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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Office buildings
42505 10th W St Lancaster, CA 93534-7011
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8620247
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
TILT-UP CONCRETE
Total area
13,668 SF
Lot
1.08 ac (46,961 SF)
Zoning code
LRLI
APN
3109-025-031
UPID
US09-8620247
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
-
Simulations Plus Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Realtor Christie Mai THE REAL ESTATE PLACE Real Estate Agency
-
THE REAL ESTATE PLACE Maxi Case & Company Real Estate Agency
-
Melissa Case Realtor Real Estate Agency
-
Lawyers Title Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.32M
Owner & transaction history
Crest Dev Group LLC · 18 yrs held
Crest Dev Group LLC
since 2007
7 recorded transactions
Zoning & alternative use
LRLI · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+29.5%
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
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
$2,900,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,760,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$170 / 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
$33,849
Tax year 2024
Assessed value
$2,432,698
Assessed 2024
Previous assessed
$2,432,698
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$187,215
Assessed improvement
$2,245,483
Applied tax rate
15.0000
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
13,668 SF
Lot
1.08 ac (46,961 SF)
Zoning code
LRLI
APN
3109-025-031
UPID
US09-8620247
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRLI · Lancaster, CA
Zoning LRLI · permitted uses
LRLI · 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
OFFICE BUILDING Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Crest Dev Group LLC
Entity
Free & Clear · 18 yrs held
Mailing address
6989 ELIZABETH LK RD, LEONA VALLEY, CA 93551-7576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Jul 31, 2007
—
Crest Dev Group LLC
Shafer Gary S 1995 Trust
Grant Deed
—
Apr 6, 2006
—
Shafer Gary S 1995 Trust
Shafer,gary S
Quit Claim Deed
related
$1,000,000 · American Security Bank
Jan 5, 2006
—
Gary S Shafer
Case,mari-elana
Quit Claim Deed
related
—
Jan 3, 2006
$1,024,000
Gary S Shafer
Freeway Ventures LLC
Grant Deed
—
Nov 12, 2003
—
Freeway Ventures LLC
Wilson,stephen P
Grant Deed
related
—
Jun 4, 2001
$135,000
Stephen P Wilson
Boutin,lon T & Ladonna M
Grant Deed
$95,000 · Lon T & Ladonna M
Jun 4, 2001
—
Stephen P Wilson
Wilson,j
Quit Claim Deed
related
—
Jan 18, 1968
—
—
—
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.
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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