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Property profile & analytics
OFF-MARKET
Estimated value
$12,435,000
Manufacturing properties
42933 Business Ctr Pkwy Lancaster, CA 93535-4515
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0103350
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
67,253 SF
Lot
12.25 ac (533,666 SF)
Zoning code
LRRA6500*
APN
3126-009-124
UPID
US10-0103350
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
-
Time & Space Technologies Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.15M
CAP Approach
CAP
$12.60M
Comparable Approach
Comparable
$12.35M
Blend (final)
Blend
$12.44M
Owner & transaction history
Bartz Altadonna Community Health Ce · 2 yrs held
Bartz Altadonna Community Health Ce
since 2023
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
LRRA6500* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.5M
+110.5%
Auto repair, garage
$18.4M
+110.0%
Office building
$15.1M
+71.9%
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
$11,345,000
ML approach
$9,150,000
CAP Approach
CAP Return
Estimation
6%
$13,645,000
6.5%
$12,595,000
7%
$11,695,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,785,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,495,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,445,000
Change: +110% · Conversion: Easy
OFFICE BUILDING
$15,100,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$12.44M
Range $11.19M – $13.68M · ±10% · vs last sale $12.40M (Oct 11 2023)
Last sale anchor
$12.40M
Oct 11 2023
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
$185 / 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
$184,390
Tax year 2024
Assessed value
$12,400,000
Assessed 2024
Previous assessed
$12,400,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$3,750,000
Assessed improvement
$8,650,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
67,253 SF
Lot
12.25 ac (533,666 SF)
Zoning code
LRRA6500*
APN
3126-009-124
UPID
US10-0103350
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRRA6500* · Lancaster, CA
Zoning LRRA6500* · permitted uses
LRRA6500* · 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
INDUSTRIAL (GENERAL) Current
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$18.4M
OFFICE BUILDING
Est. value
$15.1M
INDUSTRIAL (GENERAL) Current
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
12.25 ac
Current owner
From public records · entity-resolved
Bartz Altadonna Community Health Ce
Individual
Mailing address
43322 GINGHAM AVE, LANCASTER, CA 93535-4576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$12,400,000
Bartz Altadonna Community Health Ce
Lancaster Eagle LLC
Grant Deed
$7,374,000 · Mission Bank
Mar 9, 2023
—
Cester Modelo LLC
—
Deed
related
$1,505,500 · Cavalini INC
Mar 2, 2023
—
Lancaster Eagle LLC
—
Deed
related
$1,505,500 · Cavalini INC
May 2, 2022
$7,400,000
Lancaster Eagle LLC
Deluxe Manufacturing Operations LLC
Grant Deed
$5,180,000 · Hanmi Bank
Feb 14, 2022
—
Deluxe Manufacturing Operations LLC
Lancaster Eagle LLC
Correction Deed
related
—
Jan 31, 2022
$7,350,000
Lancaster Eagle LLC
Deluxe Manufacturing Operations LLC
Grant Deed
—
Feb 14, 2006
—
Deluxe Mfg Operations INC
Deluxe Financial Services INC
Quit Claim 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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