If you are looking to buy, sell, or rent commercial property in the Palmdale, CA area I can help. I am Wes Darby a Real Estate Brokerage in the Antelope Valley. We are on the border of Palmdale, CA and Lancaster, CA. Come in and see me or give me a call and let’s talk commercial property.
Commercial real estate (also called investment or income property) is buildings or land intended to generate a profit from capital gains or rental income.
Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. The biggest source of lending for commercial real estate is from life insurance companies. Life insurance companies prefer to make loans of large amounts, such as required for commercial property development, and for long terms. Commercial property is generally more valuable than residential real estate so it is often advantageous to have a property re-zoned if possible to increase the value of the property. Part of the master plan of Palmdale, CA involves zoning which restricts the use of certain real estate.
Different types of properties are considered Palmdale commercial real estate. For example there are office buildings which range in scale from large buildings such as skyscrapers (of which we don’t have any of in Palmdale:) to small strip professional centers or even single business occupied free standing buildings. Industrial properties such as some of the aerospace buildings such as Lockheed Martin and others have around Palmdale. Some distinct characteristics of industrial properties is the clear height they offer meaning there is an immensely tall ceiling to allow for various manufacturing processes to take place. Another important factor in industrial properties is the docks the property has. Some are ground level and others are taller in order to load semi trucks or pickup trucks. Restaurant and retail buildings are another form of commercial real estate that we see a lot of around Palmdale. We seem to have a lot of small neighborhood shopping centers. We have grocery store anchored centers that are the next size up in the retail and restaurant category size commercial real estate. The biggest of the retail centers around Palmdale, CA would surely have to be the Antelope Valley Mall and across Rancho Vista Blvd, the center where Lowe’s and Best Buy are. Palmdale has a lot of multifamily housing which is yet another category of commercial real estate. Generally speaking, in California a property with four or more residential or commercial units is considered Palmdale, CA commercial real estate. I suppose that there would have to be a miscellaneous category of commercial real estate for businesses such as the self storage and hospitals that we see here in Palmdale. Raw or vacant land that is zoned properly as commercial property is the last category I can think of as commercial property. If your realty needs involve commercial property call me or submit a contact form and I will be happy to help.
Palmdale Commercial Real Estate Listings From Wes Darby Commercial Real Estate Broker
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