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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Office buildings
41331 12th W St Palmdale, CA 93551-1423
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6496749
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
TILT-UP CONCRETE
Total area
9,835 SF
Lot
0.65 ac (28,169 SF)
Zoning code
PDC2
APN
3111-022-006
UPID
US09-6496749
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
-
GEM Mortgage Loan Service Bank
-
Financial Wize Mortgage Lenders Palmdale CA Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.63M
Owner & transaction history
2108 Holdings LLC · 5 yrs held
2108 Holdings LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PDC2 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.0M
+5.5%
Auto repair, garage
$2.0M
+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
$1,655,000
ML approach
$1,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,925,000
Current use
INDUSTRIAL (GENERAL)
$2,030,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,020,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.60M (Apr 23 2021)
Last sale anchor
$1.60M
Apr 23 2021
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
$27,374
Tax year 2024
Assessed value
$1,697,932
Assessed 2024
Previous assessed
$1,697,932
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$594,276
Assessed improvement
$1,103,656
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
3
Total area
9,835 SF
Lot
0.65 ac (28,169 SF)
Zoning code
PDC2
APN
3111-022-006
UPID
US09-6496749
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
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING Current
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
2108 Holdings LLC
Entity
Mailing address
8149 RAVILLER DR, DOWNEY, CA 90240-2753
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
$1,600,000
2108 Holdings LLC
Tower Investment Group LLC
Grant Deed
$1,120,000 · Chicago Title Co
Mar 2, 2001
—
Tower Investments Group LLC
—
Grant Deed
related
$785,000 · Valencia Bank & Trust
Aug 23, 2000
$115,000
Tower Investment Group LLC
Keefe,charles
Grant Deed
—
Jul 3, 2000
$228,153
Charles Keefe
Barbeau,clyde L
Trustees Deed
—
Nov 15, 1990
$250,000
Clyde L Barbeau
Otter Daniel E
Grant Deed
$250,000 · Individual
Nov 5, 1990
$793,000
Daniel E Otter
Freeway Business
Grant Deed
—
—
—
Tower Investment Group LLC
—
Deed Of Trust
related
$770,000 · Columbian Life Insurance Co
—
—
Tower Investments INC
—
Deed Of Trust
related
$785,000 · Valencia Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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