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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Hotels
217 Palmdale Blvd Palmdale, CA 93550-4514
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0118257
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Construction
WOOD
Total area
13,570 SF
Lot
0.58 ac (25,075 SF)
Zoning code
PDC3*
APN
3008-024-034
UPID
US10-0118257
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
-
Hotel Palmdale - Antelope Valley (Listing Partner) Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Patel,b Separate Prop Trust · 7 yrs held
Patel,b Separate Prop Trust
since 2019
7 recorded transactions
Zoning & alternative use
PDC3* · 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
by Request
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$60 / 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
$24,778
Tax year 2024
Assessed value
$1,804,513
Assessed 2024
Previous assessed
$1,804,513
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$721,805
Assessed improvement
$1,082,708
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
49
Bathrooms
49
Total area
13,570 SF
Lot
0.58 ac (25,075 SF)
Zoning code
PDC3*
APN
3008-024-034
UPID
US10-0118257
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDC3* · Palmdale, CA
Zoning PDC3* · permitted uses
PDC3* · 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
1986
Construction
WOOD
Heating
NONE
Stories
1
Units
49
Bathrooms
49
Lot
0.58 ac
Current owner
From public records · entity-resolved
Patel,b Separate Prop Trust
Trust
Mailing address
255 S RENO ST, LOS ANGELES, CA 90057-1111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2019
$2,200,500
Patel,b Separate Prop Trust
Court Of California
Grant Deed
—
Jun 30, 2016
$1,800,000
Palmdale Lodging LLC
Hospitality Franchise Svcs INC
Grant Deed
$1,800,000 · Private Individual
Nov 19, 2015
$2,661,979
Hospitality Franchise Service
Chicago Title Co|malhi,surjeet S & Surjit K
Trustees Deed
related
—
Jul 9, 2010
$2,750,000
Stsm Investment INC
Malhi,surjeet S & Surjit K
Quit Claim Deed
related
—
Feb 5, 2010
—
Surjeet S Malhi
—
Deed Of Trust
related
$2,423,913 · Hospitality Franchise Svc INC
Mar 13, 2006
$3,329,000
Surjeet S Malhi
Hospitality Franchise Svc INC
Grant Deed
$2,579,000 · Hospitality Franchise Svc INC
Oct 20, 2003
—
Hospitality Franchise Ser INC
Palmdale Heritage Hotel INC
Grant Deed
related
—
Aug 4, 2003
$1,409,091
Palmdale Heritage Hotel INC
Hospitality Franchise Serv INC
Grant Deed
$2,450,000 · Hospitality Franchise Serv INC
Feb 14, 2003
$827,500
Hospitality Franchise Service
Palmdale Lodging Capital INC
Grant Deed
$1,360,000 · Palmdale Lodging Capital INC
Jun 7, 2001
—
Palmdale Lodging Capital
—
Deed Of Trust
related
$900,000 · Centennial Bank
Oct 31, 1997
—
Palmdale Lodging Capitol
Mnb,ptnrshp
Grant Deed
related
—
Jul 17, 1995
—
Mnb General Partnership
Dave,bhagwanji L & Vijya B
Grant Deed
related
—
May 24, 1995
—
Bhagwanji L Dave
Sumitomo Bank
Grant Deed
$499,300 · Government Funding Ca Bus&ind
Nov 10, 1994
$535,500
Sumitomo Bank
Chao,po H & Chang T
Trustees Deed
related
—
—
—
Palmdale Lodging Capital INC
—
Deed Of Trust
related
$50,000 · Centennial Bank
—
—
California Receivership Group
—
Deed Of Trust
related
$25,000 · Other Institutional Lenders
—
—
Palmdale Lodging LLC
—
Deed Of Trust
related
$51,750 · Crimeni Richard L Trust (pt)
—
—
California Receivership Group
—
Loan Modification
related
$818,000 · Other Institutional Lenders
—
—
California Receivership Group
—
Loan Modification
related
$1,025,003 · * Other Institutional Lenders
—
—
California Receivership Grp In
—
Loan Modification
related
$1,255,003 · G&g Capital LLC
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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