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Property profile & analytics
FOR LEASE
Auto shops
39006 20Th St E Palmdale, CA 93550
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6494997
For Lease
$1,180,000
39006 20Th St E, Palmdale, CA 93550
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2009
Construction
WOOD
Total area
4,800 SF
Lot
1.37 ac (59,674 SF)
Zoning code
LCM11/2-B1
APN
3022-012-017
UPID
US09-6494997
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
-
Affordable Auto Repair & Paint Auto Repair Shop
-
USAA Car Insurance Financial Advisor Insurance Agency
-
Liberty Mutual Home Insurance Insurance Agency
-
Marathon Industries, Inc. Palmdale Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.18M
Owner & transaction history
Hess Palmdale Properties LLC · 4 yrs held
Hess Palmdale Properties LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LCM11/2-B1 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+41.4%
Warehouse, storage
$1.4M
+34.5%
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
$1,150,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,050,000
Current use
COMMERCIAL (GENERAL)
$1,485,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,410,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$940,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$915,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.20M (Nov 15 2021)
Last sale anchor
$1.20M
Nov 15 2021
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
$246 / 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
$17,221
Tax year 2024
Assessed value
$1,248,480
Assessed 2024
Previous assessed
$1,248,480
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$499,392
Assessed improvement
$749,088
Applied tax rate
15.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
2009
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Bathrooms
3
Total area
4,800 SF
Lot
1.37 ac (59,674 SF)
Zoning code
LCM11/2-B1
APN
3022-012-017
UPID
US09-6494997
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM11/2-B1 · Palmdale, CA
Zoning LCM11/2-B1 · permitted uses
LCM11/2-B1 · 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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$915,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
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
2009
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Bathrooms
3
Lot
1.37 ac
Current owner
From public records · entity-resolved
Hess Palmdale Properties LLC
Entity
Mailing address
PO BOX 800279, SANTA CLARITA, CA 91380-0279
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$1,200,000
Hess Palmdale Properties LLC
Mauricio E Harrie
Grant Deed
$600,000 · City National Bank
Nov 15, 2021
—
Hess Palmdale Properties LLC
—
Deed
related
$496,000 · Business Finance Capital
Oct 22, 2019
—
Mauricio E Harrie
—
Deed
related
$376,000 · Bank Of America
May 13, 2008
—
Mauricio E Harrie
Harrie,mauricio
Quit Claim Deed
related
$400,000 · Mojave Desert Bank
Aug 19, 2002
$85,000
Mauricio Harrie
Beasley,a L
Grant Deed
$40,000 · A L Beasley
Aug 19, 2002
—
Muaricio Harrie
Harrie,a
Quit Claim Deed
related
—
Jul 11, 1996
$73,875
A L Beasley
Lahoud,fares A
Trustees Deed
—
Sep 1, 1993
—
Fares A Lahoud
Fashsh,najwan &
Quit Claim Deed
related
—
Jun 15, 1989
$60,000
Najwan Fasheh
Albou
Grant Deed
related
$190,000 · Lahoud Fares A
Dec 22, 1988
$94,000
Fares Aboulahoud
Beasl
Grant Deed
—
—
—
Mauricio E Harrie
—
Deed Of Trust
related
$376,000 · Bank Of America
—
—
Mauricio E Harrie
—
Deed Of Trust
related
$440,000 · Mojave Desert Bank
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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