Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
41240 11th W St Palmdale, CA 93551-1448
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9922825
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
TILT-UP CONCRETE
Total area
7,888 SF
Lot
0.62 ac (26,901 SF)
Zoning code
PDC2
APN
3111-022-023
UPID
US09-9922825
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
-
Food Express Inc. Corporate Office
-
R. Steven Derryberry Law Firm
-
Derryberry & Associates LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.41M
Owner & transaction history
55 Investments LLC · 7 yrs held
55 Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
PDC2 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.3M
+50.1%
Industrial (general)
$1.6M
+5.5%
Auto repair, garage
$1.6M
+4.8%
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
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
OFFICE BUILDING
$1,545,000
Current use
WAREHOUSE, STORAGE
$2,320,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,630,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,620,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$178 / 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
$26,814
Tax year 2024
Assessed value
$1,768,616
Assessed 2024
Previous assessed
$1,768,616
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$643,320
Assessed improvement
$1,125,296
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
7,888 SF
Lot
0.62 ac (26,901 SF)
Zoning code
PDC2
APN
3111-022-023
UPID
US09-9922825
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2018
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
55 Investments LLC
Entity
Mailing address
41723 DOVERWOOD CT, LANCASTER, CA 93536-2807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
—
55 Investments LLC
—
Deed
related
$799,659 · Mission Bk
Aug 30, 2018
$1,599,500
55 Investments LLC
Gary W Fischer
Grant Deed
$799,659 · Mission Bank
Nov 17, 2017
—
Fischer,g & K Living Trust
—
Trustees Deed
related
$950,058 · Mission Bk
Jan 22, 2007
—
Barrio Jose M & M S 1991 Trust
Jdg Vending
Quit Claim Deed
related
—
Jan 22, 2007
$107,518
Fischer G & K Living Trust
Barrio J M & M S 1991 Trust
Grant Deed
—
May 16, 2005
$215,500
Vending
Trakell Corp
Grant Deed
—
Jun 9, 1993
—
Trakell Corp
Freeway Business
Grant Deed
related
—
—
—
55 Investments LLC
—
Deed Of Trust
related
$799,659 · Mission Bk
—
—
William L Royster
—
Deed Of Trust
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.
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 41240 11th 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.
