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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Office buildings
38920 Trade Ctr Dr Palmdale, CA 93551-3715
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-9949113
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2015
Construction
TILT-UP CONCRETE
Total area
7,590 SF
Lot
0.77 ac (33,363 SF)
Zoning code
PDMX
APN
3003-080-118
UPID
US09-9949113
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
-
Elite Robotic Medical Clinic Hospital
-
Dr. Rafael Lemus-Rangel Medical Clinic
-
Emery L. Chen, MD Physician
-
UP Medical Medical Group
-
EMERY L CHEN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.38M
Owner & transaction history
38920 Trade Center Drive LLC · 8 yrs held
38920 Trade Center Drive LLC
since 2018
7 recorded transactions
Zoning & alternative use
PDMX · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+50.1%
Industrial (general)
$1.6M
+5.5%
Auto repair, garage
$1.6M
+4.8%
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
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
$1,485,000
Current use
WAREHOUSE, STORAGE
$2,230,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,570,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,560,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$181 / 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
$31,656
Tax year 2024
Assessed value
$1,773,982
Assessed 2024
Previous assessed
$1,773,982
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$981,944
Assessed improvement
$792,038
Applied tax rate
14.0000
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
Off-Market
Year built
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,590 SF
Lot
0.77 ac (33,363 SF)
Zoning code
PDMX
APN
3003-080-118
UPID
US09-9949113
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDMX · Palmdale, CA
Zoning PDMX · permitted uses
PDMX · 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
INDUSTRIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING Current
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
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
38920 Trade Center Drive LLC
Entity
Mailing address
38920 TRADE CTR DR #3, PALMDALE, CA 93551-3715
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
Aug 10, 2022
—
38920 Trade Center Drive LLC
—
Deed
related
$296,000 · Ampac Tri State Cdc INC
Mar 7, 2022
—
38920 Trade Center Drive LLC
—
Deed
related
$1,143,000 · Ampac Tri State Cdc INC
Jan 21, 2022
—
38920 Trave Center Drive
—
Deed
related
$1,108,356 · Mission Bank
Mar 21, 2019
—
Trade Center Drive LLC
—
Deed
related
$994,000 · Banc Of California NA
May 2, 2018
—
38920 Trade Center Drive LLC
Emery L Chen Md
Quit Claim Deed
related
—
Jun 5, 2017
$1,439,000
Emery L Chen Md
Toneman Invs 029 Props LLC
Grant Deed
—
Jun 5, 2017
—
38920 Trade Center Drive LLC
—
Deed
related
$981,852 · Mission Bank
Nov 23, 2016
—
Toneman Invs 029 Props LLC
—
Deed
related
$1,000,000 · Mission Bk
Feb 20, 2015
—
Toneman Investments 029 Proper
—
Trustees Deed
related
$2,200,000 · Mission Bk
—
—
Toneman Invs 029 Props LLC
—
Loan Modification
related
$1,000,000 · Mission Bk
—
—
38920 Trade Center Drive LLC
—
Deed Of Trust
related
$785,482 · Mission 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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