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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Parking lots & garages
2603 Palmdale Blvd Palmdale, CA 93550-4945
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0118878
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1992
Construction
TILT-UP CONCRETE
Total area
15,000 SF
Lot
0.99 ac (43,028 SF)
Zoning code
PDC3
APN
3018-025-015
UPID
US10-0118878
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
-
ROYAL HAND CARWASH in Palmdale, Car Registration Services Palmdale Car Wash
-
OM Wireless LLC Electronics & Wireless Store Mobile Phone Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.14M
Owner & transaction history
Blvd Service Center LLC
Blvd Service Center LLC
since 2025
Last sale
$5.2M
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$7,620,000
Current use
MEDICAL BUILDING
$6,820,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±10% · vs last sale $5.20M (Jun 10 2025)
Last sale anchor
$5.20M
Jun 10 2025
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
$343 / 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
$15,132
Tax year 2024
Assessed value
$1,117,718
Assessed 2024
Previous assessed
$1,117,718
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$319,340
Assessed improvement
$798,378
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
15,000 SF
Lot
0.99 ac (43,028 SF)
Zoning code
PDC3
APN
3018-025-015
UPID
US10-0118878
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
PARKING LOT Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.8M
PARKING LOT Current
MEDICAL BUILDING
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Blvd Service Center LLC
Entity
Mailing address
20320 VIA MANTUA, PORTER RANCH, CA 91326-4442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
$5,200,000
Blvd Service Center LLC
Network Trading Limited Partnership
Grant Deed
$3,400,000 · Tri Counties Bank
May 1, 2020
—
Network Trading LP
—
Deed
related
$3,010,000 · Kinecta FCU
Aug 23, 2018
—
Network Trading LP
—
Grant Deed
related
$2,628,000 · Kinecta FCU
Apr 30, 1999
—
Network Trading LP
—
Deed Of Trust
related
$1,400,000 · Highland Federal Bank
Dec 17, 1993
$375,000
Elite Group Of Companies INC
—
Grant Deed
related
—
Sep 17, 1991
—
Ahar Mengelgrein
—
Grant Deed
related
$2,475,000 · National Bank Southern Ca
Mar 14, 1990
$1,300,000
Aharon Menglegrein
Unknown
Grant Deed
—
Nov 8, 1989
$1,500,000
A P26
Datz
Grant Deed
$600,000 · Bank Leumi Le-israel
—
—
Network Trading LP
—
Deed Of Trust
related
$1,345,000 · Jackson Federal Bank
—
—
Network Trading LP
—
Deed Of Trust
related
$2,628,000 · Kinecta FCU
—
—
Network Trading LP
—
Deed Of Trust
related
$3,010,000 · Kinecta FCU
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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