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Property profile & analytics
FOR SALE
Office buildings
44151 15Th St W Lancaster, CA 93534
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9325952
For Sale
1 / 3
$985,000
44151 15Th St W, Lancaster, CA 93534
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2013
Construction
STEEL FRAME
Total area
54,533 SF
Lot
1.02 ac (44,585 SF)
Zoning code
LRR325U*
APN
3123-004-055
UPID
US09-9325952
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
-
City of Hope Antelope Valley Hospital
-
Yih-Dar Nien, M.D. | Surgical Oncologist Physician
-
City of Hope Medical Clinic Hospital
-
City of Hope Urology - Jaspreet Parihar, MD Physician Medical Clinic
-
Dr. Donald Hannoun Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Morningwood Properties LLC · 1 yrs held
Morningwood Properties LLC
since 2025
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
LRR325U* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$905,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $900k (Dec 29 2023)
Last sale anchor
$900k
Dec 29 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
$18 / 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
$20,964
Tax year 2024
Assessed value
$22
Assessed 2024
Previous assessed
$22
+0.0% YoY
Effective rate
95,290.91%
On assessed value
Assessed land
$22
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Stories
1
Total area
54,533 SF
Lot
1.02 ac (44,585 SF)
Zoning code
LRR325U*
APN
3123-004-055
UPID
US09-9325952
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRR325U* · Lancaster, CA
Zoning LRR325U* · permitted uses
LRR325U* · 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.
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Morningwood Properties LLC
Entity
Mailing address
24 HAMMOND C STE C, IRVINE, CA 92618-1680
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 8, 2025
—
Morningwood Properties LLC
Morningwood Properties LLC
Deed
related
—
Dec 29, 2023
$900,000
Morningwood Properties LLC
Antelope Valley Healthcare District
Grant Deed
$15,000,000 · Bank Of America NA
May 25, 2023
—
Southern California Gas Company
Antelope Valley Health Care Distric
Other
—
Apr 12, 2018
—
Antelope Valley Partners LLC
—
Grant Deed
related
$15,700,000 · Pacific Wstrn Bk
Dec 7, 2016
—
Antelope Valley Medical Buildi
—
Deed
related
$15,590,000 · Us Bk
—
—
Antelope Valley Medical Buildi
—
Loan Modification
related
$15,590,000 · Us Bk
—
—
Antelope Valley Medical Buildi
—
Loan Modification
related
$15,590,000 · Us Bk
—
—
Antelope Valley Medical Buildi
—
Loan Modification
related
$15,590,000 · Us Bk
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?”
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