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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
410 Ave 12th Ste 115 Lancaster, CA 93535-4731
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6661444
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
TILT-UP CONCRETE
Total area
3,140 SF
Lot
4.61 ac (200,993 SF)
Zoning code
LRSP
APN
3126-009-172
UPID
US09-6661444
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
$490k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$520k
Owner & transaction history
George T Hartwig · 3 yrs held
George T Hartwig
since 2022
Last sale
$520,005
3 recorded transactions
Zoning & alternative use
LRSP · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$865,000
+121.2%
Auto repair, garage
$860,000
+120.7%
Office building
$705,000
+80.6%
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
$540,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$865,000
Change: +121% · Conversion: Moderate
AUTO REPAIR, GARAGE
$860,000
Change: +121% · Conversion: Easy
OFFICE BUILDING
$705,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Dec 29 2022)
Last sale anchor
$520k
Dec 29 2022
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
$166 / 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
$8,465
Tax year 2024
Assessed value
$530,400
Assessed 2024
Previous assessed
$530,400
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$132,600
Assessed improvement
$397,800
Applied tax rate
5.0000
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
1
Total area
3,140 SF
Lot
4.61 ac (200,993 SF)
Zoning code
LRSP
APN
3126-009-172
UPID
US09-6661444
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRSP · Lancaster, CA
Zoning LRSP · permitted uses
LRSP · 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
WAREHOUSE, STORAGE Current
Est. value
$390,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$860,000
OFFICE BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$500,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
1
Lot
4.61 ac
Current owner
From public records · entity-resolved
George T Hartwig
Individual
Free & Clear · 3 yrs held
Mailing address
1720 W AVE L4, LANCASTER, CA 93534-6951
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$520,000
George T Hartwig
Ec Properties LLC
Grant Deed
—
Aug 16, 2016
$292,000
Ec Properties LLC
Mcgowan,robert & Christine M
Grant Deed
—
Dec 31, 2013
$192,500
Robert Mcgowan
Mcgarrey Development Company INC
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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