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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Parking lots & garages
1120 Commerce Ctr Dr Lancaster, CA 93534
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9305533
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1989
Total area
19,166 SF
Lot
0.43 ac (18,586 SF)
Zoning code
LRC3*
APN
3125-021-037
UPID
US09-9305533
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
-
AV Quick Lane Tire and Automotive Center customer service (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
1146 Commerce Center Drive LLC · 1 yrs held
1146 Commerce Center Drive LLC
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
LRC3* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+240.7%
Neighborhood: shopping center
$5.3M
+203.2%
Office building
$4.1M
+134.2%
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,920,000
Change: +241% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,270,000
Change: +203% · Conversion: Difficult
OFFICE BUILDING
$4,070,000
Change: +134% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (Sep 5 2024)
Last sale anchor
$3.60M
Sep 5 2024
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
$188 / 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
$1,743
Tax year 2024
Assessed value
$87,724
Assessed 2024
Previous assessed
$87,724
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$51,674
Assessed improvement
$36,050
Applied tax rate
2.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1989
Heating
NONE
Total area
19,166 SF
Lot
0.43 ac (18,586 SF)
Zoning code
LRC3*
APN
3125-021-037
UPID
US09-9305533
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
COMMERCIAL (GENERAL)
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.1M
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
1989
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
1146 Commerce Center Drive LLC
Entity
Mailing address
2701 W ALAMEDA AVE STE #506, BURBANK, CA 91505-4410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
$3,600,000
1146 Commerce Center Drive LLC
Cp Antelope Shops LLC
Grant Deed
$2,700,000 · Golden State Bank
Nov 16, 2022
—
Cp Antelope Shops LLC
Cp Antelope Shops LLC
Intrafamily Transfer
related
—
Oct 31, 2013
$31,950,000
Cp Antelope Shops LLC
Avenue K Lancaster Ucm Of Cadence
Grant Deed
$24,000,000 · Key Bank NA
Oct 23, 2012
—
Avenue K Lancaster Ucm Of Cadence
—
Deed Of Trust
related
$18,633,972 · Uvaf I/lancaster Center LLC
Sep 10, 2010
—
Avenue K Lancaster Ucm Of Cadence
—
Deed Of Trust
related
$27,500,000 · Capmark Bank
Aug 17, 2005
$18,266,500
Avenue K Lancaster Ucm Of Cadence
Passco Lancaster LLC
Grant Deed
—
Aug 16, 2005
—
Avenue K Lancaster Ucm Of Cadence
Passco Lancaster LLC
Grant Deed
related
—
Jan 16, 2002
—
Passco Lancaster LLC
Lancaster Commerce Ctr
Quit Claim Deed
related
—
—
—
Cp Antelope Shops LLC
—
Deed Of Trust
related
$26,500 · Keybank USA
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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