACTURING (LIGHT)
      660 Ave O O, Palmdale, CA 93551-3610
      View Details
    • Value Estimation by Request
      1,020 SF

      624 Commerce Ave Ste A

      MANUFACTURING (LIGHT)
      624 Commerce Ave Ste A, Palmdale, CA 93551-3883
      View Details
    • Value Estimation by Request
      1,020 SF

      530 Commerce Ave Ste G

      MANUFACTURING (LIGHT)
      530 Commerce Ave Ste G, Palmdale, CA 93551-3881
      View Details
    • Value Estimation by Request
      1,020 SF

      530 Commerce Ave Ste A

      MANUFACTURING (LIGHT)
      530 Commerce Ave Ste A, Palmdale, CA 93551-3881
      View Details
    • Value Estimation by Request
      2,430 SF

      514 Commerce Ave Ste D

      MANUFACTURING (LIGHT)
      514 Commerce Ave Ste D, Palmdale, CA 93551-3799
      View Details
    • Value Estimation by Request
      2,390 SF

      514 Commerce Ave E E Ste

      MANUFACTURING (LIGHT)
      514 Commerce Ave E E Ste, Palmdale, CA 93551-3799
      View Details

    Similar Nearby for Sale

    • $435,000

      Office/Warehouse Condo in Palmdale

      2,430 SF office/warehouse condo in excellent condition, built in 2007.
      650 Commerce Ave, Palmdale, CA 93551
      View Details
    • $9,200,000
      2.20 Acres

      450 Palmdale Blvd, Palmdale, CA 93551

      Mixed-use properties
      450 Palmdale Blvd, Palmdale, CA 93551
      View Details
    • $50,000
      628,135.20 Acres

      Leona Valley Land with Panoramic View

      Land with panoramic views, perfect for building a custom home.
      97Th St W, Leona Valley, CA 93551
      View Details

    Similar Nearby for Lease

    • 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 93551
      View Details
    • 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 93551
      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 93551
      View Details
    • Contact for pricing

      Prime Retail Pads For Lease

      Retail pads available for lease in a high-traffic Palmdale location.
      1233 Rancho Vista Blvd, Palmdale, CA 93551
      View Details
    • Contact for pricing

      Land Near Palmdale Freeway

      Land available adjacent to the 14 freeway at Palmdale Blvd.
      120 West Palmdale Blvd, Palmdale, CA 93551
      View Details
    • Contact for pricing

      Commercial Space in Palmdale, CA

      Commercial space available in growing Palmdale, Los Angeles County.
      520-540 W Palmdale Blvd, Palmdale, CA 93551
      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.
    602 Commerce Ave Ste A
    Palmdale, CA 93551-3882
    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

    Thank You for Inquiry
    602 Commerce Ave Ste A, Palmdale, CA, 93551
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!