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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Community centers
4061 Ave L L Lancaster, CA 93536-4261
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0095076
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1991
Construction
WOOD
Total area
9,670 SF
Lot
0.93 ac (40,655 SF)
Zoning code
LCR1 10000
APN
3110-007-016
UPID
US10-0095076
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Quartz Hill Station LLC · 13 yrs held
Quartz Hill Station LLC
since 2012
7 recorded transactions
Zoning & alternative use
LCR1 10000 · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+12.4%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,660,000
Current use
COMMERCIAL (GENERAL)
$2,990,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,650,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,170,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10%
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
$197 / 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
$33,841
Tax year 2024
Assessed value
$2,298,656
Assessed 2024
Previous assessed
$2,298,656
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$1,472,880
Assessed improvement
$825,776
Applied tax rate
2.0000
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
1991
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
9,670 SF
Lot
0.93 ac (40,655 SF)
Zoning code
LCR1 10000
APN
3110-007-016
UPID
US10-0095076
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR1 10000 · Lancaster, CA
Zoning LCR1 10000 · permitted uses
LCR1 10000 · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1991
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Quartz Hill Station LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2020
—
Quartz Hill Station LLC
—
Deed
related
$11,740,000 · Miscellaneous Ins Co
Aug 16, 2018
—
Quartz Hill Station LLC
—
Loan Modification
related
$195,000,000 · Miscellaneous Ins Co
Oct 26, 2017
—
Quartz Hill Station LLC
—
Grant Deed
related
$11,740,000 · Miscellaneous Ins Co
Dec 26, 2012
$1,921,500
Quartz Hill Station LLC
Wood Lancaster 1
Grant Deed
—
Mar 5, 2003
—
L Wood
—
Deed Of Trust
related
$9,000,000 · Principal Life Insurance Co
Dec 22, 1995
—
Lancaster No 1 Wood
—
Deed Of Trust
related
—
Apr 12, 1990
—
Lancaster No 1 Wood
—
Deed Of Trust
related
—
—
—
Quartz Hill Station LLC
—
Loan Modification
related
$195,000,000 · Miscellaneous Ins Co
—
—
Quartz Hill Station LLC
—
Loan Modification
related
$11,740,000 · Miscellaneous Ins Co
—
—
Quartz Hill Station LLC
—
Deed Of Trust
related
$195,000 · Miscellaneous Ins Co
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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