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Property profile & analytics
OFF-MARKET
Estimated value
$27,820,000
Super regional malls
1123 Rancho Vis Blvd, Palmdale, CA 93551-3935
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0139579
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
STEEL FRAME
Total area
117,879 SF
Lot
9.2 ac (400,896 SF)
Zoning code
PDRA
APN
3005-038-008
UPID
US10-0139579
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
-
Palmdale Premium Party Rentals Party Supply Store Rental Equipment Company
-
Sunglass Hut at Macy's (Bike/Boat/Book/etc) Store
-
MAC Cosmetics Cosmetic Store
-
Benefit Cosmetics BrowBar Spa & Massage Center Skin Care Clinic
-
Finish Line (located inside Macy's) Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.82M
Owner & transaction history
Mershop Antelope LLC
Mershop Antelope LLC
since 2025
7 recorded transactions
Zoning & alternative use
PDRA · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
$30,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$38,635,000
6.5%
$35,665,000
7%
$33,115,000
Blend value · Realmo final
$27.82M
Range $25.04M – $30.60M · ±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
$236 / 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
$180,675
Tax year 2024
Assessed value
$11,923,672
Assessed 2024
Previous assessed
$11,923,672
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$2,531,023
Assessed improvement
$9,392,649
Applied tax rate
17.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
117,879 SF
Lot
9.2 ac (400,896 SF)
Zoning code
PDRA
APN
3005-038-008
UPID
US10-0139579
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDRA · Palmdale, CA
Zoning PDRA · permitted uses
PDRA · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
9.2 ac
Current owner
From public records · entity-resolved
Mershop Antelope LLC
Entity
Mailing address
145 PROGRESS PL36THFL, CINCINNATI, OH 45246-1717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
—
Mershop Antelope LLC
Antelope Valley Shop LLC
Grant Deed
—
Jun 12, 2023
—
Antelope Valley Shop LLC
—
Deed
related
$24,000,000 · First Republic Bank
Nov 30, 2022
$47,225,500
Antelope Valley Shop LLC
Antelope Valley Mall LLC
Grant Deed
—
Dec 19, 2017
—
Antelope Valley Mall LLC
—
Loan Modification
related
$100,000,000 · Miscellaneous Ins Co
Jul 22, 2010
—
Antelope Valley Mall LLC
—
Deed Of Trust
related
$100,000,000 · Teachers Insurance & Annuity
Sep 5, 2008
$12,000,000
Antelope Valley Mall LLC
Gottschalks INC
Grant Deed
—
Mar 10, 2006
—
Gottschalks INC
—
Deed Of Trust
related
$181,000,000 · General Electric Capital Corp
Oct 4, 1995
—
Gottschalks
Gottschalks,
Quit Claim Deed
related
—
—
—
Gottschalks INC
—
Deed Of Trust
related
—
—
—
Gottschalks INC
—
Deed Of Trust
related
$35,000 · Barclays Business Credit INC
—
—
Gottschalks INC
—
Deed Of Trust
related
—
—
—
Gottschalks INC
—
Deed Of Trust
related
—
—
—
Gottschalks INC
—
Deed Of Trust
related
$6,075,000 · Midland Loan Services LP
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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