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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail space
1063 Ave K K Lancaster, CA 93534
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6854806
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
WOOD
Total area
3,480 SF
Lot
0.15 ac (6,385 SF)
Zoning code
LRC2*
APN
3123-029-037
UPID
US09-6854806
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
-
Country Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$925k
Owner & transaction history
K Hut LLC · 3 yrs held
K Hut LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
LRC2* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+127.3%
Commercial (general)
$1.1M
+108.1%
Neighborhood: shopping center
$955,000
+85.2%
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
$855,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$960,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,175,000
Change: +127% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +108% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +85% · Conversion: Moderate
OFFICE BUILDING
$740,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $1.10M (Nov 10 2022)
Last sale anchor
$1.10M
Nov 10 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
$266 / 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
$11,049
Tax year 2024
Assessed value
$550,800
Assessed 2024
Previous assessed
$550,800
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$214,200
Assessed improvement
$336,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
4
Total area
3,480 SF
Lot
0.15 ac (6,385 SF)
Zoning code
LRC2*
APN
3123-029-037
UPID
US09-6854806
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC2* · Lancaster, CA
Zoning LRC2* · permitted uses
LRC2* · 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
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
OFFICE BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
K Hut LLC
Entity
Mailing address
540 W RANCHO VIS BLVD, PALMDALE, CA 93551-3010
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
$1,100,000
K Hut LLC
Donnie W Yingling SR.
Grant Deed
$440,000 · Donnie W Yingling Trust
May 3, 2011
—
Yingling Donnie W Trust
Yingling,donald W
Quit Claim Deed
related
—
May 29, 2001
—
Billy R Ward
Ward,b R
Quit Claim Deed
related
—
Dec 13, 1995
—
Billy R Ward
Ward,r
Quit Claim Deed
related
—
Nov 20, 1995
$35,000
Ward,billy R
Termeer,dennis & Donna
Trustees Deed
—
Nov 20, 1995
$50,000
Termeer,dennis & Donna
Naylor,terrence & Virginia
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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