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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Turn key restaurants
39176 10th W St Palmdale, CA 93551-3740
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9920840
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
WOOD
Total area
3,852 SF
Lot
0.7 ac (30,498 SF)
Zoning code
PDMPD*
APN
3003-085-013
UPID
US09-9920840
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
-
IHOP Restaurant
-
Pardon My Cheesesteak Restaurant Take-out & Catering
-
NASCAR Refuel Tenders & Burgers Restaurant
-
TenderFix by Noah Schnapp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.41M
Owner & transaction history
Wan Leung Chung · 2 yrs held
Wan Leung Chung
since 2024
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
PDMPD* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+121.5%
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
$3,410,000
ML approach
$3,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,510,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,555,000
Change: +121% · Conversion: Difficult
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±10% · vs last sale $3.41M (Mar 1 2024)
Last sale anchor
$3.41M
Mar 1 2024
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
$885 / 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
$46,581
Tax year 2024
Assessed value
$2,615,565
Assessed 2024
Previous assessed
$2,615,565
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$778,219
Assessed improvement
$1,837,346
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
3,852 SF
Lot
0.7 ac (30,498 SF)
Zoning code
PDMPD*
APN
3003-085-013
UPID
US09-9920840
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDMPD* · Palmdale, CA
Zoning PDMPD* · permitted uses
PDMPD* · 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 Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Wan Leung Chung
Individual
Mailing address
249 GDN ARBOR CT, LAS VEGAS, NV 89148-5285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$3,408,000
Wan Leung Chung
Sams Group LLC
Grant Deed
$2,600,000 · Royal Business Bank
Feb 27, 2023
—
Sams Group LLC
—
Deed
related
$2,720,000 · Bbcn Bank
Jun 27, 2022
$2,514,000
Sams Group LLC
Tapalmdale Mkt Ca LLC
Grant Deed
—
May 20, 2022
$57,300,000
T Palmdale Mkt Ca LLC
Mgp X Properties LLC
Grant Deed
$45,840,000 · Wells Fargo Bank NA
May 13, 2013
$37,250,000
Mgp X Properties LLC
Palmdale Marketplace LLC
Grant Deed
—
May 31, 2001
—
Palmdale Marketplace LLC
—
Deed Of Trust
related
$19,500,000 · Artesia Mortgage Capital Corp
Apr 15, 1999
$6,355,000
Palmdale Marketplace LLC
—
Grant Deed
related
—
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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