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Property profile & analytics
FOR LEASE
Retail space
2553 E Palmdale Blvd Palmdale, CA 93550
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7565141
For Lease
1 / 5
$15 SF/Yr
2553 E Palmdale Blvd, Palmdale, CA 93550
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
15,345 SF
Lot
0.98 ac (42,495 SF)
Zoning code
PDC3
APN
3018-025-026
UPID
US09-7565141
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
-
B E Donuts Bakery Discount Store
-
Bold styles hair salon Hair Salon
-
Ace of Fades Palmdale Barber Shop
-
Lancaster beauty supply's 2 Hair Salon Nail Salon
-
A&G INCOME TAX SERVICE Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.88M
Owner & transaction history
Garden Plz Shopping Ctr LLC · 5 yrs held
Garden Plz Shopping Ctr LLC
since 2020
Last sale
$1.8M
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
$1,970,000
ML approach
$1,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,925,000
Current use
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.80M (Aug 31 2020)
Last sale anchor
$1.80M
Aug 31 2020
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
$123 / 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
$45,933
Tax year 2024
Assessed value
$1,910,173
Assessed 2024
Previous assessed
$1,910,173
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$764,069
Assessed improvement
$1,146,104
Applied tax rate
15.0000
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
For Lease
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
15,345 SF
Lot
0.98 ac (42,495 SF)
Zoning code
PDC3
APN
3018-025-026
UPID
US09-7565141
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
RETAIL STORES Current
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
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Garden Plz Shopping Ctr LLC
Entity
Mailing address
22523 S SMT RDG CIR, CHATSWORTH, CA 91311-2692
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$1,800,000
Garden Plz Shopping Ctr LLC
Kazazian 2007 Fam L/tr
Grant Deed
$1,000,000 · Kazazian Family Living Tr (rt)
Feb 7, 2018
—
Bardekjian Family Trust
Bardekjian,simon K
Quit Claim Deed
related
—
May 29, 2015
—
Bardekjians Living Trust
Bardekjian Family Trust
Quit Claim Deed
related
—
Aug 29, 2007
—
Kazazian Fam Living 2007 Trust
Kazazian,kerop & Koharp
Quit Claim Deed
related
—
Apr 19, 2007
$100,000
Simon Bardekjian
Bardekjian,simon
Grant Deed
related
—
Apr 19, 2007
—
Simon Bardekjian
Bardekjian,mary A
Affidavit Of Death
related
—
Jul 22, 1993
$43,000
Simon Bardekjian
Bardekjian,simon
Grant Deed
related
$300,000 · Bank Audi
Sep 27, 1991
$1,550,000
Simon Bardekjian
Boulgourjian Bro
Grant Deed
$850,000 · Seller
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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