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Property profile & analytics
OFF-MARKET
Estimated value
$14,485,000
Warehouses
380 Palmdale Blvd Palmdale, CA 93551-4240
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9021215
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
TILT-UP CONCRETE
Total area
80,981 SF
Lot
7.11 ac (309,564 SF)
Zoning code
PDC3
APN
3004-002-034
UPID
US09-9021215
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
-
Life Storage - Palmdale Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.30M
CAP Approach
CAP
$13.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.49M
Owner & transaction history
Life Storage LP · 6 yrs held
Life Storage LP
since 2020
Last sale
$14.6M
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
$15,635,000
ML approach
$11,300,000
CAP Approach
CAP Return
Estimation
6%
$14,235,000
6.5%
$13,140,000
7%
$12,200,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,795,000
Current use
Blend value · Realmo final
$14.49M
Range $13.04M – $15.93M · ±10% · vs last sale $14.58M (Mar 10 2020)
Last sale anchor
$14.58M
Mar 10 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
$179 / 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
$207,230
Tax year 2024
Assessed value
$15,632,704
Assessed 2024
Previous assessed
$15,632,704
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$6,253,081
Assessed improvement
$9,379,623
Applied tax rate
7.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Units
633
Total area
80,981 SF
Lot
7.11 ac (309,564 SF)
Zoning code
PDC3
APN
3004-002-034
UPID
US09-9021215
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
WAREHOUSE, STORAGE Current
Est. value
$23.8M
WAREHOUSE, STORAGE 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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Units
633
Lot
7.11 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Free & Clear · 6 yrs held
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
$14,580,000
Life Storage LP
191 III 776-777 LLC
Grant Deed
—
Jun 13, 2017
—
191 III 776-777 LLC
—
Deed
related
$16,140,000 · Wells Fargo Bk
May 23, 2017
$8,410,000
191 III 776-777 LLC
Storage Express Palmdale LLC
Grant Deed
—
Oct 14, 2016
—
Storage Express Palmdale LLC
—
Deed
related
$5,000,000 · Umpqua Bank
Jan 25, 2016
—
Storage Express Palmdale LLC
Storage Express Palmdale LLC
Quit Claim Deed
related
—
—
—
Storage Express Palmdale LLC
—
Deed Of Trust
related
$6,000,000 · Cw Capital
—
—
191 III 776-777 LLC
—
Deed Of Trust
related
$16,140,000 · Wells Fargo Bk
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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