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Property profile & analytics
FOR LEASE
Retail space
1041 Avenue J E Lancaster, CA 93535
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9151792
For Lease
1 / 10
$1,060,000
1041 Avenue J E, Lancaster, CA 93535
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
WOOD
Total area
5,050 SF
Lot
0.5 ac (21,594 SF)
Zoning code
LRC3*
APN
3147-008-034
UPID
US09-9151792
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.06M
Owner & transaction history
Carson Star LLC · 3 yrs held
Carson Star LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
LRC3* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.7M
+110.0%
Commercial (general)
$1.6M
+94.2%
Neighborhood: shopping center
$1.4M
+72.8%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$1,035,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$1,395,000
6.5%
$1,290,000
7%
$1,195,000
Alternative Use
Use
Estimation
RETAIL STORES
$805,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,685,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,560,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,390,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,385,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$1,135,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.13M (Oct 19 2022)
Last sale anchor
$1.13M
Oct 19 2022
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
$210 / 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
$15,389
Tax year 2024
Assessed value
$1,147,500
Assessed 2024
Previous assessed
$1,147,500
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$688,500
Assessed improvement
$459,000
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2000
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
5,050 SF
Lot
0.5 ac (21,594 SF)
Zoning code
LRC3*
APN
3147-008-034
UPID
US09-9151792
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3* · Lancaster, CA
Zoning LRC3* · permitted uses
LRC3* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2000
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Carson Star LLC
Entity
Mailing address
18386 MT LANGLEY ST, FOUNTAIN VALLEY, CA 92708-6903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
$1,125,000
Carson Star LLC
Hye LLC
Grant Deed
—
Dec 30, 2019
—
Hye LLC
—
Deed
related
$2,200,000 · Lone Oak Fund
Dec 28, 2016
—
Hye LLC
—
Deed
related
—
May 19, 2014
—
Hye LLC
Starpoint Commercial Propertie
Grant Deed
related
—
Nov 1, 2013
$515,000
Atv INC
Starpoint Commercial Props LLC
Grant Deed
—
Jul 29, 2013
$5,108,500
Starpoint Commercial Props LLC
Wpi-challenger INC
Grant Deed
$3,975,000 · East West Bank
—
—
Hye LLC
—
Deed Of Trust
related
$2,200,000 · Lone Oak Fund
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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