Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Auto shops
43720 15th W St Lancaster, CA 93534-4728
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8655056
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Construction
TILT-UP CONCRETE
Total area
4,330 SF
Lot
3.23 ac (140,863 SF)
Zoning code
LRCPD*
APN
3123-007-053
UPID
US09-8655056
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
-
Fire N Frosty burgers and shakes Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.31M
Owner & transaction history
Sung Soo Cho · 3 yrs held
Sung Soo Cho
since 2023
7 recorded transactions
Zoning & alternative use
LRCPD* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+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
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
AUTO REPAIR, GARAGE
$1,460,000
Current use
MEDICAL BUILDING
$1,970,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,340,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$303 / 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
$42,482
Tax year 2024
Assessed value
$2,876,586
Assessed 2024
Previous assessed
$2,876,586
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,729,333
Assessed improvement
$1,147,253
Applied tax rate
4.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
4,330 SF
Lot
3.23 ac (140,863 SF)
Zoning code
LRCPD*
APN
3123-007-053
UPID
US09-8655056
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
$1.5M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
3.23 ac
Current owner
From public records · entity-resolved
Sung Soo Cho
Individual
Mailing address
748 GROVELAKE DR, PLACENTIA, CA 92870-6403
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
—
Sung Soo Cho
Sung Soo Cho
Intrafamily Transfer
related
—
Feb 16, 2023
—
Suh Min Hatyoun
Jin Sung Suh
Intrafamily Transfer
related
—
Aug 3, 2022
—
Angel City Bell LLC
—
Deed
related
$100,000 · Citizens Bank NA
May 26, 2021
—
Sung Soo Cho
Jenny Yu
Intrafamily Transfer
related
—
Feb 21, 2019
—
Jenny Yu
Yu,jenny
Quit Claim Deed
related
—
Jul 13, 2005
—
Jin S Suh
Sung,suh J
Quit Claim Deed
related
$1,050,000 · Hanmi Bank
Jun 29, 2004
—
Jenny Yu
Lancaster Car Care Associates
Grant Deed
related
—
Feb 10, 1993
—
Car Care Assoc Lancaster
—
Deed Of Trust
related
—
Sep 4, 1991
$820,000
Car Ca Lancaster
Olivet Southern
Grant Deed
related
$775,000 · Seller
—
—
Lancaster Car Care Associates
—
Deed Of Trust
related
$600,000 · Wells Fargo Bank
—
—
Car Care Asociates Lancaster
—
Deed Of Trust
related
$565,000 · Goldstein Trust
—
—
Southern Olivet
—
Deed Of Trust
related
$130,000 · Individual
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 43720 15th W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
