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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Warehouses
39360 3rd E St Palmdale, CA 93550-3255
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6496767
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
TILT-UP CONCRETE
Total area
9,731 SF
Lot
0.31 ac (13,399 SF)
Zoning code
PDC5
APN
3006-004-062
UPID
US09-6496767
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
-
A V Boxing Club Gym & Fitness Center Sports School
-
Winnell Warehousing Complex Business Service Center Corporate Office
-
Worldly Treasures Auctions Trade Show Venue (Bike/Boat/Book/etc) Store
-
Prime Engineering Industrial Manufacturer Production Facility
-
Worldly Treasures Liquidators Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Kim Underwood · 3 yrs held
Kim Underwood
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
PDC5 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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
$14,476
Tax year 2024
Assessed value
$937,838
Assessed 2024
Previous assessed
$937,838
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$334,940
Assessed improvement
$602,898
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
2
Total area
9,731 SF
Lot
0.31 ac (13,399 SF)
Zoning code
PDC5
APN
3006-004-062
UPID
US09-6496767
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDC5 · Palmdale, CA
Zoning PDC5 · permitted uses
PDC5 · 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.
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Kim Underwood
Individual
Mailing address
39360 3RD ST E #301, PALMDALE, CA 93550-3255
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Kim Underwood
Colin Johristone
Affidavit Death Of Trustee/successor Trustee
$600,000 · Mission Bank
Aug 1, 2012
$800,000
Colin Johnstone
Terry Lee Wick
Grant Deed
$640,000 · Jpmorgan Chase Bank NA
Aug 1, 2012
—
Cj Trust
Johnstone,donna
Grant Deed
related
—
Feb 13, 2006
$700,000
Cj Trust
Winnell Warehousing Complex
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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