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Property profile & analytics
OFF-MARKET
Estimated value
$15,000,000
Automotive properties
43244 Drivers Way Lancaster, CA 93534-5854
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-7460572
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1991
Construction
WOOD
Total area
34,313 SF
Lot
4.09 ac (178,325 SF)
Zoning code
LRCPD
APN
3125-024-022
UPID
US09-7460572
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
-
honda in lancaster Car Dealership
-
Honda Lancaster Service & Parts Department Car Dealership
-
Honda Lancaster Car Dealership
-
Honda at Lancaster Car Dealership
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.44M
Blend (final)
Blend
$15.00M
Owner & transaction history
Tag Property Holdings LLC · 1 yrs held
Tag Property Holdings LLC
since 2024
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
LRCPD · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$22.3M
+93.0%
Medical building
$15.6M
+34.8%
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
$15,000,000
ML approach
$15,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,575,000
Current use
RESTAURANT
$22,345,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$15,600,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,410,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,600,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,435,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$15.00M
Range $13.50M – $16.50M · ±10% · vs last sale $15.00M (Aug 21 2024)
Last sale anchor
$15.00M
Aug 21 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
$437 / 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
$93,745
Tax year 2024
Assessed value
$6,679,054
Assessed 2024
Previous assessed
$6,679,054
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,332,548
Assessed improvement
$4,346,506
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
34,313 SF
Lot
4.09 ac (178,325 SF)
Zoning code
LRCPD
APN
3125-024-022
UPID
US09-7460572
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRCPD · Lancaster, CA
Zoning LRCPD · permitted uses
LRCPD · 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
AUTO REPAIR, GARAGE Current
Est. value
$11.6M
RESTAURANT
Est. value
$22.3M
MEDICAL BUILDING
Est. value
$15.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1991
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
4.09 ac
Current owner
From public records · entity-resolved
Tag Property Holdings LLC
Entity
Mailing address
43244 DRIVERS WAY, LANCASTER, CA 93534-5854
Mailing matches property
Yes
Owner-occupied
Yes
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Tag Property Holdings LLC
—
Deed
related
$12,560,000 · Ally Bank
Aug 21, 2024
$15,000,000
Tag Property Holdings LLC
Sully III Avp LLC
Grant Deed
$12,000,000 · Bmo Bank NA
May 22, 2017
$5,870,000
Sully III Avp LLC
Rick Clutter
Grant Deed
$5,280,000 · Comerica Bank
May 3, 2016
—
Clutter Family Trust
—
Trustees Deed
related
$2,700,000 · Wells Fargo Bk
Mar 3, 2015
—
Clutter Family Trust
—
Trustees Deed
related
$3,825,000 · Wells Fargo Bk
Jul 26, 2011
$1,743,000
Rick Clutter
How We Roll LLC
Grant Deed
$1,494,750 · Wells Fargo Bank NA
Nov 16, 2010
$2,752,968
Thats How We Roll LLC
Wt Capital Lenders Svcs
Trustees Deed
related
—
Apr 20, 2007
$2,515,500
Ocean Mission Park LLC
Drivers Way Investment LLC
Grant Deed
—
Apr 20, 2007
—
Craig R Campbell
Campbell,eileen
Quit Claim Deed
related
$3,984,000 · Namco Fin'l Exchange Corp
Aug 29, 2006
—
Drivers Way Investment LLC
Lancaster Land Group LLC
Grant Deed
—
Apr 21, 2004
$200,000
Lancaster Land Group LLC
Brand Plaza INC
Grant Deed
related
$600,000 · Brand Plaza INC
Sep 3, 2002
$788,000
Brand Plaza INC
Clutter,tr
Grant Deed
—
—
—
Ocean Mission Park LLC
—
Deed Of Trust
related
$4,056,000 · California Bank & Trust
—
—
Brand Plaza INC
—
Deed Of Trust
related
$2,760,000 · Bank Of America
—
—
Lancaster Group LLC
—
Deed Of Trust
related
$500,000 · Todd Grayson
—
—
Clutter Trust
—
Deed Of Trust
related
$25,000 · Ford Motor Credit Co
—
—
Ricky J Clutter
—
Deed Of Trust
related
$1,680,000 · Chrysler Credit Corp
—
—
Clutter Motors INC
—
Deed Of Trust
related
$1,000,000 · Lancaster Successor Agency
—
—
Lancaster Land Group LLC
—
Deed Of Trust
related
$3,984,000 · Key Bank NA
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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