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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Price Decreased |
$75,995
↓ $9K
(10.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by Congress Realty, Inc | $84,995 | |
| Listed by Congress Realty, Inc | |||
| Jan 21, 2026 | Listed by CBD Investment Inc. | $1,530,000 | |
| Listed by CBD Investment Inc. | |||
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This expansive 14.45-acre flat land in the city of Palmdale lies along the Sierra Hwy Vic M8 offers a prime opportunity for development in an area zoned for Aerospace Industrial. The property’s versatile zoning, per the city planning's department, allows for a range of additional uses, making it ideal for various industrial, and commercial. Situated in a strategic location within Palmdale, this plot provides easy access to major transportation routes and is near by the growing community of downtown Lancaster, and Palmdale Regional Airport. Whether you are looking to establish a cutting-edge aerospace facility, a commercial enterprise, or explore other developmental possibilities, this property offers the flexibility and potential to meet your needs. Don't miss out on this unique opportunity to invest in a versatile and strategically located piece of land in Palmdale.
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| Oct 13, 2025 | Listed by Rigel Capital | $330,000 | |
| Listed by Rigel Capital | |||
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FOR SALE: Prime ±3.06-Acre Vacant Land on Sierra Highway — Office Flex (OFX) Zoning — Palmdale, CA.
Unlock a rare development opportunity in the heart of Palmdale. The OFX designation is expressly intended to allow mixed-use office / flex / light commercial / support uses, positioning any future project for high flexibility—office, R&D, medical, flex maker spaces, and supporting retail or service uses are among the permitted or conditionally permitted uses. This site benefits from direct frontage on Sierra Highway, ensuring high visibility and strong vehicle counts. It’s well situated near major corridors and arterial roads, providing excellent connectivity to the 14 Freeway and the broader Antelope Valley region. The surrounding area is seeing momentum in commercial/industrial growth, and adjacent projects are pursuing higher-intensity flex or industrial uses. The immediate area is targeted for expansion and densification of commercial, industrial, and mixed uses under Palmdale’s 2045 General Plan and evolving development momentum. Palmdale’s economy is anchored in aerospace and advanced manufacturing, and the city has historically encouraged business relocation through enterprise zones and incentives. Buyers may subdivide, phased develop, or hold for future appreciation as area demand intensifies. Under the City of Palmdale’s Office Flex (OFX) zoning, there is no specified minimum lot size for subdivisions. This flexibility allows for the potential creation of smaller parcels, provided that each new lot complies with other applicable development standards and regulations. This property is ideal for developers seeking a mid-sized flexible campus, office/flex park, medical / research facility, or even a mixed commercial center. Savvy investors will see immediate upside in land banking while the region’s commercial and industrial base continues to expand. The combination of Sierra Hwy access, high visibility, and OFX zoning positions this lot as a foundational piece in the next wave of Antelope Valley development. Priced to Sell. Buyer to verify all.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017