New search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Manufacturing properties
124 Nugent St Lancaster, CA 93534-3607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6970218
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
WOOD
Total area
4,000 SF
Lot
0.22 ac (9,518 SF)
Zoning code
LRM1*
APN
3138-033-048
UPID
US09-6970218
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
-
EA Diagnostics Auto Repair Shop
-
A V Auto Service Auto Repair Shop
-
DISCOUNT AUTO/TRUCK REPAIR Auto Repair Shop
-
High Desert Transmissions Auto Repair Shop
-
EA Auto Rentals Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$750k
Owner & transaction history
124 Nugent LLC · 3 yrs held
124 Nugent LLC
since 2023
Last sale
$750,007
5 recorded transactions
Zoning & alternative use
LRM1* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+150.6%
Neighborhood: shopping center
$1.1M
+123.0%
Office building
$850,000
+72.2%
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
$755,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$495,000
Current use
COMMERCIAL (GENERAL)
$1,235,000
Change: +151% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Change: +123% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +20% · Conversion: Moderate
WAREHOUSE, STORAGE
$455,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (May 1 2023)
Last sale anchor
$750k
May 1 2023
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
$10,441
Tax year 2024
Assessed value
$765,000
Assessed 2024
Previous assessed
$765,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$229,500
Assessed improvement
$535,500
Applied tax rate
4.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
4,000 SF
Lot
0.22 ac (9,518 SF)
Zoning code
LRM1*
APN
3138-033-048
UPID
US09-6970218
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRM1* · Lancaster, CA
Zoning LRM1* · permitted uses
LRM1* · 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
INDUSTRIAL (GENERAL) Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$455,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
124 Nugent LLC
Entity
Mailing address
124 W NUGENT ST, LANCASTER, CA 93534-3607
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
$750,000
124 Nugent LLC
Jose N Alvares
Grant Deed
$637,500 · Mufg Union Bank NA
Feb 6, 2020
$300,000
Jose N Alvares
Pursley D D & K C F/tr
Grant Deed
$300,000 · Pursley D D & K C F/tr (rt)
Jan 26, 2006
—
Pursley D D & K C Fam Trust
Pursley,dennis D & K C
Quit Claim Deed
related
—
Mar 3, 1997
—
Dennis D Pursley
Clayton,r E & J R
Quit Claim Deed
related
—
Mar 31, 1989
$21,500
Clayton Robert E Janet R
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 124 Nugent St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
