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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Manufacturing properties
602 Commerce Ave Ste D Palmdale, CA 93551-3882
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0129469
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Construction
WOOD
Total area
2,430 SF
Lot
5.29 ac (230,259 SF)
Zoning code
PDMX
APN
3003-080-051
UPID
US10-0129469
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$585k
Owner & transaction history
Vac Workspace Solutions LLC
Vac Workspace Solutions LLC
since 2025
Last sale
$815,000
6 recorded transactions
Zoning & alternative use
PDMX · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$750,000
+49.6%
Warehouse, storage
$715,000
+42.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$500,000
Current use
COMMERCIAL (GENERAL)
$750,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$715,000
Change: +42% · Conversion: Easy
AUTO REPAIR, GARAGE
$500,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$475,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$470,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $815k (Jun 30 2025)
Last sale anchor
$815k
Jun 30 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$241 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,312
Tax year 2024
Assessed value
$540,462
Assessed 2024
Previous assessed
$540,462
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$135,398
Assessed improvement
$405,064
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Total area
2,430 SF
Lot
5.29 ac (230,259 SF)
Zoning code
PDMX
APN
3003-080-051
UPID
US10-0129469
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDMX · Palmdale, CA
Zoning PDMX · permitted uses
PDMX · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$500,000
OFFICE BUILDING
Est. value
$475,000
RETAIL STORES
Est. value
$470,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
NONE
Lot
5.29 ac
Current owner
From public records · entity-resolved
Vac Workspace Solutions LLC
Entity
Mailing address
38713 TIERRA SUBIDA AVE STE #200, PALMDALE, CA 93551-4562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$815,000
Vac Workspace Solutions LLC
602 D Commerce LLC
Grant Deed
$407,500 · Bank Of America NA
Sep 30, 2025
—
Vac Workspace Solutions LLC
—
Deed
related
$338,000 · California Statewide Certified Developme
Dec 30, 2016
—
602 D Commerce LLC
602-c Commerce Avenue LLC
Quit Claim Deed
related
—
Jul 27, 2016
$475,000
602-c Commerce Ave LLC
Sunshine State Properties LLC
Grant Deed
$332,500 · Velocity Com'l Cap
Oct 3, 2012
$249,000
Sunshine State Properties LLC
Dunbar Palmdale LLC
Grant Deed
$125,000 · Jpmorgan Chase Bank NA
Sep 12, 2012
$1,082,500
Dunbar Palmdale LLC
Lb Of Vcc Palmdale LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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