New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,390,000
Community centers
40033 10th W St, Palmdale, CA 93551-3015
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-9949228
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2008
Construction
TILT-UP CONCRETE
Total area
56,101 SF
Lot
5.81 ac (253,184 SF)
Zoning code
PDC2
APN
3005-009-036
UPID
US09-9949228
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
-
Antelope Mall Vision Center Optometry (Bike/Boat/Book/etc) Store
-
Army Recruiting Office Palmdale, CA Military Recruiting Office
-
US Marine Corps Recruiting Military Recruiting Office
-
Gabrielle Gan Physician
-
US Navy Enlisted Recruiting Military Recruiting Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.39M
Owner & transaction history
Fp 10th Street Palmdale LLC · 6 yrs held
Fp 10th Street Palmdale LLC
since 2019
6 recorded transactions
Zoning & alternative use
PDC2 · 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
$132 / 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
$209,904
Tax year 2024
Assessed value
$13,938,624
Assessed 2024
Previous assessed
$13,938,624
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$5,361,009
Assessed improvement
$8,577,615
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
56,101 SF
Lot
5.81 ac (253,184 SF)
Zoning code
PDC2
APN
3005-009-036
UPID
US09-9949228
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDC2 · Palmdale, CA
Zoning PDC2 · permitted uses
PDC2 · 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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
5.81 ac
Current owner
From public records · entity-resolved
Fp 10th Street Palmdale LLC
Entity
Mailing address
PO BOX 48679, LOS ANGELES, CA 90048-0679
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Fp 10th Street Palmdale LLC
—
Deed
related
$7,530,000 · The Golden 1 Cu
Dec 5, 2019
$13,000,000
Fp 10th Street Palmdale LLC
10th Street Palmdale LLC
Grant Deed
$9,450,000 · Wilmington Tr NA 2016-c7 (ce)
Sep 21, 2015
$12,600,000
10th Street Palmdale LLC
West Palmdale 10th Street Center Ll
Grant Deed
$9,450,000 · Mc Five Mile Commercial Mortgage Fi
Dec 29, 2011
—
Pacific Wings LLC
—
Deed Of Trust
related
$18,000,000 · Wells Fargo Bank
Jan 12, 2007
—
West Palmdale 10th Street Ctr
Avenue 0-4 LLC
Quit Claim Deed
related
—
—
—
West Palmdale 10th Street Ctr
—
Deed Of Trust
related
$10,450,000 · Cathay 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40033 10th W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
