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Property profile & analytics
OFF-MARKET
Estimated value
$12,295,000
Hotels
2320 Double Play Way Lancaster, CA 93536-7404
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9418521
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
WOOD
Total area
70,456 SF
Lot
3.05 ac (132,916 SF)
Zoning code
LRRC
APN
3153-015-042
UPID
US09-9418521
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
-
Homewood Suites by Hilton Lancaster Hotel & Motel Vacation Rental
-
Hotel Hotel & Motel
-
Empire Towing & Recovery 24/7 Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.00M
CAP Approach
CAP
$9.79M
Comparable Approach
Comparable
$12.70M
Blend (final)
Blend
$12.30M
Owner & transaction history
Lancaster Wood LLC · 3 yrs held
Lancaster Wood LLC
since 2023
Last sale
$14.0M
5 recorded transactions
Zoning & alternative use
LRRC · Lancaster, 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 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
$11,075,000
ML approach
$9,000,000
CAP Approach
CAP Return
Estimation
6%
$10,600,000
6.5%
$9,785,000
7%
$9,090,000
Blend value · Realmo final
$12.30M
Range $11.07M – $13.52M · ±10% · vs last sale $13.95M (Jun 14 2023)
Last sale anchor
$13.95M
Jun 14 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
$175 / 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
$266,415
Tax year 2024
Assessed value
$18,307,671
Assessed 2024
Previous assessed
$18,307,671
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$876,126
Assessed improvement
$17,431,545
Applied tax rate
5.0000
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
2008
Construction
WOOD
Heating
NONE
Stories
3
Units
92
Total area
70,456 SF
Lot
3.05 ac (132,916 SF)
Zoning code
LRRC
APN
3153-015-042
UPID
US09-9418521
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRRC · Lancaster, CA
Zoning LRRC · permitted uses
LRRC · 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.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
NONE
Stories
3
Units
92
Lot
3.05 ac
Current owner
From public records · entity-resolved
Lancaster Wood LLC
Entity
Mailing address
16530 BAKE PKWY STE #200, IRVINE, CA 92618-4685
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jun 14, 2023
—
Lancaster Wood LLC
Greens Fund One LLC
Quit Claim Deed
related
—
Jun 9, 2023
$13,950,000
Greens Fund One LLC
Castleblack Lancaster Owner II LLC
Grant Deed
$15,446,000 · Wells Fargo Bank NA
Aug 7, 2014
$14,518,500
Castleblack Lancaster Owner II
K Partners Lancaster II LP
Grant Deed
$190,000,000 · German American Cap
Oct 2, 2008
—
K Partners Lancaster II
—
Deed Of Trust
related
$10,220,000 · Capmark Bank
—
—
K Partners Lancaster II
—
Deed Of Trust
related
$9,000,000 · International Bank Of Commerce
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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