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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Apartment buildings
437 Ave Q7 Palmdale, CA 93550-4585
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7485916
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
WOOD
Total area
5,694 SF
Lot
0.2 ac (8,842 SF)
Zoning code
PDR3*
APN
3008-014-019
UPID
US09-7485916
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1,000k
Blend (final)
Blend
$1.03M
Owner & transaction history
T And M Investment Group LLC · 4 yrs held
T And M Investment Group LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.7M
+119.9%
Auto repair, garage
$1.2M
+63.5%
Industrial (general)
$1.2M
+54.6%
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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
$965,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
WAREHOUSE, STORAGE
$1,675,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,245,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,175,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.06M (Oct 8 2021)
Last sale anchor
$1.06M
Oct 8 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
$180 / 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
$16,853
Tax year 2024
Assessed value
$1,099,702
Assessed 2024
Previous assessed
$1,099,702
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$166,464
Assessed improvement
$933,238
Applied tax rate
17.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
5
Bathrooms
10
Total area
5,694 SF
Lot
0.2 ac (8,842 SF)
Zoning code
PDR3*
APN
3008-014-019
UPID
US09-7485916
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR3* · Palmdale, CA
Zoning PDR3* · permitted uses
PDR3* · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1983
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
10
Lot
0.2 ac
Current owner
From public records · entity-resolved
T And M Investment Group LLC
Entity
Mailing address
355 1ST ST UNIT #609, SAN FRANCISCO, CA 94105-3045
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
$1,057,000
T And M Investment Group LLC
5sl Estates 3 LLC
Grant Deed
$650,100 · Financial Partners Cu
Jun 1, 2017
$585,000
5sl Estates 3 LLC
Lr Munoz R/e Holdings LLC
Grant Deed
—
Aug 31, 2010
—
L R Munoz R/e Holdings LLC
Munoz Luis R Living Trust
Quit Claim Deed
—
May 18, 2010
—
Luis Munoz
Munoz,blanca G
Quit Claim Deed
related
—
Apr 3, 2008
$95,000
Luis R Munoz
Munoz,george JR
Grant Deed
related
—
Jan 10, 2006
$710,000
George R Munoz
437 Q-7 Townhomes LLC
Grant Deed
—
Mar 9, 2004
—
Robert Mestepey
Mestepey,robert
Quit Claim Deed
related
—
Feb 26, 2004
$350,000
Robert Mestepey
Vojat-andree,tr
Grant Deed
$300,000 · Vojat-andree Trust
Jun 19, 2001
—
Andree Donald R T
Andr
Quit Claim Deed
related
—
Apr 2, 1997
—
Andree,donald R Trustee
Andree,d R & L V
Quit Claim Deed
related
—
Mar 2, 1989
$300,000
Andree Donald R
Interstate Excha
Trustees Deed
—
Mar 2, 1989
—
Gordon A Johnson
Johns
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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