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Property profile & analytics
OFF-MARKET
Parking lots & garages
44410 Elm Ave Lancaster, CA 93534
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-6366307
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1951
Total area
7,701 SF
Lot
0.2 ac (8,851 SF)
Zoning code
LCMDR
APN
3134-025-020
UPID
US09-6366307
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gevargis,y & L 2007 Trust · 6 yrs held
Gevargis,y & L 2007 Trust
since 2019
7 recorded transactions
Zoning & alternative use
LCMDR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,298
Tax year 2024
Assessed value
$75,141
Assessed 2024
Previous assessed
$75,141
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$34,154
Assessed improvement
$40,987
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1951
Heating
NONE
Stories
1
Rooms
8
Bathrooms
2
Total area
7,701 SF
Lot
0.2 ac (8,851 SF)
Zoning code
LCMDR
APN
3134-025-020
UPID
US09-6366307
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCMDR · Lancaster, CA
Zoning LCMDR · permitted uses
LCMDR · 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
1951
Heating
NONE
Stories
1
Rooms
8
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Gevargis,y & L 2007 Trust
Trust
Mailing address
PO BOX 900695, PALMDALE, CA 93590-0695
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
—
Gevargis,y & L 2007 Trust
Yul Gevargis
Quit Claim Deed
related
—
May 30, 2012
—
Yul Gevargis
Yul Gevargis
Intrafamily Transfer
related
$660,000 · Wells Fargo Bank NA
Aug 20, 2004
$825,090
Yul Gevargis
Park Plaza Professional Center
Grant Deed
$400,000 · Park Plaza Prof Ctr LLC
Aug 20, 2004
—
Park Plaza Prof Ctr LLC
Mcguire,james J & Patricia A
Grant Deed
related
—
Jan 15, 2004
—
Mcguire,tr
Mcguire,james J & Patricia A
Quit Claim Deed
related
—
Jun 30, 2003
—
Park Plaza Professional Center
Mcguire,james J & Patricia A
Grant Deed
related
—
Mar 16, 2000
$75,000
James J Mcguire
Norstad,robert N & Mindy
Grant Deed
—
Jan 12, 1996
$51,000
Robert N Norstad
Baker Trust
Grant Deed
$50,401 · Urban First Funding Corp
—
—
Yul Gevargis
—
Deed Of Trust
related
$702,000 · Community Commerce Bank
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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