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Property profile & analytics
FOR SALE
Office buildings
38454 5Th St W Palmdale, CA 93551
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8825548
For Sale
1 / 11
$6,442,755
38454 5Th St W, Palmdale, CA 93551
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2016
Construction
TILT-UP CONCRETE
Total area
13,770 SF
Lot
1.46 ac (63,756 SF)
Zoning code
PDC3
APN
3004-002-033
UPID
US09-8825548
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
-
Davita Physician
-
DaVita Palms Valley At Home Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.58M
CAP Approach
CAP
$4.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.55M
Owner & transaction history
Shirley Jeanne Carmichael Fam · 5 yrs held
Shirley Jeanne Carmichael Fam
since 2020
Last sale
$6.7M
1 recorded transaction
Zoning & alternative use
PDC3 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+232.6%
Medical building
$6.3M
+132.2%
Commercial (general)
$4.3M
+57.8%
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
$8,625,000
ML approach
$8,575,000
CAP Approach
CAP Return
Estimation
6%
$5,295,000
6.5%
$4,885,000
7%
$4,535,000
Alternative Use
Use
Estimation
RESTAURANT
$8,965,000
Change: +233% · Conversion: Moderate
MEDICAL BUILDING
$6,260,000
Change: +132% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,255,000
Change: +58% · Conversion: Easy
WAREHOUSE, STORAGE
$4,045,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$6.55M
Range $5.89M – $7.20M · ±10% · vs last sale $6.67M (Aug 27 2020)
Last sale anchor
$6.67M
Aug 27 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
$475 / 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
$100,266
Tax year 2024
Assessed value
$7,077,195
Assessed 2024
Previous assessed
$7,077,195
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$3,861,735
Assessed improvement
$3,215,460
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2016
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Total area
13,770 SF
Lot
1.46 ac (63,756 SF)
Zoning code
PDC3
APN
3004-002-033
UPID
US09-8825548
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
RESTAURANT
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.0M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2016
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Lot
1.46 ac
Current owner
From public records · entity-resolved
Shirley Jeanne Carmichael Fam
Individual
Free & Clear · 5 yrs held
Mailing address
22 CAPPS WAY, SALMON, ID 83467-5319
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
$6,669,000
Shirley Jeanne Carmichael Fam
Fam Land Grissom
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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