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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Office buildings
37800 5th W St Palmdale, CA 93551-3996
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9922591
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
WOOD
Total area
7,200 SF
Lot
2.61 ac (113,587 SF)
Zoning code
PDCPD*
APN
3004-001-045
UPID
US09-9922591
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
$2.32M
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$2.32M
Owner & transaction history
Clutter Investments LLC · 1 yrs held
Clutter Investments LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
PDCPD* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+132.2%
Commercial (general)
$2.2M
+57.8%
Warehouse, storage
$2.1M
+50.1%
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
$2,320,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
$2,770,000
6.5%
$2,555,000
7%
$2,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,410,000
Current use
MEDICAL BUILDING
$3,275,000
Change: +132% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,225,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$2,115,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,490,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,480,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±10% · vs last sale $2.32M (Oct 11 2024)
Last sale anchor
$2.32M
Oct 11 2024
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
$322 / 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
$30,867
Tax year 2024
Assessed value
$1,858,179
Assessed 2024
Previous assessed
$1,858,179
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$479,400
Assessed improvement
$1,378,779
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Buildings
2
Total area
7,200 SF
Lot
2.61 ac (113,587 SF)
Zoning code
PDCPD*
APN
3004-001-045
UPID
US09-9922591
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDCPD* · Palmdale, CA
Zoning PDCPD* · permitted uses
PDCPD* · 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
OFFICE BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING Current
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
2014
Construction
WOOD
Heating
NONE
Buildings
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Clutter Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
410 E AVE 12TH STE 111TH LANCASTER
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 11, 2024
—
Clutter Investments LLC
Clutter Investments LLC
Intrafamily Transfer
related
—
Dec 14, 2020
—
Clutter Investments LLC
Clutter Family Trust
Quit Claim Deed
related
—
Mar 2, 2018
—
Clutter Investments LLC
Clutter Family Trust
Quit Claim Deed
related
—
Jul 11, 2017
$2,320,000
Clutter Family Trust
West Palmdale Plaza LLC
Grant Deed
$1,320,000 · West Palmdale Plaza LLC
Oct 7, 2005
—
West Palmdale Plaza LLC
Kong,amy S
Quit Claim Deed
related
—
Dec 23, 2003
—
Amy S Kong
State Farm Mutual Automobile I
Grant Deed
related
—
Jun 8, 1994
$398,090
State Farm Mutual Automobile
—
Grant Deed
related
—
—
—
Amy S Kong
—
Deed Of Trust
related
$187,000 · First California 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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