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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
42124 50th W St Lancaster, CA 93536-3511
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-0095811
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Construction
TILT-UP CONCRETE
Total area
2,546 SF
Lot
0.32 ac (14,135 SF)
Zoning code
LCC3
APN
3103-009-027
UPID
US10-0095811
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
-
Piccadilly Circle Grocery & Convenience Store
-
QH Beverages Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$505k
Owner & transaction history
Somasegarampillai Pragalaathan · 5 yrs held
Somasegarampillai Pragalaathan
since 2021
Last sale
$500,005
4 recorded transactions
Zoning & alternative use
LCC3 · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$785,000
+94.2%
Neighborhood: shopping center
$700,000
+72.8%
Auto repair, garage
$700,000
+72.4%
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
$500,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
RETAIL STORES
$405,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +73% · Conversion: Moderate
AUTO REPAIR, GARAGE
$700,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Apr 30 2021)
Last sale anchor
$500k
Apr 30 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
$198 / 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
$7,265
Tax year 2024
Assessed value
$530,603
Assessed 2024
Previous assessed
$530,603
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$334,280
Assessed improvement
$196,323
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
2,546 SF
Lot
0.32 ac (14,135 SF)
Zoning code
LCC3
APN
3103-009-027
UPID
US10-0095811
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC3 · Lancaster, CA
Zoning LCC3 · permitted uses
LCC3 · 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
RETAIL STORES Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$700,000
OFFICE BUILDING
Est. value
$570,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Somasegarampillai Pragalaathan
Individual
Mailing address
42124 50TH ST W, LANCASTER, CA 93536-3511
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$500,000
Somasegarampillai Pragalaathan
Harpreet Singh Dhillon
Grant Deed
$715,000 · Zb NA
Apr 30, 2021
—
Harpreet Singh Dhillon
Gurpreet Kaur
Intrafamily Transfer
related
$715,000 · Zb NA
May 15, 2012
$315,000
Harpreet S Dhillon
Crabtree R H & E H Trust
Grant Deed
$270,000 · California Bk&tr
Jan 8, 1973
—
Roland H Crabtree
—
Grant Deed
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.
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