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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Retail space
2531 Olive Dr Palmdale, CA 93550-1036
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9974759
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
12,470 SF
Lot
2.45 ac (106,791 SF)
Zoning code
PDSP
APN
3053-041-448
UPID
US09-9974759
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
-
dynamic realty inc Real Estate Agency
-
Kasadia palm dale Take-out & Catering
-
Western Union Bank Credit Union
-
Palmdale Smoke (Bike/Boat/Book/etc) Store
-
Savon tires (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$2.32M
Owner & transaction history
Sahara Car Wash LLC · 19 yrs held
Sahara Car Wash LLC
since 2006
3 recorded transactions
Zoning & alternative use
PDSP · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+62.0%
Warehouse, storage
$3.7M
+54.1%
Auto repair, garage
$2.7M
+14.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,380,000
Current use
COMMERCIAL (GENERAL)
$3,855,000
Change: +62% · Conversion: Easy
WAREHOUSE, STORAGE
$3,665,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,725,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,575,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$186 / 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
$39,369
Tax year 2024
Assessed value
$2,614,499
Assessed 2024
Previous assessed
$2,614,499
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$514,146
Assessed improvement
$2,100,353
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
12,470 SF
Lot
2.45 ac (106,791 SF)
Zoning code
PDSP
APN
3053-041-448
UPID
US09-9974759
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDSP · Palmdale, CA
Zoning PDSP · permitted uses
PDSP · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2007
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.45 ac
Current owner
From public records · entity-resolved
Sahara Car Wash LLC
Entity
Mailing address
18522 OLDENBURG LN, GRANADA HILLS, CA 91344-2022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2011
—
Mobilitie Investments II LLC
—
Deed Of Trust
related
$600,000,000 · General Electric Capital Corp
Aug 30, 2006
—
Sahara Car Wash LLC
Patel,suresh
Grant Deed
$1,430,000 · Hanmi Bank
—
—
Sahara Car Wash LLC
—
Deed Of Trust
related
$1,776,000 · Hanmi Bank
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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