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    Property profile & analytics

    703 Palmdale Blvd Palmdale, CA 93550-4741

    • Retail space
    • 5,680 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0135898
    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

    • Dr. Benjamin Carter / Medical Clinic
    • 7-Eleven / Grocery & Convenience Store
    • Citibank ATM / Atm
    • Western Union / Bank / Credit Union
    • Amazon Locker - Extinguisher / Postal Service / Courier Service

    Property Details for 703 Palmdale Blvd

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    5,680 SF
    Zone code
    PDC3*
    Property type
    Retail space
    APN
    3008-035-043
    APU
    3008035043

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,615,000
      6.5%
      $1,490,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $796,000
      Market price range: $289k - $797k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,085,000
      Current use
      COMMERCIAL (GENERAL)
      $1,755,000
      Change: +62% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,670,000
      Change: +54% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,240,000
      Change: +15% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,175,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.116
    Latitude
    34.5798
    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
    $24,483
    $544,205
    $750,570
    $1,294,775
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.89 Acres

      Palmdale, CA 93550

      RETAIL STORES (PERSONAL SERVICES) • 0.89 Acres
      Palmdale, CA 93550
      View Details
    • Value Estimation
      $1,255,000
      7,707 SF

      1138 Palmdale Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,707 SF
      1138 Palmdale Blvd, Palmdale, CA 93550-4866
      View Details
    • Value Estimation
      $1,120,000
      7,262 SF

      1201 Palmdale Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,262 SF
      1201 Palmdale Blvd, Palmdale, CA 93550-4873
      View Details
    • Value Estimation
      $2,540,000
      17,260 SF

      1645 Palmdale Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,260 SF
      1645 Palmdale Blvd, Palmdale, CA 93550-4876
      View Details
    • Value Estimation
      $930,000
      4,666 SF

      957 Palmdale Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,666 SF
      957 Palmdale Blvd, Palmdale, CA 93550-4728
      View Details
    • Value Estimation by Request
      1,517 SF

      38200 6th E St

      RETAIL STORES (PERSONAL SERVICES) • 1,517 SF
      38200 6th E St, Palmdale, CA 93550-4635
      View Details

    Similar Nearby for Sale

    • $649,000
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      Palmdale Retail Opportunity on Corner

      Retail building with flexible leases, redevelopment potential, and high visibility.
      38463 9Th St E, Palmdale, CA 93550
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      Palmdale Commercial Space For Sale

      Versatile 1,517 sq ft retail space in Palmdale, CA.
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    • Contact for pricing
      7,600 SF

      Retail Investment Opportunity in Palmdale

      Single tenant NNN retail investment opportunity in Palmdale, CA.
      1703 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • Contact for pricing
      3,500 SF

      Palmdale Freestanding Commercial Building

      Well-maintained commercial building in Palmdale, ideal for owner-users or investors.
      38423 9Th St E, Palmdale, CA 93550
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    • $315,000
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      Palmdale Retail Investment Opportunity

      Versatile 1,517 sq ft retail space for sale.
      38200 E 6Th St, Palmdale, CA 93550
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    • $315,000
      Pending

      Palmdale Retail Investment Opportunity

      Versatile retail property in Palmdale with secured rear area.
      38200 E 6Th St, Palmdale, CA 93550
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      2,280 SF

      Versatile Mixed-Use Retail Space

      Mixed-use property with street frontage, suitable for various businesses.
      38128 6Th St, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Prime Commercial Space in Palmdale

      Well-positioned commercial property in Palmdale's expanding business district.
      38463 9Th St E, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,878 to 3,200 SqFt.
      2007 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • Contact for pricing

      Retail Spaces on Palmdale Boulevard

      Retail spaces available in a high-traffic location.
      2553 E Palmdale Blvd, Palmdale, CA 93550
      View Details
    • $29 SF/Yr

      Retail Space For Rent

      Single tenant retail space available for lease.
      202 E Palmdale Blvd, Palmdale, CA 93550
      View Details
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    Palmdale, CA 93550-4741
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    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
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