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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Parking lots & garages
318 Nugent St Lancaster, CA 93534
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6982110
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2001
Total area
5,100 SF
Lot
0.11 ac (4,749 SF)
Zoning code
LRLI*
APN
3138-034-042
UPID
US09-6982110
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.06M
Owner & transaction history
Hagop J Balyan · 6 yrs held
Hagop J Balyan
since 2020
Last sale
$920,009
6 recorded transactions
Zoning & alternative use
LRLI* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+272.0%
Apartment house (5+ units)
$1.7M
+266.6%
Commercial (general)
$1.6M
+240.7%
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
$1,285,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,720,000
Change: +272% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: +267% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,575,000
Change: +241% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,400,000
Change: +203% · Conversion: Difficult
OFFICE BUILDING
$1,085,000
Change: +134% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $920k (Jun 1 2020)
Last sale anchor
$920k
Jun 1 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
$208 / 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
$3,239
Tax year 2024
Assessed value
$257,325
Assessed 2024
Previous assessed
$257,325
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$51,464
Assessed improvement
$205,861
Applied tax rate
4.0000
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
2001
Heating
NONE
Stories
1
Total area
5,100 SF
Lot
0.11 ac (4,749 SF)
Zoning code
LRLI*
APN
3138-034-042
UPID
US09-6982110
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRLI* · Lancaster, CA
Zoning LRLI* · permitted uses
LRLI* · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2001
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Hagop J Balyan
Individual
Mailing address
14932 OXNARD ST, VAN NUYS, CA 91411-2610
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
$920,000
Hagop J Balyan
Meginn R F/t
Grant Deed
$730,000 · Mcginn R & K F/tr (pt)
Jun 1, 2020
—
Hagop J Balyan
Alice Yepremian
Quit Claim Deed
related
—
Jul 11, 2019
—
Mcginn,richard & Kathlene F Trust
Mcginn,richard A & Kathlene J
Affidavit Of Death
related
—
Jun 30, 2000
—
Mcginn Trust
—
Grant Deed
related
$525,000 · Sun Country Bank
Jun 23, 2000
$46,000
Mcginn Trust
Redevelopment Agency Lancaster
Grant Deed
—
—
—
Mcginn Family Trust
—
Deed Of Trust
related
$435,000 · American Security 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.
Try Rey
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