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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Warehouses
42034 3rd E St Lancaster, CA 93535-5319
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0110357
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
TILT-UP CONCRETE
Total area
29,920 SF
Lot
3.3 ac (143,821 SF)
Zoning code
LRHI*
APN
3126-018-047
UPID
US10-0110357
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
-
Small Town Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$2.99M
Owner & transaction history
Desert Town LLC · 5 yrs held
Desert Town LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
LRHI* · Lancaster, 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 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
$2,945,000
ML approach
$3,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,720,000
Current use
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±10% · vs last sale $3.00M (Jul 7 2021)
Last sale anchor
$3.00M
Jul 7 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
$100 / 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
$45,890
Tax year 2024
Assessed value
$3,121,200
Assessed 2024
Previous assessed
$3,121,200
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$1,248,480
Assessed improvement
$1,872,720
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
29,920 SF
Lot
3.3 ac (143,821 SF)
Zoning code
LRHI*
APN
3126-018-047
UPID
US10-0110357
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRHI* · Lancaster, CA
Zoning LRHI* · permitted uses
LRHI* · 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
$3.7M
WAREHOUSE, STORAGE Current
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Desert Town LLC
Entity
Mailing address
515 S FLOWER ST STE #3000, LOS ANGELES, CA 90071-2232
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
Desert Town LLC
—
Deed
related
$3,442,500 · Bank Five Nine
Jul 7, 2021
$3,000,000
Desert Town LLC
Wr Lancaster Ss Investors LLC
Grant Deed
$2,400,000 · Bank Five Nine
Sep 30, 2019
—
Wr Lancaser Ss Investors LLC
—
Deed
related
$482,521 · Winegar Terry L Family Tr (pt)
Jun 12, 2013
$1,050,000
Wr Lancaster Ss Investors LLC
Coastline Re Holdings Corp
Grant Deed
$326,000 · Pacific West Certified Development Corp
Nov 2, 2012
$949,000
Coastline Re Holdings Corp
Sbs Trust Deed Network
Trustees Deed
related
—
Feb 17, 2006
—
4th Street East Investors INC
—
Trustees Deed
related
$1,402,750 · Affinity Bank
Apr 26, 2005
—
4th Street East Investors INC
Debelling,warren E
Grant Deed
—
May 26, 2004
$250,000
Warren E Debelling
Banks,britan E & Candace E
Grant Deed
$75,000 · Britan E & Candace E Banks
Aug 28, 2000
$25,000
Britan E Banks
Eliopulos Trust
Grant Deed
$100,000 · Fossum Trust
—
—
Wr Lancaser Ss Investors LLC
—
Deed Of Trust
related
$482,521 · Winegar Terry L Family Tr (pt)
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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