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Property profile & analytics
OFF-MARKET
Estimated value
$4,915,000
Retail space
37160 47th E St Palmdale, CA 93552-4450
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0137113
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
14,742 SF
Lot
1.77 ac (77,312 SF)
Zoning code
PDC3
APN
3051-046-009
UPID
US10-0137113
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.64M
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$4.92M
Owner & transaction history
Rai Investment LLC · 4 yrs held
Rai Investment LLC
since 2022
Last sale
$5.1M
5 recorded transactions
Zoning & alternative use
PDC3 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+136.2%
Commercial (general)
$4.6M
+60.6%
Warehouse, storage
$4.3M
+52.7%
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 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
$4,700,000
ML approach
$4,635,000
CAP Approach
CAP Return
Estimation
6%
$4,195,000
6.5%
$3,870,000
7%
$3,595,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,700,000
Change: +136% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,555,000
Change: +61% · Conversion: Easy
WAREHOUSE, STORAGE
$4,330,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,045,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,025,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$4.92M
Range $4.42M – $5.41M · ±10% · vs last sale $5.10M (May 6 2022)
Last sale anchor
$5.10M
May 6 2022
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
$333 / 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
$71,057
Tax year 2024
Assessed value
$5,306,040
Assessed 2024
Previous assessed
$5,306,040
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,300,500
Assessed improvement
$4,005,540
Applied tax rate
13.0000
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
14,742 SF
Lot
1.77 ac (77,312 SF)
Zoning code
PDC3
APN
3051-046-009
UPID
US10-0137113
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
MEDICAL BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Rai Investment LLC
Entity
Mailing address
14939 BANDERA WAY, VICTORVILLE, CA 92394-3717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 6, 2022
$5,100,000
Rai Investment LLC
47th Street LLC
Grant Deed
$3,100,000 · Bay Commercial Bank
Mar 27, 2018
—
47th Street LLC
—
Deed
related
$1,500,000 · City Nat'l Bk
Nov 18, 2002
—
47th Street LLC
—
Deed Of Trust
related
$4,750,000 · California Bank & Trust
—
—
47th Street LLC
—
Loan Modification
related
$1,500,000 · City Nat'l Bk
—
—
47th Street LLC
—
Deed Of Trust
related
$1,600,000 · City National 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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