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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Automotive properties
38958 Carriage Way Palmdale, CA 93551-3788
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8682077
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Construction
TILT-UP CONCRETE
Total area
17,428 SF
Lot
4.06 ac (176,846 SF)
Zoning code
PDCPD*
APN
3003-002-092
UPID
US09-8682077
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
-
Hertz - Uber, Palmdale Freight Service Logistics Company
-
Diamond Quick Lube Auto Repair Shop
-
Diamond Collision Center Auto Repair Shop
-
Hertz Car Rental - Palmdale - Auto Vista Drive HLE Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
Dalia Ford Properties And Holdings · 4 yrs held
Dalia Ford Properties And Holdings
since 2022
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
PDCPD* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+50.6%
Warehouse, storage
$5.1M
+43.2%
Industrial (general)
$3.6M
+0.7%
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
$2,895,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,575,000
Current use
COMMERCIAL (GENERAL)
$5,385,000
Change: +51% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,120,000
Change: +43% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,600,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$3,410,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10% · vs last sale $4.42M (Jan 4 2022)
Last sale anchor
$4.42M
Jan 4 2022
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
$205 / 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
$66,213
Tax year 2024
Assessed value
$4,600,648
Assessed 2024
Previous assessed
$4,600,648
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,809,080
Assessed improvement
$1,791,568
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
17,428 SF
Lot
4.06 ac (176,846 SF)
Zoning code
PDCPD*
APN
3003-002-092
UPID
US09-8682077
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
AUTO REPAIR, GARAGE Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
Dalia Ford Properties And Holdings
Entity
Mailing address
4545 W RAMSEY ST, BANNING, CA 92220-3309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$4,422,500
Dalia Ford Properties And Holdings
Broadstone Ra California LLC
Grant Deed
$2,160,000 · Americredit Financial Services INC
Nov 13, 2013
$4,485,000
Broadstone Ra California LLC
Tripalm Properties INC
Grant Deed
—
Sep 18, 2013
—
Tripalm Properties INC
Maryle,larry
Quit Claim Deed
related
—
—
—
Larry Mayle
—
Deed Of Trust
related
$3,150,000 · Gmac Bank
—
—
Larry Mayle
—
Deed Of Trust
related
$2,733,158 · Abl Mtg
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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