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Property profile & analytics
OFF-MARKET
Estimated value
$6,390,000
Community centers
222 Palmdale Blvd, Palmdale, CA 93550-4515
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0135907
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1976
Construction
TILT-UP CONCRETE
Total area
21,440 SF
Lot
0.44 ac (19,026 SF)
Zoning code
PDC3*
APN
3009-005-017
UPID
US10-0135907
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
-
Upholstery Cleaning Service Palmdale Carpet Cleaning Service
-
Dollar Tree Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.39M
Owner & transaction history
Palmdale Shopping Center INC · 9 yrs held
Palmdale Shopping Center INC
since 2017
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,025,000
6.5%
$6,485,000
7%
$6,025,000
Blend value · Realmo final
$6.39M
Range $5.75M – $7.03M · ±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
$298 / 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
$29,592
Tax year 2024
Assessed value
$1,632,690
Assessed 2024
Previous assessed
$1,632,690
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$516,205
Assessed improvement
$1,116,485
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
21,440 SF
Lot
0.44 ac (19,026 SF)
Zoning code
PDC3*
APN
3009-005-017
UPID
US10-0135907
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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Palmdale Shopping Center INC
Entity
Mailing address
15445 VENTURA BLVD STE #31, SHERMAN OAKS, CA 91403-3045
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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 8, 2017
—
Palmdale Shopping Center INC
Palmdale Shopping Center INC
Grant Deed
related
$7,480,000 · Homestreet Bank
Apr 6, 2007
—
Palmdale Shopping Center LLC
Pk Sale LLC
Deed
$7,500,000 · Citigroup Global Markets Realty Corp
Nov 16, 2006
—
Pk Sale LLC
Kimco Realty Corp
Grant Deed
—
Nov 14, 2006
—
Kimco Realty Corp
Pan Pacific Retail Props INC
Grant Deed
related
—
Dec 12, 1997
—
Pan Pacific Retail Properties
Mcelhinney,lloyd C & Kathleen A
Grant Deed
related
—
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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