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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Office buildings
38424 8th E St Palmdale, CA 93550-4708
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-7565267
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
WOOD
Total area
7,499 SF
Lot
0.34 ac (14,963 SF)
Zoning code
PDC3*
APN
3008-035-044
UPID
US09-7565267
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
-
Osorio's Party Supply Party Supply Store Rental Equipment Company
-
Beauty Branch Hair Salon
-
Z4 Tech Medical Solutions Medical Billing Service
-
FLEISCHAERO Corporate Office Factory
-
Casa Vision Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.39M
Owner & transaction history
George Ahenkorah · 8 yrs held
George Ahenkorah
since 2018
7 recorded transactions
Zoning & alternative use
PDC3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+50.1%
Auto repair, garage
$1.6M
+11.6%
Industrial (general)
$1.6M
+5.5%
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
OFFICE BUILDING
$1,470,000
Current use
WAREHOUSE, STORAGE
$2,205,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,640,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,550,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10%
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
$185 / 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
$18,580
Tax year 2024
Assessed value
$959,342
Assessed 2024
Previous assessed
$959,342
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$479,671
Assessed improvement
$479,671
Applied tax rate
17.0000
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
1988
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
7,499 SF
Lot
0.34 ac (14,963 SF)
Zoning code
PDC3*
APN
3008-035-044
UPID
US09-7565267
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
OFFICE BUILDING Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1988
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
George Ahenkorah
Individual
Mailing address
38424 8TH ST E STE G, PALMDALE, CA 93550-4708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jul 10, 2023
—
Lisa Ahenkorah
—
Deed
related
$523,000 · Community Commerce Bank
Mar 1, 2018
$750,000
George Ahenkorah
Amini,pantea E
Grant Deed
$487,500 · Reiter Family Trust (pt)
Mar 8, 2017
$238,000
Moghadam Family Ptshp LP
Mirabadi,forough
Grant Deed
—
Dec 30, 2016
—
Pantea E Amini
Sunrise Ptshp LLC
Quit Claim Deed
—
Aug 12, 2008
$740,000
Sunrise Ptshp LLC
Smitherum,edgar W
Grant Deed
—
Sep 19, 1996
$225,000
Smitherum,edgar W
Chrysler First Business Credit
Trustees Deed
$126,000 · South Coast Thrift & Loan
Sep 19, 1996
—
Edgar W Smitherum
Smitherum,d M
Quit Claim Deed
related
—
Jan 13, 1993
$599,343
First Business Credit D Chrysler
Viciconte,jose O
Trustees Deed
related
—
—
—
Edgar W Smitherum
—
Deed Of Trust
related
$145,000 · Omni Financial LLC
—
—
Edgar W Smitherum
—
Deed Of Trust
related
$170,000 · South Coast Commercial Bank
—
—
Edgar W Smitherum
—
Deed Of Trust
related
$50,000 · Donald C Schwartz
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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