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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Community centers
1060 Ave J J Lancaster, CA 93535-3870
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6324782
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
WOOD
Total area
15,212 SF
Lot
1.29 ac (55,993 SF)
Zoning code
LRC3-RA750
APN
3148-002-032
UPID
US09-6324782
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
-
PanPan Wok Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Lancaster Shopping Plaza LLC · 3 yrs held
Lancaster Shopping Plaza LLC
since 2023
7 recorded transactions
Zoning & alternative use
LRC3-RA750 · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.1M
+21.5%
Commercial (general)
$4.7M
+12.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,745,000
6.5%
$4,380,000
7%
$4,065,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,185,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,080,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,700,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,170,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$3,415,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10%
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
$214 / 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
$77,347
Tax year 2024
Assessed value
$4,753,304
Assessed 2024
Previous assessed
$4,753,304
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,243,738
Assessed improvement
$3,509,566
Applied tax rate
5.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
15,212 SF
Lot
1.29 ac (55,993 SF)
Zoning code
LRC3-RA750
APN
3148-002-032
UPID
US09-6324782
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3-RA750 · Lancaster, CA
Zoning LRC3-RA750 · permitted uses
LRC3-RA750 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Lancaster Shopping Plaza LLC
Entity
Mailing address
1536 S ALAMEDA ST, LOS ANGELES, CA 90021-2836
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
Lancaster Shopping Plaza LLC
2429 Danalda LLC
Grant Deed
$2,800,000 · City National Bank
Nov 19, 2012
—
2429 Danalda LLC
—
Deed Of Trust
related
$3,723,500 · Cathay Bank
May 30, 2012
$6,746,500
2429 Danalda LLC
Gccfc 2006-gg7 Avenue J Retail
Grant Deed
$846,447 · 617 N Camden LLC
Oct 5, 2011
$4,000,000
Gccfc 2006-gg7 Avenue J Retail
Beacon Default Mgmt INC
Trustees Deed
related
—
Feb 26, 2010
—
Lancaster Investors LLC
Lancaster Low Of Tirfing LLC
Quit Claim Deed
—
Nov 17, 2008
$1,926,500
Lancaster Investors LLC
Foothills Apartments LLC
Grant Deed
—
May 3, 2006
—
Sunrise Center LLC
Sunrise-lancaster LLC
Quit Claim Deed
$8,000,000 · Goldman Sachs Commercial Mortgage C
Jun 1, 1999
$5,475,000
Sunrise-lancaster LLC
Eastbourne Investments Ltd
Grant Deed
$4,290,000 · Archon Financial LP
Dec 28, 1995
$4,060,000
Easthourne Investments Ltd
Allstate Life Insurance Co
Grant Deed
$2,639,000 · Allstate Life Insurance Co
Apr 6, 1995
$3,660,000
Allstate Life Insurance Co
Bhi-dover Xv
Trustees Deed
—
Jun 29, 1990
$7,692,500
Dover Xv Bhi
Unknown
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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