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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Hotels
42445 Sierra Hwy Lancaster, CA 93535-5135
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7064297
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1952
Construction
WOOD
Total area
6,048 SF
Lot
0.89 ac (38,714 SF)
Zoning code
LRC3*
APN
3128-008-004
UPID
US09-7064297
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
-
Bon Aire Motel Hotel & Motel
-
Palmdale Pelican Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.76M
Owner & transaction history
Hope The Mission · 2 yrs held
Hope The Mission
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
LRC3* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+54.7%
Medical building
$2.8M
+8.0%
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
$2,755,000
ML approach
$2,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,545,000
Current use
RESTAURANT
$3,940,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$2,750,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±10% · vs last sale $2.76M (May 24 2024)
Last sale anchor
$2.76M
May 24 2024
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
$456 / 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
$20,274
Tax year 2024
Assessed value
$1,536,065
Assessed 2024
Previous assessed
$1,536,065
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$532,100
Assessed improvement
$1,003,965
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Stories
1
Units
27
Total area
6,048 SF
Lot
0.89 ac (38,714 SF)
Zoning code
LRC3*
APN
3128-008-004
UPID
US09-7064297
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3* · Lancaster, CA
Zoning LRC3* · permitted uses
LRC3* · 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
HOTEL/MOTEL Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$2.8M
HOTEL/MOTEL Current
RESTAURANT
MEDICAL 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
1952
Construction
WOOD
Heating
NONE
Stories
1
Units
27
Lot
0.89 ac
Current owner
From public records · entity-resolved
Hope The Mission
Individual
Mailing address
16641 ROSCOE PL, NORTH HILLS, CA 91343-6104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
$2,756,000
Hope The Mission
Sunil Natver
Grant Deed
—
Mar 12, 2024
—
Sunil Natver
—
Deed
related
$515,000 · Ccf Nevada Investments LLC
Nov 17, 2023
—
Sunil Natver
—
Deed
related
$735,000 · Carmine Franco Canzona
Dec 14, 2017
$1,377,000
Sunil Natver
USA Motels LLC
Grant Deed
$799,000 · Pacific Enterprise Bank
Sep 15, 2016
—
USA Motels LLC
—
Deed
related
$438,000 · East West Bank
Jun 6, 2006
—
USA Motels LLC
Natan,payman E
Grant Deed
$560,000 · United Commercial Bank
Mar 28, 2006
—
Payman E Natan
Patel,virendra K
Grant Deed
$700,000 · Personnel Leasing INC
Dec 8, 2000
—
Virendra K Patel
Patel,v K
Quit Claim Deed
related
—
Nov 16, 2000
—
Virendra Patel
Patel,b
Quit Claim Deed
related
—
Nov 16, 2000
$360,000
Patel,virendra
Patel,champak L & Lalita C
Trustees Deed
related
$288,000 · Eldorado Bank
—
—
Virendra Patel
—
Deed Of Trust
related
$60,000 · California 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.
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